WT Direct Gives Depositors a Bonus of $150 in Their Savings
August 24, 2009 by Banker
Filed under Account Interests, Interest Based Investments
WT Direct Gives Depositors a Bonus of $150 in Their Savings
If you are wondering where best to put your extra money and gain some earnings, then opening a savings account care of WT Direct would be a great choice. This is so because WT Direct offers a cash bonus for your savings.
It is very easy to achieve. Just open a WT Direct savings account of not less than $50,000 before 31 July 2009 and have it stay there till 31 October 2009. If you can that, you will be receiving an additional $150 in your savings account. WT Direct, in case you are not familiar yet, is Wilmington Trust’s online banking division headquartered in Wilmington Delaware.
If however you do not have a savings account as big as $50,000, you would still have the chance to earn cash rewards. This is because the cash bonus you will get will be based on your account’s balance from the beginning of the promo period which is July 31, 2009 to its end which is on October 31, 2009. To illustrate, the tiered bonuses will be at $25 for a minimum deposit of $10,000. For every other $10,000 added to the savings account, another cash bonus of $25 will be also be added. Therefore, your $20,000 will give you a bonus 0f $50, your $30,000 give you additional $75 and a bonus of $100 for a $40,000 savings deposit.
WT Direct Gives Depositors a Bonus of $150 in Their Savings
On top of this great bonus is a 1.76% current yield given by WT Direct on the account balance for the first sixty days. However, should your account falls under $10,000 after the opening period of the offer, your APY would only be a pittance of 0.15%.
The APY offered by WT Direct alone is good enough to interest many prospective depositors since it is high compared to the others. The cash bonus is just an icing in the cake. To find out for yourself if you are indeed getting a good deal, you may want to compare this cash bonus offer to other great money market account and savings rates from other banks which counts to hundreds already all to be found in our data base.
For your further information, WT Direct’s 1.76% annual percentage yield (APY) offered to depositors is known to be one of the highest in the online banking market. Additionally, the online banking also offers a no minimum deposit and no maintenance fees requirement when opening an account. All WT Direct savings accounts are insured under FDIC for up to $250,000. It also offers 0% liability on transactions that are not authorized. This makes the funds you deposit absolutely safe.
To those who failed to do deposit before July 31, 2009, there is good news for you. You still have the chance of earning an additional $150 by depositing not less than $50,000 in WT Direct online banking. Their cash bonus promo has been extended through August 15, 2009. You should let your account stay deposited for three months to be able to claim the bonus. Since this promo is for a limited time only, it is to ideal to do your savings now.