WT Direct Bank
Everyone is looking for a better option for their money, and well, to have their money make money whenever possible. Online banks, in some instances, offer higher yield options than your local bank. While nearly everyone has heard of HSBC and ING Direct, you may be surprised to hear there is potentially a better option available. WT Direct (or Wilmington Trust Direct) offers high yield savings accounts with an impressive APY, particularly for higher balances.
How does a savings account at WT Direct work? As with other online-only banks, you can link your WT Direct account into a number of checking or bank accounts to easily transfer money from one to the other. Electronic funds transfers between accounts are easy and efficient. In some cases, next day transfer may be available. While the website is accessible and easy to use, you can also manage your savings via mobile banking if you prefer. Excellent customer service is available seven days a week by phone or email, and your accounts are FDIC insured up to $250,000. With the backing of the well-known and reliable Wilmington Trust financial companies, you can feel secure in choosing this option for your savings.
WT Direct is designed for individuals with substantial savings, but a potential need to access funds in a relatively prompt manner. There are no costs or fees associated with this savings account, even with lower balances. High transfer limits allow for larger purchases, while your money can earn a respectable 1.16% (this has now changed since the M&T Bank changeover). While there are no required minimum balances to have a savings account, the top APY requires that you maintain a $10,000 balance on your account. If you need to keep a larger sum in your accessible savings account, WT Direct can easily manage much larger balances while still paying out top interest rates on your deposit.
Set up an account in just a few minutes at WTDirect.com. No minimum starting balance is required, so you can just deposit a few dollars if you would like to get started and explore what this reliable and trustworthy company has to offer.