WT Direct $150 Bonus Promotion

WTDirect, one of the popular online banks, is running a promotion again that, for a limited time, will give up to $150 bonus for every new account.

The bank had run a few similar promotions in the past and from what I can see, the promotions were quite successful in generating interests. The yield of WTDirect savings account is currently at 1.76% APY, which hasn’t changed for more than three months (therefore, the rate is much more stable than rates of other banks). The rate isn’t the highest for sure, but it beats easily rates of other banks such as FNBO Direct, ING Direct, and HSBC Direct. The only drawbacks is that WTDirect requires a minimum balance of $10,000 in order to earn that interest rate. The yield is 0.15% APY for balance below $10,000. If like promotions the bank had before, then at least $10K is required to earn the bonus.

Right now, there isn’t much details on exactly how much bonus you can earn from the promotion, but it will depend on the amount of initial deposit, as in previous promotions. To earn the bonus, you must open and fund your account before July 31 and the money must remain in the account for at least three months (until October 30, 2009). If all the conditions are met, the bonus will be credited into your account by November 20, 2009.

Update: Here’s how much you can get from the promotion, depending on your initial deposit:

• Deposit and balance of $10,000: $25 bonus
• Deposit and balance of $20,000: $50 bonus
• Deposit and balance of $30,000: $75 bonus
• Deposit and balance of $40,000: $100 bonus
• Deposit and balance of $50,000 or more: $150 bonus

There’s no promo code for this offer. To get up to $150 free money from WTDirect, simply use this link to open an account.