WTDirect New Account Cash Bonus Up to $500

WTDirect, one of the online banks that I wrote about quite often here, is running a new promotion which will give each new customer up to $500 cash bonus.

From now to June 15, 2010, if you open a WTDirect Savings Account (see WTDirect review for details), you will receive $100 bonus for every $10,000 deposit. The account currently has a two-tier interest rate structure. For balance of $10,000 or more, the yield is 1.16% APY and for balance less than $10,000, the rate is much lower at 0.16% APY. So if you don’t want to earn the 0.16% APY (see other high-yield savings account offers for low-balance account), open an account with at least $10,000 and get 1.16% APY, plus $100 bonus. Other details of this offer are:

This offer is available to new WTDirect clients only. Primary account holder must NOT have held a WTDirect account in the past 12 months. WTDirect account must be opened and funded via electronic (ACH) transfer received by 6/15/10. Bonus is based upon the lowest daily balance during the promotional period of 6/15/10 – 9/15/10. Bonuses will be paid approximately 2 weeks after the end of the promotional period to clients whose accounts are open and in good standing. Wilmington Trust employees and their family members are not eligible. WTDirect reserves the right to cancel or modify this promotion at any time without notice.

WTDirect had cash bonus promotion a few times in the past, but it says this one is so far the largest. If you are interested in getting some bonus money from this offer, use this link to open an account and fund it with at least $10,000 to get $100 free money.

Update: The offer has expired. Check out other savings account offers:

• SmartyPig Savings Account 2.15% APY
• Sallie Mae Savings Account 1.40% APY
• Ally Bank Online Savings Account 1.29% APY;
• FNBO Direct Savings Account 1.25% APY;
• EverBank Money Market Account 2.25% 3-month bonus rate, 1.51% APY for the first year.
• Discover Bank Savings Account 1.35% APY