WT Direct Increases Interest Rate to 3.26% APY
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Sun on
June 19, 2008
Post viewed 790 times, 2 so far today
Post viewed 790 times, 2 so far today
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WT Direct became the latest online bank to increase the interest rate of its online savings, following similar move early from E-Trade, HSBC Direct, and FNBO Direct.
The increase is 0.10%, from 3.16% to 3.26% APY with a minimum requirement of $1o,000. After 60 days if the minimum balance is below $10,000, then the interest rate is 0.50% APY. I looked at WT Direct a year ago and determined that this isn’t the bank I want, not just because of the high balance requirement, which isn’t a problem now, but more of its two-tier rates. $9,999 at 0.50% APY? No thanks!
If you are looking for good offers, check out my interest rates table. There are many better deals 
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Gee, my problem is not only the interest rates, but with the maintaining balance as well. Yep, you got it, there are many better deals!