WT Direct Increases Interest Rate to 3.26% APY
Posted by
Sun on
June 19, 2008
Advertisements
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 
Related Articles You Don't Want To Miss
- WT Direct and Emigrant Direct Interest Rate Update
- FNBO Direct Followed Suit, Up Interest Rate
- Surprise! Ally Bank Increases Savings Account Rate
- ING Direct Lowered Interest Rates
- HSBC Direct Bumps Up Rate: 3.50% APY
- IGoChecking Has The Best Interest Checking Account Rate
- Emigrant Direct Lowers Its Rate to 5.05%
- Rate Update: ING Direct Holds Savings Rate Steady, EverBank Maintains 4.00% Till Year End
Categories :
Banking, Personal finance
Trackbacks & Pingbacks
- Pingback by Links: Is Waldo and Harry Potter The Same Person? on June 22, 2008 @ 4:18 pm
- Pingback by WaMu Increases Its Rate to 3.75% APY on July 30, 2008 @ 11:06 pm
- Pingback by Emigrant Direct and WT Direct Interest Rate Update on August 2, 2008 @ 12:29 am
- Pingback by Keep My Money Safe and Let It Grow on September 22, 2008 @ 1:58 pm
- Pingback by WT Direct And Salem Five Direct Quick Reviews on November 13, 2008 @ 11:09 pm
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!