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WT Direct Increases Interest Rate to 3.26% APY

Posted by Sun on June 19, 2008
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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6 Comments
June 21, 2008

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!

Posted by bubbles
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