WT Direct Increases Interest Rate to 3.26% APY

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

1. WT Direct and Emigrant Direct Interest Rate Update
2. FNBO Direct Followed Suit, Up Interest Rate
3. IGoChecking Has The Best Interest Checking Account Rate
4. HSBC Direct Bumps Up Rate: 3.50% APY
5. ING Direct Lowered Interest Rates
6. Emigrant Direct Lowers Its Rate to 5.05%
7. Rate Update: ING Direct Holds Savings Rate Steady, EverBank Maintains 4.00% Till Year End
8. ING Direct Lowered Orange Savings Account Rate to 2.75% APY