wtdirect | Online Savings Blog

HSBC Direct Drops Online Savings Account to 3.25% APY
09.16.08 | Online Savings Accounts | 2 Comments | by junger

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After a summertime promotion, HSBC Direct is lowering its online savings account APY to 3.25% APY.

The account had offered a 3.50% APY, originally launched in June but extended until 9/15 about half-way through the promo.

While I'm a fan of HSBC and use it to hold our housing fund, dropping back to 3.25% puts it further out of the top-rate leaderboard, with DollarSavingsDirect (3.75% APY), FNBO Direct (3.50% APY) and WT Direct (3.26% APY) leading the way.
WTDirect Offering Bonuses to New Online Savings Accounts
08.24.08 | Online Savings Accounts | 0 Comments | by junger

WTDirect, which recently upped its online savings account to a 3.31% APY, has just announced that they are giving away bonuses to customers who open a new online savings account.

Now through September 5th, open a WTDirect Savings Account and receive a bonus based on your deposit amount. Customers that keep a balance for 60 days earning our high rate will receive a bonus of $100-$250.

Deposit and balance for 60 days Bonus

$10,000 $100

$15,000 $150

$20,000 $200

$25,000 $250

Be sure to use promotion code “WTF3SOB” when completing the online application!

It's not unusual for banks to offer sign-up bonuses, but WTDirect's possible $250 contribution is the most generous I've seen — assuming you have $25,000 to open with.

ING Direct, for instance, has been giving $25 to customers who open an account with at least $250 for some time now.

Click here to get started with a new WTDirect account.
WaMu, WTDirect Up Online Savings Account APYs
08.01.08 | Online Savings Accounts | 1 Comment | by junger

Lots of news from the savings world this week: Washington Mutual has upped the APY on its online savings account to 3.75%, making it the highest currently available savings offering, according to BankRate.

As far as we know, it's not a promo rate, like HSBC's 3.50% account, which was recently extended until September 15.

WTDirect also upped its APY, pushing up to 3.31%. The higher rates go, the harder our money is working for us.
WTDirect Ups Savings Account to 3.26% APY
06.19.08 | Online Savings Accounts | 1 Comment | by junger

Just over a month since dropping their rates to 3.16% APY, WTDirect is increasing their savings account to 3.26% APY.

From the email I got:

As of June 19th (today), WTDirect's Savings Account rate is officially INCREASING to 3.26% APY - This marks the first rate increase in 9 months!! The rate continues to be in the top 5% of all banks.

As far as we can tell, this is not a temporary adjustment like HSBC's 3.50% APY until August 15, so it's great to see more upward motion.

Minimum balance to get into WTDirect is $10,000, so it's not for savers starting out. But once you open it, there's no minimum to avoid fees.
WTDirect Drops Savings Account to 3.16% APY
05.12.08 | Online Savings Accounts | 0 Comments | by junger

WTDirect's Savings Account has fallen from a 3.31% APY to a 3.16% APY.

Despite the drop, they're still in the top 10 of online savings accounts, according to Bankrate.

While rate drops have been the norm since the Fed started cutting interest rates, E-Trade upped their online savings account APY last week. Looks like the trend may not continue.

Minimum balance to get into WTDirect is $10,000, so it's not for savers starting out. But once you open it, there's no minimum to avoid fees.

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