Quote:
Originally Posted by dantheman311
WTDirect.com currently offering 1.76% APY for online savings
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Yes, thanks for the mention, however, this offering does not qualify for our listing here. For one, the stated APY is only for 60 days unless you have and maintain a $10,000 balance.
From the site: There is no minimum deposit required to open the account. For the first 60 days from the date the account is opened, regardless of the account balance, the account will earn our highest APY, which is variable and is currently 1.76%. After the first 60 days, the APY for the account will have two tiers: (a) a higher APY for accounts with balances of $10,000 or more (variable and currently 1.76% APY); and (b)
a lower APY for accounts with balances of less than $10,000 (variable and
currently 0.15% APY).
If you have less than $10k to keep on deposit, then this offering is clearly a poor idea.
If you have $10k or more to keep on deposit, then there are several offerings that will pay a higher yield, including several on the list here that do not require that kind of balance and others, which, due to higher balance requirements, do not appear on the list here.