WT Direct?

[m3racer]

Does anyone have any experience with WT Direct's online savings account? I did a search but I could not come up with much. They have a 4-star rating from bankrate and offer 5.26% APY. Any feedback would be much appreciated.

[poundwise]

Does anyone have any experience with WT Direct's online savings account? I did a search but I could not come up with much. They have a 4-star rating from bankrate and offer 5.26% APY. Any feedback would be much appreciated.

WT Direct is a fine institution and the account offering is well-regarded. The only catch is, of course, that you must maintain a balance of $10K+ to earn 5.26% APY. Otherwise, the rate drops all the way to 0.6%.

I would question putting money into such an account when there are other 5.25% to 5.3% offerings that don't have the large minimum balance requirement link, however, WT Direct would seem to be a fine choice for those who intend to hold a large deposit on account.

[m3racer]

WT Direct is a fine institution and the account offering is well-regarded. The only catch is, of course, that you must maintain a balance of $10K+ to earn 5.26% APY. Otherwise, the rate drops all the way to 0.6%.

I would question putting money into such an account when there are other 5.25% to 5.3% offerings that don't have the large minimum balance requirement link, however, WT Direct would seem to be a fine choice for those who intend to hold a large deposit on account.

Thanks for the feedback.