Available nationwide, TotalDirectBank Direct Money Market is offering a staggering 1.20% APY Rate. Continue reading below to learn everything you need to know about TotalDirectBank.
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About TotalDirectBank Direct Money Market
TotalDirectBank is a division of City National Bank of Florida. Founded in Miami more than 70 years ago, today City National Bank is the premier private commercial bank in Florida.
Being an online account, they can offer one of the highest rates! The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
I’ll review TotalDirectBank Direct Money Market below.
TotalDirectBank Direct Money Market
To earn TotalDirectBank’s competitive rate, simply have an opening deposit of $5,000. That’s all it takes and you’ll get to enjoy earning the competitive rate.
- Account Type: Direct Money Market
- Minimum Balance: $2,500
- Maximum Balance: $500,000
- Availability: Nationwide (Online Bank)
- Credit Inquiry: Soft pull or Hard Pull?
- Opening Deposit: $2,500 minimum
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: No monthly service fees
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
American Express® High Yield Savings Account - You earn a competitive interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why: *No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account. *1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two. *No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest. Some other features from American Express® High Yield Savings account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month. |
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Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend. |
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PROMOTIONAL LINK | OFFER | REVIEW |
Discover Bank Online Savings | $200 Bonus + 1.10% APY | Review |
Aspiration | $150 Bonus + 1.00% APY | Review |
CIT Bank Money Market | Amazon Prime($139 value) + 1.00% APY | Review |
Axos Business Savings | $200 Bonus + 0.20% APY | Review |
UFB Money Market Account | 1.66% APY | Review |
UFB Savings | 1.66% APY | Review |
Quontic Bank High Yield Savings | 1.58% APY | Review |
Quontic Bank Money Market | 1.50% APY | Review |
CIT Bank Savings Connect | Up to 1.35% APY | Review |
American Express® High Yield Savings account | 1.00% APY as of 6/29/22 | Review |
Axos Bank High Yield Savings | Up to 0.61% APY | Review |
TotalDirectBank ACH Capabilities & Limits
ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
Push | ? | ? | ? | None |
Pull | ? | ? | ? | None |
Editor’s Note: You have to link and initiate (inbound and outbound) ACH transfers from an external bank account..
How to Earn TotalDirectBank Rate
- Open a Direct Money Market account from TotalDirectBank with an opening deposit of $2,500.
- Maintain any balance amount and earn the 1.20% APY rate.
Balance Requirement | APY Rate |
$2,500+ | 1.20% APY |
Why You Should Sign Up For This Account
- Grow your money faster with interest compounded monthly
- Online transfer of funds using your external bank account
- FDIC insurance up to the maximum allowable
- Unlimited deposit transactions, and up to six withdrawals and transfers per month
Bottom Line
Check out TotalDirectBank and open a Direct Money Market account this amazing rate! The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
Note: Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
Check back often to see the latest info on Direct Money Market Account.

terrible. requires a credit pull. they also drew funds twice and refused to return without going through my current bank
$5K opening balance to earn 2.35% APY (not $50K). No interest for accounts less than $5K. But no fees for going below the minimum (>$5K). The online account has no mechanism for linking or initiating ACH transfers from this bank. You have to link and initiate (inbound and outbound) ACH transfers from another (external) bank account.
Thank you for updating us, Greg!