There is a new WTDirect promotion for up $500 cash bonus Nationwide *DEAD*. For every $10,000 deposit, WTDirect will give you $100 bonus. Hence, you can deposit up to $50,000 for $500 bonus. They have a graphic calculator to see the maximum money you can put in. With $50K deposit, the total is $642 because they are adding in the 1.16% APY + the $500 bonus. Essentially, this is like a CD rate of 5.16% APY for 3 months. Make sure you fund the account by June 15th and keep the money in for 3 months for the bonus to show up.
From the website:
This offer is available to new WTDirect clients only. Primary account holder must NOT have held a WTDirect account in the past 12 months. WTDirect account must be opened and funded via electronic (ACH) transfer received by 6/15/10. Bonus is based upon the lowest daily balance during the promotional period of 6/15/10 – 9/15/10. Bonuses will be paid approximately 2 weeks after the end of the promotional period to clients whose accounts are open and in good standing. Wilmington Trust employees and their family members are not eligible. WTDirect reserves the right to cancel or modify this promotion at any time without notice.
Currently, WTDirect has a 1.16% APY for balances $10K or more, and there is absolutely no fees. You add in with the $500 bonus for $50K deposit, and this is by far the highest rate for 3 months. The account serves as a great hub in between all of your banking accounts with its fast transfer rate and high transfer amount up to $200K per month. There is a 6 withdrawals limit per month, but there is no limit on the number of accounts you can link to your WTDirect account. Another big plus is there is no hard pull on your credit for your WTDirect account application. I would apply for this as soon as possible since the promotion may be taken down “at any time without notice.”