WTDirect.com is offering cash bonuses for opening a savings account with them by 09/05/08.

The account will earn 3.31% APY which is just ok

Depending on how much money you keep in your account, your bonus value is different
- $100 Bonus for balance between $10000 - $14999
- $150 Bonus for balance between $15000 - $19999
- $200 Bonus for balance between $20000 - $24999
- $250 Bonus for balance over $25000

Hold your account balance for 60 days to get the bonus

- Link to Offer (http://www.tkqlhce.com/click-683153-10578737)
- Coupon Code : WTF3SOB

Depending on how much money you keep in your account, your bonus value is different
- $100 Bonus for balance between $10000 - $14999
- $150 Bonus for balance between $15000 - $19999
- $200 Bonus for balance between $20000 - $24999
- $250 Bonus for balance over $25000


So, you basically get a 1% bonus, on top of the 3.31%

That's still only okay, but better than most.

well, not really 1%... on top of 3.31%
it's more like one time of payment of 12%APR + 3.31%apr.
you can't compare it to 3.31%apr.
u know what i mean?

yea i agree, it's almost 1% up front so u dont have to wait for it. i think its a great deal if you dont mind going thru the hassel of making $250 in 2 months.

Thanks Spoofee.....nice deal.....you get a bonus
and higher interest rate then my Vanguard Prime Money Market
that pays only 1.88%.

I sense a free motherboard and cpu upgrade coming.

well, not really 1%... on top of 3.31%
it's more like one time of payment of 12%APR + 3.31%apr.
you can't compare it to 3.31%apr.
u know what i mean?

Ok, my wording was poor - you do, in fact, get a 1% bonus (approximately) after 2 months, although it is NOT a 1%apr bonus. I guess I didn't make that distinction very clear.

this may be a stupid question. But in light of several banks failing recently, is it safe to do business with these internet banks?

this may be a stupid question. But in light of several banks failing recently, is it safe to do business with these internet banks?

I have had my money in an INGdirect account for about 3 years and have earned a poop-load of interest...ten times what I was getting in the standard savings account, and about triple what I was getting in the credit union.

Anyway, all online banks should be FDIC insured up to the standard 100,000, and I wouldn't look twice at a bank that isn't. I'm no financial guru, but I do my homework on this type of stuff and feel pretty safe keeping my money there. Now, I can't say anything for or against WTDirect, because this is the first I've heard of them, but do your homework and start with just a little investment....if you feel safe with their security, give them a little more.

Well, from what I can tell, WTDirect is just an internet branch of a regular bank called Willmington Trust and they are setup like other internet branches of regular banks. FDIC insured to $100k so as long as the FDIC stays solvent I'd think you're ok with them.

I have several online savings accounts that I keep money in with the highest being 3.3% and others at 3% so this deal is ok if you're willing to keep $10k in the account. Go below that and they only pay .5% after 60 days. Since other online banks (e.g. emigrantdirect.com) don't have this restriction and pay the same rate, this deal is really only good because of the bonus. I think I'll probably pass on this deal because of the 60 day restriction to get it. Need my money more liquid for investing in the market.