WT Direct $150 Savings Account Bonus
WT Direct is offering a free $150 bonus when you open a savings account by July 31st, 2009. To qualify you must be a new WTDirect customer and must fund your checking account by July 31st. You must deposit at least $50,000 and maintain at least that amount until October 31st, 2009 in order to collect on the $150 bonus. If you deposit and maintain a $10,000 balance you get a $25 bonus. You also must enter in the promo code of “wfitc32_1760738”.
Their savings accounts currently have a rate of 1.76% APY. If you deposit the $50,000 and collect on the $150 bonus, the effective APR of the 3 month time period would be about 3% which is a pretty damn good deal.
Therefore, you can treat this bonus as a 3-month CD paying 2.75 to 3% APY, which is more than 1% higher than any other available 3-month CD.
There’s no credit check when you open an account and everything is done electronically. You don’t need to send in any forms to open an account with WT Direct.