WTDirect lowers rate
As of January 21st, WTDirect’s Savings Account rate is 2.81% APY (down 0.25% from it’s previous 3.06% APY level. However, this rate still remains in the top 5% of all banks and remains extremely competitive.
Most of us saw this rate drop coming due to the recent Fed rate cut as well as the lingering recession. BankVibe’s updated list of highest yielding online savings accounts shows that E-Trade now holds the #1 spot with an APY of 3.01%.
WTDirect is a member of the Wilmington Trust family of companies (NYSE: WL) (up 5% today). They are a financial services holding company that provides a variety of banking and financial services. Most notably, they provide wealth advisory services for high-net-worth clients in 22 countries, and corporate client services for institutional clients in 81 countries. Its wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware.
Recent Press Releases for WTDirect:
WTDirect Implements Tighter Security Measure So Clients Can Save with Confidence
Wilmington Trust Fourth Quarter 2007 Earnings Announcement
WTDirect Sponsors Dressage at Devon 2007 and Encourages Saving for a Good Cause
WTDirect Finds Savers Are Sticking to Savings Strategy During Economic Turbulence
As Fed Meets, Survey Shows Savers are Confident About Their Financial Health to Weather Any Storm
WTDirect’s High Interest Online Savings Account Attracts Serious Savers Seeking Personal Service and Flexibility for Large Balances
January 21st, 2009 at 4:41 pm
Do you think E-Trade will follow suit and lower their rates shortly? I noticed that most of these online banking institutions tend to move together…