Comments on: WTDirect $150 Account Promotion Bonus

By: eric

eric — Tue, 14 Jul 2009 23:53:15 +0000

Let me get that 50K from under my mattress…

By: Andrew

Andrew — Thu, 09 Jul 2009 16:24:27 +0000

My credit union pays 3.51% on up to $25K if you use your debit card 10 times a month, get direct deposit of your paycheck or Social Security or pay one bill through a pull rather than a push, and get your statements on line. They also refund up to $25/month in ATM fees without you having to even ask for it. But you have to live in Fort Wayne, Indiana (I don’t) or be related to someone who is a member (I am). I believe there’s another credit union in the San Francisco Bay Area offering an otherwise-identical deal at 3%, which I might do with the next $25K.

By: Brandon

Brandon — Thu, 09 Jul 2009 11:54:29 +0000

@shum, I think they would be a smart person. What would you suggest they have their money in?

My calculation is that after 1 year you would have $51032.64 with WTDirect and $51126.25 with Everbank btw.

After 3 months it would have been $50370.66 for WTDirect and $50376.25 for Everbank.

Thus, Everbank is the best bet it looks like since all the other bonuses are maximally .25% compared to the .3% of $50k.

By: Lucy

Lucy — Thu, 09 Jul 2009 01:52:18 +0000

Those are crazy high initial deposits. Unfortunately, I haven’t gotten to the stage in life where I can easily allocate $50k like this.

By: shum

shum — Thu, 09 Jul 2009 01:31:12 +0000

wow, who would have $50,000 in their bank anyway? in a time like this…..

By: jillianlou

jillianlou — Thu, 09 Jul 2009 01:04:48 +0000

It’s not really a nice promotion at all – if you have $50,000 in the bank, $150 isn’t much at all. Also, I would hope you wouldn’t have $50,000 just floating around in cash…