WTDirect [1] is offering up to $250 in their Winter Bonus blast promotion. Since it’s Free Money [2] Friday, it’s time to cash in!
How to Get Your Signup Bonus
- Open a new WTDirect [1] savings account and use the code WTG3DNC.
- Link your new account to your existing bank account.
- Fund the account by
December 22, 2008December 31, 2008. - Get your bonus in March.
Update: The offer has been extended until December 31, 2008.
Amount of the Bonus
The amount you earn will be based on the average balance from Jan. 1 2009 – Feb. 28, 2009. Here is the WTDirect [1] bonus schedule:
| Balance | Bonus |
|---|---|
| $10,000 | $50 |
| $20,000 | $100 |
| $30,000 | $150 |
| $40,000 | $200 |
| $50,000 | $250 |
WTDirect
Here is more information about WTDirect [1]:
- FDIC Insured.
- No fees.
- No minimum deposit to open the account.
Doing the Math
While the WTDirect [1] account requires more than a typical bank offer, it’s a pretty good deal. The account earns 3.06% APY for the first 60 days no matter what the balance is. And as long as you have $10,000 to earn a bonus during the promotional period, you’ll earn the 3.06% plus the bonus.
Add the signup bonus and the interest together and you should be able to clear about 6% over the two months, clearly beating other High Yield Savings Accounts [3].
If you have a CD ladder [4] that has a renewal this month, have some credit card arbitrage [5] money sitting around, or even an emergency fund this is the best place I’ve seen to park it for the next two months!