Posted byon July 10, 2009
Previous article: « Our Baby Girl is Here!
Next article: The Automatic Poorhouse »
WTDirect is once again offering a sign up bonus. Lots of readers took advantage of their winter blast promotion back in December. The program is similar, but with lower payouts; we’ll cash in for Free Money Friday.
The amount you earn will be based on the initial funding level. Here is the WTDirect bonus schedule:
Here is more information about WTDirect and the bonus offer:
As always, with a sign up bonus offer that ties up our money, we have to figure out if it’s a good deal.
The WTDirect account earns 1.76% APY for the first 60 days no matter what the balance is. It will stay at 1.76% APY after that as long as you have $10,000 on deposit.
Once you add the interest together with the sign up bonus, you should be able to get almost 2.96% for the three months at the $50,000 level. For the lower levels, it looks like you’ll get 2.76%. The calculations ignore the time it takes to make the ACH transfers.