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WTDirect $50 to $250 Signup Bonus

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

  1. Open a new WTDirect [1] savings account and use the code WTG3DNC.
  2. Link your new account to your existing bank account.
  3. Fund the account by December 22, 2008 December 31, 2008.
  4. 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


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!