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From their site:
Good: There is no restriction on the number of accounts that you can use to transfer funds.
Bad: As with any savings account, banking regulations mandate that only six preauthorized, automatic, computer, or telephone transfers can be made from your Instant Access Savings On-Line account to another account per calendar month or statement cycle (or similar period) of at least four weeks.
Message edited by: Plato on 2005-07-12 12:47:09 CDT
I wish ING would clone their way to 3.25% or so. A quick look seems like this is a clone...albeit maybe a tad strict. Can't mail in payments other than the first one. It is time for the Dutch to get off their Orange *$$ and up their APY!
xavier2000 said:I wish ING would clone their way to 3.25% or so. A quick look seems like this is a clone...albeit maybe a tad strict. Can't mail in payments other than the first one. It is time for the Dutch to get off their Orange *$$ and up their APY!
from yahoo finance "The company’s investment portfolio includes mortgage-backed securities and collateralized mortgage obligations, U.S. treasuries, corporate issues, U.S. government agencies, money market preferred stocks, municipal bonds, and others. As of December 31, 2003, the company had 49 branches. Wilmington Trust is headquartered in Wilmington, Delaware."
There is no minimun balance or fees for this 3.35% savings account.
And to the poster who said the 6 transfers can be made out of the account, it's a banking regulation, so it applies to all such accounts, not just for Wilmington Trust.
Seems like they have terrible unquilified customer service
Thank you for contacting Wilmington Trust.
In response to your questions: 1) Do you make soft or hard credit checks? 2) How many external accounts can I link?
Your questions may be better answered by someone directly in our Financial Services Division. They may be reached on 1-800-814-8386.
If you have any additional concerns or wish to speak with a Online Banking Service Representative, please contact us. We have Representatives here from Monday through Friday, 8:30 AM until 11:00 PM and Saturdays from 9:00 AM until 1:00 PM.
The phone number for all your On-Line Banking concerns is 1-877-982-5483.
Sincerely,
Mark Matthews Online Banking Representative Premier Services Team Wilmington Trust Company
As a Delaware resident I can say that Wilmington Trust is a pretty well respected B&M bank around here. I wouldn't say that they typically have the best rates/lowest fees, etc so I'm actually kind of shocked that they would offer such a good rate here. It's possible they're trying to make a play to get into a larger market outside of DE with this. They've been around for a long time so no worry they're going to run off w your money or anything crazy like that. All in all, probably a safe bet but I wouldn't xfer for an extra .10.
SoulAssassin said:As a Delaware resident I can say that Wilmington Trust is a pretty well respected B&M bank around here. I wouldn't say that they typically have the best rates/lowest fees, etc so I'm actually kind of shocked that they would offer such a good rate here. It's possible they're trying to make a play to get into a larger market outside of DE with this. They've been around for a long time so no worry they're going to run off w your money or anything crazy like that. All in all, probably a safe bet but I wouldn't xfer for an extra .10.
Pretty much exactly what I was going to say. I know none of my current savings type account at WT have a rate anywhere near this! It's typically more like .35% rather than 3.35%. Since I already have accounts there, going to see if I can transfer into this rate.
*3.35% Annual Percentage Yield. Rates are variable and may change at any time. Rates as of 6/20/05. $1 Minimum Opening Deposit. This special rate is available to our Instant Access Savings On-Line Clients. Account opened by Wilmington Trust FSB, a wholly-owned subsidiary of Wilmington Trust Corporation.
Seems like they could possible get a lot of clients then drop the rate...
*3.35% Annual Percentage Yield. Rates are variable and may change at any time. Rates as of 6/20/05. $1 Minimum Opening Deposit. This special rate is available to our Instant Access Savings On-Line Clients. Account opened by Wilmington Trust FSB, a wholly-owned subsidiary of Wilmington Trust Corporation.
Seems like they could possible get a lot of clients then drop the rate...
Standard writing... said about the same thing with emigrant direct
SoulAssassin said:As a Delaware resident I can say that Wilmington Trust is a pretty well respected B&M bank around here. I wouldn't say that they typically have the best rates/lowest fees, etc so I'm actually kind of shocked that they would offer such a good rate here. It's possible they're trying to make a play to get into a larger market outside of DE with this. They've been around for a long time so no worry they're going to run off w your money or anything crazy like that. All in all, probably a safe bet but I wouldn't xfer for an extra .10.
I agree. They have been around for 100 years or so, and as with everything from that time period around here, it was started by the duPont family. Back in the day when I opened a checking account with them, I was annoyed by their nickel and diming. But then, they have the best ATM/branch network in wilmington/newark area.
jeeves said:SoulAssassin said:As a Delaware resident I can say that Wilmington Trust is a pretty well respected B&M bank around here. I wouldn't say that they typically have the best rates/lowest fees, etc so I'm actually kind of shocked that they would offer such a good rate here. It's possible they're trying to make a play to get into a larger market outside of DE with this. They've been around for a long time so no worry they're going to run off w your money or anything crazy like that. All in all, probably a safe bet but I wouldn't xfer for an extra .10.
I agree. They have been around for 100 years or so, and as with everything from that time period around here, it was started by the duPont family. Back in the day when I opened a checking account with them, I was annoyed by their nickel and diming. But then, they have the best ATM/branch network in wilmington/newark area.
Wow, 3 Delawhere people in the thread...two more and that's everyone.
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