Wilmington Trust - 3.35% APY - Emigrant/ING Clone?

xavier2000 said: It is time for the Dutch to get off their Orange *$$ and up their APY!

Publically traded under WL

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."

kag said: fees

edit: fixed link

Is this for wilmingtontrust, or their new savings website (seems like a seperate business like emigrant direct)?

Is the interest cumulated daily or monthly, if its monthly, then emigrant and this don't have much difference at all.

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

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.

wiredspider said: I see

*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.

I guess i will wait on this until someone else signs up

As for emigrant, how is transfering funds to other accounts? (comparison to ING)

I have an ING and ED account

Transfer of fund is not as "pretty" as ING, but fully functional(one time push, one time pull, and repeating). Also ED seems to be a bit quicker(by 1 business day) than ING(someimes 2 days to complete the transfer)

You set up external accounts the same way - send in a check from the external bank you want to have listed and write something specific(i forget the verbiage) in the memo area.
I think ED limits you to 2 external links

Now that the interest rate(apy) are within .1%(3.25 v 3.15), it matters much less. It is useful to have both since ACH transfers are free.

I am thinking of a presidental or lockheed CU account to get the 3.75-4% yield, but I would need to open checking accounts with them to allow me to ach in and out ing or ed.

many people seem to have this tho
jon