Experts agree: Your financial plan should include savings of 3-6 months worth of expenses. Just like working out, that’s easier said than done.
Now WTDirect can help you stick to your savings plan and bulk up your savings account. Simply take a few minutes to set up Direct Deposit from your earnings to your WTDirect account.
Act now and receive a $75 BONUS*. All you have to do is maintain a balance of at least $10,000 on July 31 and make direct deposits of at least $300 each month between 7/1/09 – 9/30/09.
Log into your WTDirect account and click on the "$75 Direct Deposit Bonus" link on the Account Summary page. On the next page, click “Yes, let’s get started”. Print out the Direct Deposit form, complete it, and provide the form to your employer. After that it’s automatic, you don’t have to lift a finger. Now that’s being financially fit.
* To qualify for the $75 bonus, your WTDirect savings account balance must be at least $10,000 on July 31 and you must make direct deposits into your account of at least $300 per month during the period 7/1/09 through 9/30/09. Bonus will be credited to your account on or about October 15, 2009. A direct deposit is defined as a recurring and automatic electronic deposit transaction of at least $300 per month initiated by a third party source of income, such as employment, pension or social security income. Direct deposit must be from a source not already being direct deposited into any existing account with Wilmington Trust or its affiliates. Staff members of Wilmington Trust and/or its affiliates are not eligible to participate.
I signed up for this yesterday. The dd form appears not to need to be sent in to WTDirect. In that case I would think any monthly $300 deposit, maybe timed about the same day each month, for July, Aug. & Sept., would work.
From BD: "According to the CSR, $10,000 must remain in the account for those 3 months, and ACH transfers won't count at direct deposit." CSR's have provided inaccurate information before.
"A direct deposit is defined as a recurring and automatic electronic deposit transaction of at least $300 per month initiated by a third party source of income, such as employment, pension or social security income. Direct deposit must be from a source not already being direct deposited into any existing account with Wilmington Trust or its affiliates."
I dont know if it's worth moving in 10k and having direct deposit for just $75. Especially if you need to keep it there for 3 month. I guess the 1.76% APY their savings account pays on the balance would pad your returns some, but still, i'd rather just keep the money in a rewards checking account, and take advantage of some easier bank sign up bonuses.
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