WTDirect is among the top five percent of U.S. banks for savings rates, and they even give you a chance to test drive the account with no risk to yourself.

At the time of this writing, opening a savings account with WTDirect gives you a return of 1.66 APY for the first two months no matter how much you put in the account to begin with. Once that two-month period is over, you then must maintain a minimum of $10,000 in the account to get the highest savings rate.

That’s a nice feature because a number of banks bring down the interest rate in a savings account as the account gets bigger.

There is also no restrictions on needing have a checking account with the company in order to have a savings account with a higher interest rate. Another nice feature is there is no minimum amount needed to open or maintain an account, and no fees regardless of how much money you have in it.

Also included is the current FDIC guarantee of up to $250,000 for your savings. As with all U.S. FDIC-guaranteed accounts, that will revert back to $100,000 as of January 1, 2014.

What’s nice about this for savers, depending on how you like to do your banking business, is this is one of those built-in savings accounts which can work good for those not concerned over moving their money in and out of an account. For two months you can get a good return with no minimum amount in the account, and no fees.

And if you like your experience, and have $10,000 available, you can always just keep your money in the WTDirect savings account if you choose to in order to get the higher interest rate.

You are also allowed to transfer any of your funds between your WTDirect savings account and other financial institutions you use; something not all banks allow.

A popular choice for today’s savings plan include using an online savings account. If you are looking for a flexible online savings account that allows access to your account and your money at any time,  you may be interested in the services of DollarSavingsDirect.com. The Dollar Savings Account is an FDIC insured, online baking option that offers a high annual percentage rate, currently at 2.25%. The APR is flexible and may change at anytime due to the conditions of the market.

Account Advantage
One of the advantages of the Dollar Savings Account is the fact that there are no charges or service fees incurred by account holders. For every penny you deposit into your Dollar Savings Account, you get to keep instead of paying back in fees. One of the account requirements is accounts must maintain a $1,000 minimum balance.

How to Apply
To open a Dollar Savings Account, you visit the website and click on the Open Now! Tab. Account holders must be at least 18 years of age, be able to provide a social security number, possess a legal address in the United States, and have a personal checking account in a US bank. Once the account has been opened and approved, you can either make your initial deposit by transferring funds from your checking account or by mailing in a paper check. Checks can only be used for initial deposit and all other transactions must be made electronically. Transferring of funds generally takes 2-4 business days to be complete. Transfers can be completed on a one-time basis or can be set up to happen on a reoccurring basis. Direct deposits are also accepted.

Account Convenience
The Dollar Savings Account is convenient and available online 24/7 so you can monitor your account whenever you want to. You can easily make deposits by automatically linking a checking account to your Dollar Savings Account. This also allows you to withdraw funds from the online account and have then deposited right into your checking account. Each account can be linked to a total of two checking accounts. Your account statement is available at any time online and are available for a period of up to 24 months. All account statements are issued every month.

If you are looking for a reliable online savings account with flexibility and no fees, check out and apply for an account at DollarSavingsDirect.com where you can earn higher than average interest rates on all of your deposits.

Available now is a high-yield savings account from WTDirect.  WTDirect is a division of Wilmington Trust FSB of Baltimore Maryland.   Founded in 1903, the Wilmington Trust family of companies maintains offices in the U.S. as well as abroad and employs 2,500 people.  Including their affiliate money managers they have more than $48.1 in managed assets.  They pride themselves on their long-term growth strategy and stability while minimizing volatility.

This high-yield savings account features an interest rate of 3.31% APY with a balance that is built up to $10,000 after 60 days.  Otherwise, the rate drops to .50%.  There is no minimum to open the account.

You can make unlimited deposits and up to six withdrawals per calendar month or monthly statement cycle.  You also can transfer money between WTDirect and your other financial institutions.  There are no transaction or inactivity fees.  And, no checking account is required in order to obtain the high rate.

WTDirect has a $0 Liability Guarantee with restrictions in the event of an unauthorized transaction on your account.

There is only one caveat to this account buried in the fine print:  “You understand and agree that we may from time to time impose additional charges in connection with your Bank to Bank Transfer transactions. We will notify you of such fee in advance of the transaction. If you choose to proceed with the transaction, you authorize us to debit your account in the amount indicated.”  These institutions almost always provide for activities such as these, but it is better knowing about them up front.  Read the account details before you open an online savings account with any institution.