WTDirect, the online banking division of Wilmington Trust Federal Savings Bank is offering a competitive savings account rate. The savings account currently has a savings rate of  1.25 percent and an annual percentage yield (APY) of 1.26 percent.

The savings rate and yield is more than double the national average for accounts with balances of $10,000 or more. There is no minimum opening savings account deposit but in order to receive the rate and APY, after the first two months you must have a minimum balance of $10,000.

WT Direct Savings Account Benefits:

• No account fees.
• No minimum deposit to open the account.
• $0 Liability Guarantee for unauthorized transactions on your account.
• FDIC insurance for up to $250,000 per depositor with Wilmington Trust FSB.
• Their online banking access is easy to use.
• Free mobile banking, you can access your account from devices like an iPhone and Blackberry.

WTDirect was one of the first high-yield online savings accounts available. Wilmington Trust Federal Savings Bank has been around for over 106 years.

WTDirect Online Savings Account: WT Direct Savings Account