Wilmington Trust’s online branch–WT Direct–is offering a fairly competitive 5.15% APY on their high yield online savings account. The minimum balance required for this rate is $10,000; any balances from $1-$10,000 will earn 5.15% APY for the first 60 days. If your balance is lower than $10,000 after the first 60 days, the interest rate drops to a low 0.60% APY. The WTDirect savings account has no minimum balance fees or online transfer fees. WTDirect does not do a hard credit pull when opening your account.

6 free transfers are available per month, and you are allowed an unlimited amount of linked external accounts. Transfers typically take 3-5 business days, and interest continues to accrue until the funds actually leave your account. Interest is compounded daily and will be credited to your savings account monthly. The daily balance method is used to calculate interest on your account.

WTDirect has FDIC insurance on every account with Wilmington Trust FSB, which protects your money up to $100,000 per depositor. Bankrate.com has given WT Direct a review of 4/5, which is a safe and sound rating. For more information, call their customer service hotline at 1-800-WTDIRECT or visit their savings account website here.