Totaldirect, A Division Of City National Bank Of Florida
Online Savings Account - 4.86% APY
• Minimum amount to open Direct Money Market Deposit Account is $2,500.
• A $2,500 daily balance required to earn the disclosed Annual Percentage Yield (APY).
• No maintenance fee(s).
• Online transfer of funds using the external bank account.
• No transactions allowed by debit/credit card or by check.
• Fees may reduce earnings on the account.
• Unlimited deposit transactions, and up to six withdrawals and transfers per month.
• The maximum amount allowed per client is $500,000.
Fee and Feature Guide
|
Savings Account |
| Interest Rate |
|
| APY |
4.86% |
| Minimum deposit amount |
$2,500.00 |
| Maximum deposit amount |
$250,000.00 |
| Balance Requirements |
|
| Minimum Opening Deposit |
$2,500.00
|
| Minimum Balance to Avoid Fees |
$0.00 |
| Minimum Required Balance |
$2,500.00 |
| Minimum To Earn |
$0.00 |
| Fees |
|
| Monthly Maintenance Fee |
N/A |
| Foreign ATM Fees |
N/A |
| Insufficient Funds Fee |
$37.00 |
| Incoming Wires |
$15.00 |
| Statements |
|
| Paper Statements |
Yes |
| Online Statements |
Yes |
| Online and Telephone Banking |
|
| Online Banking |
Yes |
| Telephone Banking |
Yes |
| Mobile Banking |
Yes |
| Deposit Checks with Mobile Device |
Yes |
| Free Bill Pay |
Yes |
| Online Bill Payments Required |
Yes |
| Account Opening |
|
| Open Online |
Yes |
| Insured by |
F.D.I.C.
|
Pros
- City National Bank of Florida, TotalDirect's parent, is owned by Banco de Crédito e Inversiones, a Chilean bank.
Cons
- Users complain of customer service that is impossible to reach by phone or online, and difficulties with transfers.
- Accounts are not permitted for residents of Florida, Puerto Rico, American Samoa, Guam, Northern Mariana Islands and the US Virgin Islands
Recent Rate Changes
|
Date
|
APY
|
|
December 4, 2024 |
4.86%
|
|
November 16, 2024 |
5.01%
|
|
October 17, 2024 |
5.11%
|
|
August 20, 2023 |
5.26%
|
Customer Reviews for TotalDirect, a division of City National Bank of Florida
79Thru
March 21, 2023 |
Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment.
Is this review helpful? Yes:2 / No: 0
james
August 31, 2022 |
you can view but you wont get in. application can't go through, they can't help even you called, Bank just make show they exit.
Is this review helpful? Yes:2 / No: 1
SandyB
August 25, 2020 |
Bank is owned by a Florida bank and yet I wasn't able to open an account because I live in Florida. Go figure!
Is this review helpful? Yes:5 / No: 0
jason petro
December 1, 2019 |
It says: "Please note: TotalDirectBank can conduct business anywhere in the US with the exception of California, Florida, Puerto Rico, American Samoa, Guam, Northern Mariana Islands, Puerto Rico and US Virgin Islands." Nice of them to say twice that they won't do business with people from PR!
Is this review helpful? Yes:3 / No: 4
annoyed
November 7, 2019 |
More than a handful of annoying things but I finally go the account opened. It won't work for you if you live in Florida, California, Hawaii, Guam, etc.
Is this review helpful? Yes:5 / No: 0
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