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Overview / Commentary
877-839-2737
2000 Mckinney Ave, # 700
Dallas, TX 75201

BankDirect, a fast growing Internet-only bank that provides convenient, competitive banking products and services to customers nationwide, went live on the Internet on May 17, 1999 at www.bankdirect.com. BankDirect provides competitive interest checking, savings, and money market accounts as well as certificates of deposit and free bill pay service to customers on the web. BankDirect offers financial control to customers who benefit from the convenience of banking anytime, anywhere. Through a "no-branch" model, BankDirect offers competitive rates and more convenient banking than traditional banks.

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Reviews (1)

Bank Direct delivers when it comes to your financing needs

Posted by: CC242 | Aug 10, 2014

BankDirect assisted me with a finance loan for my insurance premium. Starting a small business with a large insurance premium can be tough, especially when you have to pay the premium in full before binding coverage. BankDirect was able to help me finance the premium and break it out into nine monthly payments. They paid the insurance broker in full and all I had to do was make my monthly premium payment. It greatly reduced the start up cost. The fees and interest were reasonable and I would definitely do business with them again if I needed assistance with my annual premium.



Health
B+

Health Grade Components

Overall
FDIC Certificate #34383
Year Established1997
Employees1437
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD9.07%
Annual Interest Income$705.3MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$21.69B$18.90B
LoansQ4 2016vs Q4 2015$18.30B$16.66B
DepositsQ4 2016vs Q4 2015$17.24B$15.14B
Equity CapitalQ4 2016vs Q4 2015$1.91B$1.70B
Loan Loss AllowanceQ4 2016vs Q4 2015$168.1MM$141.1MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$176.0MM$185.4MM
Real Estate OwnedQ4 2016vs Q4 2015$19.0MM$278.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not BankDirect; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BankDirect Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Savings Account

BankDirect Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$10k-Money Market Account
0.15%*$10k*-IRA Money Market Account
OTHER TIERS: 0.10% Up to $10k
0.15%*$10k*-Roth IRA Money Market Account
OTHER TIERS: 0.10% Up to $10k
0.05%$500-Mileage Money Market Account

BankDirect Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$10k*-Checking Account
OTHER TIERS: 0.05% $2,500 - $10k
0.01%$2,500-Mileage Checking

BankDirect CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$10k-36 Month CD
1.45%$10k-36 Month Commercial CD
1.22%$10k-12 Month CD
1.22%$10k-24 Month CD
1.22%$10k-12 Month Commercial CD
1.22%$10k-24 Month Commercial CD
1.15%$10k-30 Month CD
1.15%$10k-30 Month Commercial CD
0.40%$10k-90 Day CD
0.40%$10k-90 Day Commercial CD
0.25%$10k-18 Month CD
0.25%$10k-48 Month CD
0.25%$10k-60 Month CD
0.25%$10k-18 Month Commercial CD
0.25%$10k-48 Month Commercial CD
0.25%$10k-60 Month Commercial CD
0.20%$10k-6 Month CD
0.20%$10k-6 Month Commercial CD
0.10%$10k-6 Month Mileage CD
0.10%$10k-12 Month Mileage CD
0.10%$10k-24 Month Mileage CD

BankDirect IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-12 Month IRA
0.25%$1k-18 Month IRA
0.25%$1k-24 Month IRA
0.25%$1k-30 Month IRA
0.25%$1k-36 Month IRA
0.25%$1k-48 Month IRA
0.25%$1k-60 Month IRA
Locations

BankDirect is an Internet only bank and does not have branch locations. Its headquarters is located at 2000 Mckinney Ave, # 700 - Dallas, TX 75201