TotalDirectBank

Deposits held and insured by City National Bank (FL)

Overview / Commentary
888-682-2881
25 West Flagler Street
Miami, FL 33101
Deposits held and insured by City National Bank (FL)

Related Posts

Totaldirectbank Money Market Rate Drops - 11/16/2019

TotalDirectBank Money Market rate drops from 2.35% to 2.25%.

TotalDirectBank CDs Are Rate Leaders - 24-Month, 2.60% APY - 11/12/2019

TotalDirectBank (internet bank) currently offers very competitive CDs ($25k min): 12-month (2.36% APY), 24-month (2.60% APY), and 36-month (2.60% APY).

TotalDirectBank's Money Market Earns 2.35% APY - 9/26/2019

TotalDirectBank's (internet bank) Direct Money Market Deposit Account currently offers 2.35% APY on balances between $50k and $500k. $50k min opening deposit.

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Smooth Sailing During Initial Process

Posted by: |

Just opened an account after doing some major research because I had not heard of them before. I am an elderly person looking for a solid account with my wife as joint and need to ensure my money is safe!! They are indeed FDIC insured by a parent company, City National Bank of Florida. I called and asked some questions about their deposit and withdrawal policy. The rep was clear and provided the answers that I needed. Setting up an account online was, in my opinion, straightforward and very similar to other banks I've used in the past. I've had terrible situations with bank's that I've had no prior experience with. A big red flag for me is a customer rep that seems annoyed at my questions! We will see how things go with Total Direct Bank as I continue my relationship with them. So far they have the second best CD rate on the list and I felt they are doing a good job of presenting themselves. I will update my comment if my experience later on changes from my initial one.

Great Newcomer To Direct Bank Market

TotalDirectBank is a welcome addition to the direct banking landscape.

They have come a long way over the last year since their launch! I opened an eCD back then and the process has improved a lot. The new eMM product and application process were great. Love the #1 rate.

I also appreciate that it’s very easy to call them and talk to a real human being!

I Got Lucky...Finally

I had a CD with discover and they kept giving me the runaround. When I tried to pull the CD the customer service dept. told me that they would give me a better rate to keep it. I agreed and guess what? MY RATE NEVER CHANGED! My CD wasn't even showing on my online banking acct. CONVENIENTLY, as soon as the renewal window for the CD was over, it was showing again on my dashboard. I expected better from a HUGE bank ranked highest in client satisfaction by JD Power!!! SOOO, I was FINALLY able to pull my money and took a gamble on Total Direct Bank based on the reviews and so far I have to say I am content. MUCH BETTER RATE ANYWAY! I may have to call in but I am fine with it so long as I get what I want. Just my opinion. Good luck.

Do Not Bank With Them

There are many better banks to do business with.
They took the money out of my account before they approved the account. They said they want my business bank accounts and statements. Seems like a scam to me. Cancel the transfer. Don't do business with them. They said they want the info to get to know me. Scam

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Health
A+

Data as of Q3 2019

Data displayed below is for insuring bank: City National Bank (FL)
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #20234
Year Established1970
Employees855
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD9.01%
Annual Interest Income$436.6MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$15.25B$13.95B
LoansQ3 2019vs Q3 2018$10.70B$10.03B
DepositsQ3 2019vs Q3 2018$11.56B$10.66B
Equity CapitalQ3 2019vs Q3 2018$1.85B$1.67B
Loan Loss AllowanceQ3 2019vs Q3 2018$43.3MM$25.8MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$35.0MM$45.2MM
Real Estate OwnedQ3 2019vs Q3 2018$0$412.00K
Rates
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TotalDirectBank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$2.5k$500kDirect Money Market Deposit Account

TotalDirectBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$25k$500k60 Month CD
2.15%$25k$500k36 Month CD
2.10%$25k$500k24 Month CD
2.05%$25k$500k12 Month CD
1.85%$25k$500k6 Month CD
1.75%$25k$500k3 Month CD
Locations

TotalDirectBank is an Internet only bank and does not have branch locations. Its headquarters is located at 25 West Flagler Street - Miami, FL 33101

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.