Related Posts
7/25 - TotalDirectBank Bumps Up Direct Money Market Deposit Account Rate
6/13 - TotalDirectBank Direct Ups Short-Term CD Rates
5/27 - TotalDirectBank Direct Money Market Deposit Account Rate Bounces Back
5/10 - Money Market Accounts 4.95% APY
3/26 - Money Marcet APY Is Down To 4.5%
3/21 - TotalDirectBank Direct Money Market Deposit Account Is New Rate Leader
3/20 - Money Market Is Up To APY 5.05%
8/26 - Total Direct Bank Raises Rate On Money Market Account
8/14 - Totaldirectbank MM Increased To 2.00% APY
4/23/20 - Totaldirectbank 1.55% APY MM $2,500 minium [Not On DA MM List]
3/5/20 - Totaldirect Bank Flees The 2% Club
11/16/19 - Totaldirectbank Money Market Rate Drops
11/12/19 - TotalDirectBank CDs Are Rate Leaders - 24-Month, 2.60% APY
9/26/19 - TotalDirectBank's Money Market Earns 2.35% APY
9/8/19 - Direct Money Market Deposit Account, 2.35% APY
2/11/19 - Totaldirect 12 Month CD Up To 2.82%!
1/24/19 - Rate Drop On 12 Month CD
1/10/19 - Totaldirect 12 Month CD Up To 2.91%!
Puzzling That It Omits Florida From The Special!
Many banks limit their specials to the geographic area they are located in. Total Bank EXCLUDES their home area. Doesn't make any sense??? Puzzled in Fla!
Telephone Wait Times Are Terrible
Total Direct raised their Money Market rates to the highest in the nation on 8-26-22 and management had no conception of the chaos that would ensue. I tried to reach them over the phone on 3 different days and hold times have exceed one hour, with still no one with whom to talk.
Their Strategy--Delay And Then Steal
Total Bank unnecessarily delayed opening a CD account then, after doing so, stole the interest due on my Money Market account rightfully earned while the CD was pending. Their terms and conditions purportedly call for forfeiture (i.e. the bank STEALS) of interest when the account is emptied mid-month. Strongly advise against dealings with their sticky-fingered policies. Also, their third-world customer service agents are actually employed by Citibank. Clearly they prefer to save a nickel rather than ensure the confidentiality of their customers' accounts.
6-Month CD - Interest Rate Of 5.601%
For your 6-Month CD, we are currently offering an interest rate of 5.601% with an annual percentage yield of 5.76%.
Data as of Q3 2024
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20234 |
| Year Established | 1970 |
| Employees | 946 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 2.34% |
| Annual Interest Income | $960.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $26.19B$26.04B |
| Loans | Q3 2024vs Q3 2023 | $17.91B$17.48B |
| Deposits | Q3 2024vs Q3 2023 | $20.71B$21.48B |
| Equity Capital | Q3 2024vs Q3 2023 | $2.57B$2.13B |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $177.5MM$140.4MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $116.6MM$128.9MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $15.8MM$0 |