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!
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!
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.
Not only did I have to supply a photo ID in the appliation process, but I also had to provide pictures looking left and right. I felt as if I was going to jail next, so I picked up my deposit and ran.
Overall | |
---|---|
FDIC Certificate # | 20234 |
Year Established | 1970 |
Employees | 919 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.63% |
Return on Equity - YTD | 7.53% |
Annual Interest Income | $1.17B |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2023vs Q4 2022 | $26.14B$25.26B |
Loans | Q4 2023vs Q4 2022 | $17.42B$16.56B |
Deposits | Q4 2023vs Q4 2022 | $21.04B$20.25B |
Equity Capital | Q4 2023vs Q4 2022 | $2.37B$2.04B |
Loan Loss Allowance | Q4 2023vs Q4 2022 | $134.1MM$138.8MM |
Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $81MM$46.2MM |
Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not TotalDirectBank; we are a rate comparison website and cannot provide official rates or promotions.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
5.26% | $2.5k | $1m | Direct Money Market Deposit Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
5.51% | $25k | $1m | 3 Month CD | |
5.51% | $25k | $1m | 6 Month CD | |
5.35% | $25k | $1m | 12 Month CD | |
4.34% | $25k | $1m | 24 Month CD | |
3.56% | $25k | $1m | 36 Month CD | |
3.05% | $25k | $1m | 60 Month CD |
TotalDirectBank is an Internet only bank and does not have branch locations. Its headquarters is located at 524470 - Miami, FL 33152-4470