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

Rate Drop At Total Direct Now At 1.30% APY - 5/14/2020

From 1.55% to 1.30% APY https://www.totaldirectbank.com/personal/money-market-accounts

Totaldirectbank 1.55% APY MM $2,500 minium [Not On DA MM List] - 4/23/2020

https://www.totaldirectbank.com/personal/money-market-accounts $2,500 minimum deposit is required to open an account and earn the advertised APY. -No interest will be earned if the balance falls below the Minimum Daily Collected Balance -No transactions allowed by debit/credit card or by check -No maintenance fee(s) -Money market deposit accounts are compounded and credited monthly -If you close your account before interest is credited, you will not receive the accrued interest. Disclosures & Schedule of Fees https://www.totaldirectbank.com/assets/files/8LR4B1Al Dormant Account Fee (monthly fee) $20.00 Temporary Accounts (Accounts Closed within 6 months of opening) $25.00

Totaldirect Bank Flees The 2% Club - 3/5/2020

The Money Market Savings Acct is now yielding 1.85%, down from 2% totaldirectbank.com/

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Easy To Apply

Posted by: |

I was able to apply with my iphone which was great. The technology was very user-friendly and easy to complete in about 3 minutes and I especially liked the fact that I received an instant approval. It's good to see that banks like Total Direct Bank care about the user experience. I will definitely recommend my family and friends to open accounts here.

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.

Good Rate, Ok Signup Process, Avg To Bad Online Account Management

I signed up and when I signed up had a rate better than CITI. Citi now has a better rate. Go figure.

I was able to signup pretty fast, had to go fish for my drivers license.

The online account management after the account opened has like zero functionality, but for a CD, I don't care that much, just so long as when it matures I get my money.

Too Frustrating To Use

There is hardly anything you can do to manage your account online. You have to call (and wait) to get any info or make any changes. You cannot transfer out of this account to another bank. You cannot specify a limit to how they can use your private information in sharing with others--you have to write the bank and send that request via US mail! I am closing my sizable account. (That's the only way I can get my money out). I would not recommend this bank. The hassle more than from any other bank I have ever used.

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Health
A+

Data as of Q4 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
Employees881
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD9.04%
Annual Interest Income$577.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$15.84B$14.33B
LoansQ4 2019vs Q4 2018$10.92B$10.11B
DepositsQ4 2019vs Q4 2018$11.85B$11.29B
Equity CapitalQ4 2019vs Q4 2018$1.89B$1.70B
Loan Loss AllowanceQ4 2019vs Q4 2018$49.0MM$33.9MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$47.4MM$34.3MM
Real Estate OwnedQ4 2019vs Q4 2018$209.00K$432.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Rate Drop At Total Direct Now At 1.30% APY

  |  
From 1.55% to 1.30% APY
https://www.totaldirectbank.com/personal/money-market-accounts

Totaldirectbank 1.55% APY MM $2,500 minium [Not On DA MM List]

  |  
https://www.totaldirectbank.com/personal/money-market-accounts

$2,500 minimum deposit is required to open an account and earn the advertised APY.
-No interest will be earned if the balance falls below the Minimum Daily Collected Balance
-No transactions allowed by debit/credit card or by check
-No maintenance fee(s)
-Money market deposit accounts are compounded and credited monthly
-If you close your account before interest is credited, you will not receive the accrued interest.

Disclosures & Schedule of Fees
https://www.totaldirectbank.com/assets/files/8LR4B1Al

Dormant Account Fee (monthly fee) $20.00
Temporary Accounts (Accounts Closed within 6 months of opening) $25.00

Rates
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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.

TotalDirectBank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$2.5k$500kDirect Money Market Deposit Account

TotalDirectBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$25k$500k12 Month CD
1.30%$25k$500k24 Month CD
1.30%$25k$500k36 Month CD
1.30%$25k$500k60 Month CD
1.00%$25k$500k6 Month CD
0.80%$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.