BankDirect
BankDirect is a mid-sized bank headquartered in Dallas, TX. This bank is an internet bank and does not have local branches. BankDirect has deposits of $3.7 billion, and was established in October 1997.
This bank is FDIC insured - all deposits are protected for up to $250,000. Products offered by the bank include: BankDirect CD, IRA CD, IRA MMA, Money Market Plus, Regular Savings and Interest Checking.
Current BankDirect Rates
| Name | Term | APY | Min Deposit | |
| BankDirect CD | 3 months | 0.10 % | $10,000 | |
| 6 months | 0.20 % | $10,000 | ||
| 1 year | 0.25 % | $10,000 | ||
| 18 months | 0.25 % | $10,000 | ||
| 2 years | 0.25 % | $10,000 | ||
| 30 months | 0.25 % | $10,000 | ||
| 3 years | 0.25 % | $10,000 | ||
| 4 years | 0.25 % | $10,000 | ||
| 5 years | 0.25 % | $10,000 | ||
| IRA CD | 1 year | 0.25 % | $1,000 | |
| 18 months | 0.25 % | $1,000 | ||
| 2 years | 0.25 % | $1,000 | ||
| 30 months | 0.25 % | $1,000 | ||
| 3 years | 0.25 % | $1,000 | ||
| 4 years | 0.25 % | $1,000 | ||
| 5 years | 0.25 % | $1,000 |
About BankDirect
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.
BankDirect serves customers throughout the United States from its web site as well as its Client Support and Operations center located in Dallas, Texas. BankDirect is the national Internet banking division of FDIC - insured Texas Capital Bank, a nationally chartered bank. Texas Capital Bank, is the principal subsidiary of Texas Capital Bancshares, Inc. (Nasdaq: TCBI), which was founded in December 1998 with the largest start up capitalization in U.S. banking history.
BankDirect targets customers in all 50 states who seek competitive rates, increased personal convenience and enhanced service.
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