WT Direct, the online division of Wilmington Trust Federal Savings Bank (NYSE: WL), is offering a 1.41% APY High-Yield Savings Account.

Customers opening an account will earn 1.41% APY on their money if they have a balance of $10,000 or more. If a customer’s account drops below the $10,000 limit, their rate of return will drop to 0.15%. WT Direct does offer a guarantee that you will earn the top interest rate of 1.41% APY for the first 60 days regardless of your balance, after that 60 day period is up, your rate will stay at 1.41% APY if your balance is above $10,000 or drop to 0.15% if your balance is below $10,000.

One of WT Direct’s attractive features is that it offers higher online transfer limits than other banks. Consumers can transfer up to $500,000 per month into their account and $500,000 out of their account with a maximum of $200,000 per transfer. Per Federal law, depositors can make an unlimited number of deposits and make up to 6 withdraws per month. WT Direct does not block external ACH transfers.

The bank requires no minimum deposit to open the account and charges its customers no monthly account fees; however there are fees for returned items, stopped payments, incoming wire transfers and other non-standard activities.

Wilmington Trust Federal Savings Bank, the parent organization of WT Direct, is a FDIC insured institution. Wilmington Trust FSB is part of Wilmington Trust Corporation, which is publically traded on the New York Stock Exchange. Currently, Wilmington Trust Corporation employs over 2,500 people. Both Wilmington Trust Corporation and its Wilmington Trust FSB have been evaluated by Bankrate’s “Safe and Sound” rating system and have each earned a 3-star “performing” rating.

WTDirect’s Routing Number is 052173464.