SOURCE: Credit Karma

March 08, 2010 06:00 ET

Credit Karma Teams Up With WTDirect to Announce Savings Account Offer

Exclusive Savings Rate and Possible $600 Bonus

SAN FRANCISCO, CA--(Marketwire - March 8, 2010) -  Credit Karma (www.creditkarma.com), the consumers' credit advocate, today announced an exclusive offer for its members from WTDirect, which offers a high-yield online savings account. As part of the offer, Credit Karma members who do not currently have a WTDirect account and who open a high-yield savings account with $10,000 or more by March 30, 2010 through WTDirect will earn cash bonuses of up to $600 on top of the already high annual percentage yield (APY).

"Especially in these tough economic times, it's gratifying to reward people who manage their financial health," said Ernie Tan, Vice President at WTDirect. "Our high-yield savings account is very competitive within the marketplace today and Credit Karma members will earn a bonus between $60 to $600 depending on their deposit amounts."

According to Bankrate.com, the average return for a high-yield savings account is slightly below one percent and the majority of Americans are only making up to a half of a percent return on their investments in savings, checking and money markets today.

"Credit Karma is constantly looking for new ways to increase value for our members," said Ken Lin, CEO of Credit Karma. "This offer from WTDirect provides consumers with an easy way to quickly build their savings."

About WTDirect
Founded in 2006, WTDirect, a division of Wilmington Trust FSB, offers a smart way for discerning clients to manage larger deposits online with superior, personalized service. WTDirect's signature product, an online high-yield savings account, features a consistently high interest rate, personalized service with a "human touch," and FDIC insurance protection up to the maximum amount available. WTDirect and Wilmington Trust FSB are part of the Wilmington Trust family of companies, a century-strong leader in the financial services industry. Wilmington Trust FSB's sister bank, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware.  For more information, call 1-800-WTDIRECT.

About Credit Karma
Credit Karma enables consumers to put their credit to work for their overall financial health. Credit Karma's goal is to help its more than 1 million users realize the everyday cost savings of having a good credit score by providing a range of tools and resources to help consumers improve their financial situations. For more information, visit www.creditkarma.com.

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