bank rates

Amtrust Direct 5.00% APY 6 Month CD Rate

Amtrust Direct Bank currently has a 5.00% APY 6 Month CD Rate. There is a $1,000 minimum deposit to open. Amtrust Direct is a popular bank, with many customer reviews on our money market and bank CD rate interest tables.

History of Amtrust Direct
Founding during the late 1880s, Amtrust Direct had its beginnings in the year 1889. Heralded as one of the innovative leaders among today’s financial service companies, Amtrust Direct has simple beginnings as a single institution on Cleveland Ohio. At one time known as a single physical branch called Ohio Savings Bank; today Amtrust Direct has expanded due to acquisitions, mergers and the success of its business. In fact, today, Amtrust Direct has more than 15 billion dollars in assets – a tribute to the company’s solid growth and unsurpassable work ethic.

Amtrust Direct is the recipient of a long list of awards, all honoring the business ethics that the company stands by. Honored as a solid presence in the community as well as in the financial industry. Available through Amtrust consumers will find superlative financial offerings. The full services that Amtrust offers include an no fee e money market account, certificates of deposit, free Internet banking services, and more. Amtrust Direct is a member of the Federal Deposit Insurance Corporation and is the sole online division of the Amtrust Bank.

To apply for an account with the Amtrust Direct, applicants will require specific documentation. In addition to one’s social security number, a driver’s license or United States passport, an email address, beneficiary information, as well as other information. Amtrust Direct makes banking possible 24 hours a day, seven days a week via Internet access. In addition, Amtrust delivers relatively high interest rates on interest bearing accounts: passing unique money making opportunities onto its customers.

Comments (3)
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  1. Doug Bentley said:
    on November 1st at 07:59 pm

    I have nothing but disdain for Amtrust. This is the single most dishonest operation I have encountered in 40 years of investment banking. On two separate occasions, they have refused to terminate a CD that I had with them. On the first occasion, I was told that I sent my letter to close to the deadline and they were unable to respond. They made this claim even though they report having a 7-day grace period for notifications of termination. After they automatically reinvested my CD, of course at several percentage points lower than the initial CD, I was told I could notify them at any time that I did not want my CD to be rolled over. So I sent them a letter 5 months in advance of the termination date of the CD. Tonight I was informed that AmTrust has no record of my letter as I sent it TOO EARLY AND THEY DON’T KEEP LETTERS THIS LONG! I have never dealt with any company that can equal their ineptitude. Stay away from Amtrust!

  2. Rudy said:
    on December 24th at 09:27 am

    I had terrible experience with this bank. First of all they do a HARD PULL of your credit report. I would be OK wit a soft pull, but I am not in the market for debt, so why do a hard pull. For my protection, they say. Anyway, Opened the account 12/11. Received email about it the same day. Requested an ACH with the account opening. 10 days later, no email, nor mail nor ACH from my checking account. I called the bank. They say the account opening is in process. What 10 days later? I said I wanted to log in online and see my account. I was told I will receive my username within the same day. Three days later, nothing comes by email or mail. I call again, now I am told that a work order is being put on my case? What case? Account opening? 13 days and nobody calls me or lets me know. I told them to close the account as I do not trust the bank. They say they cannot do it, only by writing. I am shocked at this experience. I do not recommend. Customer service was friendly but useless. They did not know anything, only referred to internal departments for information. Departments you cannot talk to. FIND A BETTER BANK.
    I am left with a credit report enquiry and no savings account.

  3. Dave Sass said:
    on January 29th at 10:23 am

    I too have had problems with opening an account with AMTrust. They transfered my money to my account but it has been a week and I still don’t have access to my account. They keep telling me they are e-mailing me the account number but it never comes. They also tell me they have sent my account number in the mail but it never arrives.

    I distrust this bank and will be closing the account as soon as they give me access to my account. I’m also writing a formal complaint to the Office of Thrift Supervision.