AmTrust Direct is offering one of the best CD Rates for a 6 month CD at a rate of 4.35% APY. The minimum deposit is $1,000. Interest is compounded daily and the CD account is insured to the maximum allowed by the FDIC.
You can receive interest payments on a monthly or semi-annual basis on accounts over $5,000. Interest disbursements can be posted to an AmTrust Bank checking or savings account or mailed to you by check. There is a $5.00 fee to receive interest disbursements by check.
AmTrust Direct’s penalty for an early withdrawal is 6 months of interest. That means that you would lose all of the interest you would have earned, so be sure you can afford to lock your funds up for 6 months before signing up for this CD Rate.
AmTrust Direct has been around for over 100 years and was founded in Cleveland, Ohio in 1889 as Ohio Savings. The bank changed its name to AmTrust Bank in 2007 to better reflect its national presence.
AmTrust Direct 6 Month CD Application
Author: Jason P. Jones
September 27th, 2008
