AmTrust Direct's 5.36% APY Money Market
July 16, 2007
AmTrust Direct, the online division of AmTrust Bank [FDIC# 29776), has lowered the minimum deposit on the AmTrust Direct e-money market to $1. The interest rate of 5.23% and annual percentage yield of 5.36% now applies to all balances from $1 to over $1 million dollars.
Special Features:
- No minimum balance fee
- Maintain a minimum balance of $1.00 to earn interest
- FDIC Insured up to $100,000 per depositor
- Direct deposit available
- Free online banking – view balance, transfer funds
- External Funds Transfer: Set-up external bank account(s) and transfer funds to and from your AmTrust Direct e-Money Market account and accounts held at other financial institutions. Maximum of six (6) external transfers per statement cycle (Transactions beyond these limits will result in additional fees.)
AmTrust Direct has kept their money market rate in or around the top ten highest in the country for over 6 months now and appears committed to maintaining a competitive rate. The features of their money market account (or any bank money market account) are not as detailed as some online checking account available, but money market accounts remain one of the best and simplest vehicles for parking funds. AmTrust Direct is one of the 20 largest mortgage lenders in the country and has over $17 billion in assets.
source: www.amtrustdirect.com
