AmTrust Direct
Category: Bank Deals, Local Bank Deals, Money Market Rates- fhuff- 4:10 pm/ February 3, 2011Open a Premium e-Money Market Account at AmTrust Direct and you could earn 1.25 percent APY. The money market rate is accurate as of Feb. 3, 2011. Details of the money market offer include:
- $500 minimum deposit to open
- Interest is earned on balances of $1 and up
- No minimum balance fee
- Free online banking, including transfers
- Direct deposit available
- Limit of six withdrawals per statement cycle or you pay a fee
You can only open the money market account with funds that are not currently on deposit with AmTrust Direct, with the exception of funds from a maturing certificate of deposit (CD). The money market is not available to business or nonprofit customers. Money in the account is insured by the Federal Deposit Insurance Corp. (FDIC).
The money market has eight tiers of interest, but interest rates in different tiers can be the same. Currently, deposits up to $9,999 earn an APY of 0.5 percent, $10,000 to $149,999 earns 1.25 percent APY and deposits over $150,000 earn 0.5 percent APY.
AmTrust Direct is a service of New York Community Bank, based in Cleveland, Ohio.

