Before you invest in any online savings or money market account, check the current rate being offered by AmTrust Bank on their e-Money Market Account. AmTrust Direct just raised the rate from 5.30% to an industry leading 5.36% APY.
"We want our customers, and potential customers, to know that this is not a so-called ‘teaser’ rate," says Matthew Lehman, Vice-President of Internet Marketing for AmTrust. "We don’t do any form of bait-and-switch. And it’s not only for new money. You’ll get an industry-leading rate on all your money." He adds, "AmTrust Direct has always been known for top-of-the-market rates."
AmTrust is a division of Ohio Savings Bank, founded in 1889 and one of the fastest growing financial institutions in America. The Bank has grown from a local savings and loan with one office to a nationally recognized leader in retail banking with branch offices in Florida, Ohio and Arizona. The Bank is among the top 20 mortgage loan originators in the country, and also specializes in commercial construction lending.
AmTrust Direct has always paid among the top rates in the country, and since launching their e-Money Market Account in August 2006, the account has consistently paid a rate in excess of 5.15% APY. Their e-Money Market account requires just $1,000 to open, with no minimum balance fees, and all the customer’s money earns the same high rate.
"We try to make it easy for our customers," states Lehman. "Our CDs automatically roll over to the highest rate for that term, so our customers never have to worry about where their money is going to work the hardest for them. They can relax, do nothing and still enjoy one of the highest rates in the country."