AmTrust Direct – Amtrust CD

 

 · Amtrust Direct Bank currently has a % APY 6 Month CD Rate. There is a $1, minimum deposit to open. Amtrust Direct is a popular bank, with many customer reviews on our There is a $1, minimum deposit to open/5(83).

Regional Managers in Florida do not care how they treat there employees and micro manage every thing in branch and that makes it hard to run a branch when they are not present most of the time.

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The AmTrust Direct Money Market Account offers a higher interest rate from a traditional savings account along with flexibility and the opportunity to earn a higher interest rate based on the amount of money you carry in the account.

One of the most important things you can do for your financial situation is to have a short-term savings account or some type of emergency fund. Having two separate emergency funds like a high yield savings account and money market account is a good option to consider. This will give you short-term and long-term funds for financial problems varying from job loss to car repairs. The AmTrust Direct Money Market Account offers a higher interest rate from a traditional savings account along with flexibility and the opportunity to earn a higher interest rate based on the amount of money you carry in the account.

While you may be able to find a high yield savings account with a nice interest rate most money market accounts will offer a higher interest rate, even if it is just 0. The main draw to a money market account is the ability to write checks from the account, giving you quick access to the account if you need it for an emergency.

From here you can take advantage of higher interest rates based on the amount you are able to carry in the account. The interest rates will vary from 0. The APY will also vary from 0. To open an account you will need to establish an external bank account transfer to your AmTrust Direct money market account. You can establish an account online or you can choose to go to a branch. Amtrust Direct supplies customers with certificates of deposit and is a member Federal Deposit Insurance Corporation.

Amtrust Direct also offers an e-money market account with no fees attached for a minimum balance, interest earning on 1 dollar or more, FDIC insured deposits up to , dollars, direct deposit options and free online banking services. Customers can review account balances and make transfers of funds online at Amtrust Direct. I opened a mma with amtrustdirect. Initial ACH deposit was smooth.

External transfers are a bit ackward. When you submit a transfer it will not immediately show up in the transfer information for the account. My money was deposited into the account without ever posting to the transfer information for my account on the web. I have experienced no problems. CS has been very responsive. I e-mailed and was told they stopped this capability when Quicken decided to no longer support downloads — true? Any comment on this? I have had good experiences with Amtrust Direct.

They are constantly working on their website and showing good updates. Recently they have updated the Account History section showing the transactions and interest deposited in the account. They have also added some security features. They also deposit interest on time and send monthly bank statements showing transaction details. CS is good and well responsive. The higher management also keeps a track of customers suggestion and work on them in queue.

No problems in this as of now. Initially i felt something was wrong but amtrust could develop a good trust in me. I have had a very difficult time with amtrust. Their website has given me more problems than I can count and the customer service has not been very helpful either.

First, it took me a while to realize that the Firefox browser does not work with their website. Even after using IE, I was able to get in to my account, but could not set up an external transfer, even with a customer service rep helping me on the phone.

I kept receiving an error message saying that portion of the website was down, which the customer service rep knew nothing about. He said he would call or email me the next day and never did. This is only the tip of the iceberg with the problems I have has with this company. Too many to write about. Their customer service is downright horrible.

I use Firefox and have encountered no problems. Make sure you have Firefox 2. If the APY for both of these are the same 5.

If the APY is the same for both, then both should be earning the same interest correct? How does Amtrust compare to Countrywide Bank in term of service and investing money in them? It seems like at the moment, the rate for Amtrust is a tad higher than Countrywide Bank. What time zone is this website on? My previous message was posted at 9: I opened an e-MMA over a week ago. I just got my login info in the mail yesterday. I called cust svc at 2: I informed them that I received that msg earlier and had been trying it all day.

The rep could not give me any info on when the system would be back up — only to try back later! Not very useful for an online-only bank. I have difficulity to connect their site by IE niether Net scapa 7. Could somebody help me how can I access their web page? I opened a CD for six months. Everything was opened online. However, when I wanted to close the account once it reached maturity, I was told that they could not return the funds back to the account that they took it from without me sending in a letter.

I sent the written request via certified mail and they have not received it even though I sent it almost 2 weeks ago.