Highest CD Rates Info

AmTrust Bank offers a national online banking business, and also has over 60 branches in several states.  Highest CD Rates Info recently reviewed AmTrust Bank CD rates to see how they compare to the other CD interest rates that are being offered these days.  We had high hopes, as we had previously heard that AmTrust CD rates were among the best CD rates for short term CDs.

*Editor’s Note: this is an older article, and we have recently updated our research about current AmTrust Bank CD Rates.  For our latest article on AmTrust CD Rates, please see the following page: AmTrust Bank CD Rates

However, what we found in our research about AmTrust Bank CDrates was very disappointing.  Put bluntly, the current CD rates at AmTrust are amongst the lowest interest rates that we have ever reviewed for certificates of deposit.  Specifically, after reviewing CD rates for CDs varying in term from 6 months to 5 years, the highest Annual Percentage Yield (APY) that we found was 1.50 percent.  Yes, that was the highest!  And many of the AmTrust CDs that we reviewed were even lower — with APYs of 1.00 percent.  Not only is that lower than most CD rates, it’s also lower than most high yield savings account rates these days.  Given that, we certainly can’t recommend investing in an AmTrust CD under these current rates.

Let’s hope that CD rates at AmTrust Bank are increased sometime in the very near future — as rates can change often, and AmTrust has offered much more competitive rates in the past.  So, we’ll keep an eye on the AmTrust Bank online banking website, hoping as CD rates can change with time and vary by location.