5.41% 12-Month / 5.30% 9-Month CD at AmtrustDirect

AmTrustDirect continues to keep their CD yields competitive. Their latest rates include a 5.41% APY 1-year CD and a 5.30% APY 9-month CD. Since I first posted about them on April 10th, their CD rates have consistently moved up. Below is the full list of rates and how they've changed over the last month. The old APY refers to the rates on April 28th.

AmTrustDirect Certificate of Deposit Yields:
Term        Old APY   New APY  Change
6 months    5.15%     5.25%    +0.10%
9 months    5.20%     5.30%    +0.10%
12 months   5.30%     5.41%    +0.11%
18 months   5.30%     5.41%    +0.11%
24 months   5.30%     5.46%    +0.16%
30 months   5.30%     5.46%    +0.16%
36 months   5.30%     5.46%    +0.16%
60 months   5.30%     5.46%    +0.16%

One thing to note is that the biggest change is in the long term CD rates. However, they still have a long way to go before it's worthwhile to chose a 24-month or longer CD instead of a 12-month CD. And with interest rates continuing to rise, that's another reason to stick with short term CDs.