AmTrustDirect CD Rate and Policy Update

AmTrustDirect made some slight rate bumps to its 6-month and 9-month certificates. The new rates on the 6-month and 9-month CDs are 5.42% and 5.50% APY (up from 5.32% and 5.45%). The rates on the 1-to-5 year CDs remain the same at 5.65% APY. All of the CDs have a minimum deposit requirement of $1K. Refer to this post for more information on AmTrustDirect and these CDs.

I was informed by AmTrustDirect that they have moved away from a hard credit pull. They now just do a soft inquiry when you apply for a CD. Apparently, they responded to our concerns over a hard pull. Hopefully other banks which still do hard pulls will also listen to their customers and end this practice.