6.00% 6-Month Money Market Account Promo Continues at AmTrust Phoenix Branch

AmTrust Bank is continuing its money market account special at its Ahwatukee Branch in the Phoenix Arizona area. AmTrust is offering a special 6% APY for 180 days on balances of at least $50K. Below $50K, the standard money market rates are in effect. Currently, the standard rates for the money market account are 5% APY for balances over $50K, 4% APY for balances of $25K to $50K, and 0.75% for balances under $25K. A minimum balance of $1K is required to avoid a $6/month fee. It offers limited check writing with the typical 3-check-per-month limitation. The first box of 20 checks is free. This offer is only available at the new Ahwatukee Branch, and according to the CSR it will end on February 3, 2007. The branch can be reached at (480) 704-1288.

AmTrust Bank is a division of Ohio Savings Bank which is FDIC insured. Ohio Savings Bank is rated 2 out of 5 stars at Bankrate.com (below industry average). This is down from 3 stars in December and 4 stars a few months ago.

When I had first reported on this deal last month it was scheduled to end in December. Thanks to the reader who mentioned this update in the finding deals post.