Dedicated to Deposits: Deals, Data, and Discussion

6.00% Savings Account for 118 Days at AmTrust Bank in Ohio


AmTrust Bank is offering 6% APY for 118 days on its Gold Savings Account. This is only available to Ohio residents. The details of this special are available at this link. The minimum deposit to open and earn the 6% is $500. The maximum deposit is $100K. After the 118 days, the rate falls to 3.50% APY. This offer is available through June 25, 2006.

Note, this special is not being offered by AmTrust's online division, AmTrustDirect. This offer is only available at AmTrust for Ohio residents. Branches are located in several Ohio cities including Cleveland, Columbus and Akron. Some branches in Florida and Arizona had been offering a similar 6% special over the last few months (see post).

AmTrust Bank use to be a division of Ohio Savings Bank. Just recently, Ohio Savings changed their name to AmTrust Bank. AmTrust Bank is FDIC insured (FDIC Certificate # 29776).

Thanks to the reader who mentioned this promotion in the finding deals post.

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Comment #1 by Tobiesmom (anonymous) posted on
I didn't realize that $50.00 was the minimum amount that one could transfer from an AmtrustDirect Savings account to an external bank account!

I discovered this when I tried to transfer a small amount - $25.00 - this morning and was unable to complete the transaction!

Did I miss something in the fine print? Am I the only one that wasn't aware of this fact?? :(

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
I didn't realize this minimum transfer amount. I think HSBC Direct has a $10 minimum which is much more reasonable than a $50 min. You may want to check my previous AmTrustDirect posts starting here to see if someone had mentioned this in the comments.