Dedicated to Deposits: Deals, Data, and Discussion

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


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.

I had mentioned this deal a few weeks ago, but I thought it was worth mentioning again since I've neglected to mention it in my weekly summaries.

It's important to note that 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 reminded me of this promotion in the finding deals post.

  Tags: Ohio, savings account

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Comment #1 by Anonymous posted on
In Arizona, according to our CSR in Paradise Valley, there will be a new branch of AmTrust opening in Scottsdale (Shea and 101) on June 18th, 2007 and will offer similiar (6%) rates, if not better incentives to bank there.

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. Looks like we need to keep an eye on any new AmTrust branches.

Comment #3 by Anonymous posted on
Banking guy:

Can you please provide a link for ARIZONA on your "CD Specials at Local Credit Unions/Banks Over the Last Two Months?" It appears that it is missing.


Comment #4 by Banking Guy (anonymous) posted on
Banking Guy
Yup, it looks like I forgot to add the link to Arizona deals and CDs. I'll add it for next week. Thanks.

Comment #5 by Anonymous posted on
Has anyone been able to access the AmTrust Direct website? The two addresses given on their publications -- and -- have been down since this weekend at least. For a bank that does so much of its CD business online, that's a bit odd. And, for me as a CD client, it's a bit disturbing. Any information would be very much appreciated. Thanks.

Comment #6 by tresho (anonymous) posted on
Last possible time to open one of these accounts is 23 June 2007. New money only, can't be transferred from another Amtrust account.

Comment #7 by Brian (anonymous) posted on
I called the new Scottsdale office at Shea and the 101. 6% rate for gold savings is in play.

Comment #8 by Anonymous posted on
Hi Bankguy, I called to open the Gold savings acct with Amtrust on June 18 by phone. The forms came in 06/26 from Florida even tho I am OH, went into branch on 6/30. Promo no longer available so they sent application back donwn to Florida to make sure I get the rate on 7/2. 7/13, account still not opened and processing centre has not received application. Should I be worried that my SS infor is lost in the mail. I am quite worried. Just a housewife trying to get a better rate. Please advice what can I do. Called the branch and 800#, no one can help but said to wait and see. Any help is appreciated.