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Top Money Market and CD Rates at AmTrust Bank


New York Community Bank acquired AmTrust Bank in December 2009 when AmTrust Bank failed. New York Community Bank has continued to operate AmTrust as one of its divisions. You can open accounts online at or at, or at one of its branches in Arizona, South Florida and Ohio. The best online deal is AmTrustDirect's Premium e-Money Market Account which has a promotional 1.25% APY for balances of $10K to $150K (as of 9/5/2011). AmTrustDirect has been offering this promo rate since April. I'm a little concerned that it may not last too much longer. When the rate falls, it may be a big fall. The rate for balances under $10K and above $150K is currently only 0.50%.

If you want to avoid seeing your rate fall, you'll need a CD. Both AmTrust and AmTrustDirect have some fairly competitive long-term CD rates. The following rates are listed at this AmTrust page and this AmTrustdirect page as of 9/5/2011:

  • 2.25% APY 5-year CD
  • 1.75% APY 3-year CD
  • 1.50% APY 30-month CD

Unfortunately, these are now competitive rates. There are only a couple internet banks which offer higher 5-year CD rates. The best 5-year CD rate at a nationally available bank is 2.50% APY at Airbanking. For all-access credit unions, the best 5-year CD rate is 2.68% APY at Melrose Credit Union (rates accurate as of 9/5/2011).

For those who prefer to bank at a branch, the above CDs may be a good choice. As I mentioned above, AmTrust has branches in South Florida, Arizona and Ohio. These CD rates are very competitive for brick-and-mortar banks in both South Florida and Arizona.

AmTrust's parent New York Community Bank has an overall health score at of 3 stars (out of 5) with a Texas Ratio of 17.30% (average) based on June 2011 data. Please refer to our financial overview of New York Community Bank for more details. The bank has been a FDIC member since 1943 (FDIC Certificate # 16022).

Searching for Top CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of

  Tags: AmTrustDirect, New York Community Bank, CD rates, money market accounts, Arizona, Florida, Ohio

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Comment #2 by Anonymous posted on
Why are some high rates missing from the listings on this web site?  I see, for example, that Industrial Credit Union in MA is offering some very competitive CD's but they are not listed.  Can anyone suggest other sites that aggregate rates and that might include data that is missing here?  Thanks!

Comment #3 by KenBDG posted on
Many banks and credit unions are only available in certain states. So if you select MA, you'll see Industrial Credit Union's CDs. Please refer to the post, Getting the Most Out of Our Rate Tables for more details.