RateAPY

AmTrust Direct’s Premium e-Money Market Account pays 1.15 percent APY

Posted by: RateAPY Bank Rates News
December 12th, 2011

If you’re looking for a safe place to keep your emergency fund, a money market account is often the best choice. Not only is your money FDIC-insured, but you’ll earn interest and have quick access by check, transfer or ATM.

AmTrust Direct, a service of New York Community Bank, offers a Premium e-Money Market Account for online customers. This money market account requires a minimum opening deposit of $5,000 and earns 1.15 percent APY on balances from $5,000 to $100,000. If your balance drops below $5,000, you’ll still earn 0.25 percent APY on every penny. Free online banking allows you to transfer funds within the bank and with other financial institutions.

Compare money market interest rates and terms to find the best bank deal that meets your needs.