http://www.amtrustdirect.com/

Hard credit inquiry.

$1,000 to open.

Fund account by mailing check or ACH transfer.

Up to 7 business days hold for initial deposit, future deposits have 2-3 days for out of state checks and no hold for ACH transfers.

No minimium balance or monthly fees.

$1+ to earn interest.

Maximum of 6 external linked accounts.

2 business days to transfer money out.

Free one-time or recurring transfers into or out of your account.

Maximum of 6 withdrawals.

Withdrawals limited to $100,000 per day and $2,500,000 per month.

Interest credited monthly.

Paper statements monthly.

Routing number: 122187212

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any other info worth mentioning, please post. thanks.
Edit by Moderator: Clarified Title

Hard Pull

opmnxtc said:thanks. which bureau?
The pull was from Equifax when I did a CD with them last last year, Had heard they stopped doing pulls but according to Banking at Bank Deals they are still doing them
AmTrustDirect Raises e-Money Market Account Rate to 5.26%

AmTrustDirect just raised the rate of its e-Money Market account from 5.15% to 5.26% APY. The APY applies to balances of $1 and higher. There are no minimum balance requirements, however, there is a minimum initial deposit requirement of $1,000. This is a new savings account that I first reported on in an August. It seems to have many nice features such as ACH transfer capability. Some of the drawbacks include no ATM card or check writing. Also, there may be a hard credit pull. Refer to my August post for more information about this account.

There was also a minor CD rate change at AmTrustDirect. The 12-month rate went from 5.68% to 5.60% APY. Other rates remain the same. Their longer term CD rates had already fallen from 5.68% to 5.50% over the last few weeks which was similar to the rate drops seen at many other banks. In July I was told that they ended the practice of pulling hard credit pulls for CD applications. However, a reader just informed me that there was a hard credit pull made on his Equifax credit report after he had opened a CD. So you should probably assume that a hard credit pull will be done. I'm looking into this to see if that is the official policy.

Hard pull on EQ here as well, under 'Ohio Savings Bank'

ajulius said:Opened account a few days ago. They never took out funds yet. Guess it will take a few days before I hear back from them. Havent heard anything back nor seen my money taken out.

Ohio Savings Bank is a very reputable big money bank so I am not worried. AmTrust is BIG down in Florida and has huge assets. It also owns branches elsewhere with both the AmTrust and Ohio Savings name.
I applied on Friday. Credit Pull was dated saturday. ACH pull is showing temp on my Citi e-savings as of today (this is a def + compared to Amboy and Emigrant - it is fully allowed to do ACH with savings accounts). Sounds like they are pretty quick at it.

I guess I'll have to wait for my letter from them with login info.

Any idea if this rate is tied to the MFR?

the rep told me the initial deposit can have up to 7 business days hold. for future deposits, out of state checks can have 2-3 days, and ACH transfers have no hold.

Are we limited to 6 billpays because it is a money market account?

Also what is weird is I was supposed to get a validation email and I never got it yet. Will see if it hits my mailbox otherwise I will call up the bank.

Just got the validation email. Seems like it was delayed.

Well, ajulius, guess it's time to dump your HSBC account, now that you found someone to give you an extra .21% of APY

Me, i will stay with my nice 5% at WAMU.....not a rate chaser like some of you FW fanatics....as long as WAMU stays "in range" (and i am sure they will)....it's just not worth fussing over....but, to each his own!