As of July 2015, AmTrust Bank offers a 12-month, fixed-rate CD at 1.04 percent interest with a $500 minimum deposit. AmTrust offers online application for its CD offering. AmTrust CDs are FDIC-insured to the maximum amount allowed per law.
AmTrust requires several pieces of identification to open a CD account online including a Social Security number, driver's license and e-mail address, as well as a routing and account number to initiate the ACH transfer to fund the account.
Once the CD has been initiated, AmTrust allows for a seven-day grace period in which funds may be added, or the rate and term of the CD may be renegotiated. When the CD matures, AmTrust automatically renews it unless otherwise notified.