Amtrust Bank Cd Rates (2024)

FAQs

What are current CD rates at New York Community Bank? ›

The highest certificates of deposit (CDs) rates today are offered by Merchants Bank of Indiana (5.92%), First Federal of Lakewood (5.61%), Maries County Bank (5.51%) and Shoreham Bank (5.50%).

The Federal Deposit Insurance Corporation (FDIC) was then named Receiver. Subsequent to the closure, New York Community Bank, Westbury, NY acquired substantially all the deposits and assets of AmTrust Bank from the FDIC as Receiver for AmTrust Bank. Any claims by equity holders were not acquired.

Currently Popular Direct offers among the highest CD rates in New York at 5.30% APY on a six-month term. However, the minimum deposit is $10,000. You can also score CD rates of 5.10% in New York with Quontic Bank's six-month CD which has a $500 minimum deposit.

About New York Community Bank

New York Community Bank has an average rating of 2.1 from 94 reviews. The rating indicates that most customers are generally dissatisfied. The official website is mynycb.com. New York Community Bank is popular for Banks & Credit Unions, Financial Services.

While there aren't any financial institutions paying 7% on a CD right now, there are other banks and credit unions that pay high CD rates. Compare today's top CD and savings rates.

There are two credit unions paying 6% APY on a CD: Financial Partners Credit Union and Geismar Complex Federal Credit Union. You'll have to meet certain eligibility requirements to join each of these credit unions, though. Why do some banks offer much higher CD rates than others?

The cons of CDs

With a savings account, the money is easily accessible in case of a financial emergency or a change in spending priorities. With CDs, you typically can't withdraw the money whenever you want—at least not without paying a penalty.

Which bank gives 7% interest on savings accounts? ›

As of September 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions offer high-interest checking accounts: Landmark Credit Union Premium Checking with a 7.50% APY and OnPath Credit Union High Yield Checking with a 7.00% APY.

The class action, broadly speaking, claimed that AmTrust deceived investors by recognizing revenue from certain extended warranty contracts in the year they were signed, rather than over the years-long course of the agreements, and by treating discretionary employee bonuses as expenses in the year they were paid rather ...

On Saturday, December 5, 2009, the former AmTrust Bank locations will reopen as branches of New York Community Bank. Your transferred deposits will be separately insured from any accounts you may already have at New York Community Bank for six months after the failure of AmTrust Bank.

On May 31, 2019, Liberty announced the closing of its acquisition of AmTrust Surety, the U.S. surety operations of AmTrust Financial Services, Inc. Skadden, Arps, Slate, Meagher & Flom LLP provided legal advice to Liberty Mutual Insurance in the transaction.