eTrade (along with most other banks) recently dropped their interest rates to 4.70% from 5.05%, so I set out to find a new bank to stash my money with. I’ll still do all my stock trading with eTrade, but I’ll move the bulk of my savings over to my new account.
Enter AmTrust Direct, boasting an interest rate of 5.36% APY and the ability to transfer money to and from my current external accounts (limited to six transfers a month). It’s not the most flexible account, but its certainly not the worst. No minimum balance requirements either.
After doing some research and finding mostly positive reviews of AmTrust Direct, I’ve decided to open an account there later this week.
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