How is interest accrued on an AmTrustDirect.com CD?
Interest Compounding/Payment Frequency: • 3 – 5 month term: Compounds daily / paid at maturity 6 – 120 month term: Compounds daily / paid semi-annuallyInterest begins to accrue on the business day the CD is opened. If the CD request is received after 8:00 p.m. Eastern Time on a business day, Saturday, Sunday or Federal holiday the CD will be opened and interest will accrue as of the next business day. Our business days are Monday through Friday, excluding Federal holidays. If a check is sent to open the CD, the CD will be opened and interest will accrue on the business day the check is received. Note: If you choose to mail us a check to provide the funds to open your CD, the opening could be delayed up to 10 business days or more due to mailing delays beyond our control.
