AmTrustDirect just increased the rates on many of its online CDs. A yield of 4.00% APY is now available on all terms from 12 months to 60 months. The yields for the shorter terms are 3.51% APY for a 6-month CD and 3.76% APY for a 9-month CD. Minimum on all accounts is $1,000.

Here’s some of the details:

• Online application allows for funding by ACH transfer or check
• IRA CDs are not available online
• The early withdrawal penalty is 3 months of interest for terms 11 months or less, 6 months for terms of 12 to 23 months, 9 months for terms 24 to 47 months and 12 months for terms of 48 months or more
• Accounts can be opened with up to two beneficiaries
• When CD matures, you can request closure of the CD by either mail or online by a secure message