AmTrustDirect just introduced a new e-Savings Account that has an introductory yield of 5.36% APY for the first 90 days. The 5.36% applies only to the first $100K. Balances over $100K earn 5% APY. After the first 90 days, the promotional rates will revert to the standard tiered rates. The minimum deposit to open and the minimum balance to earn interest is $1. This account must be funded with new money that’s not currently on deposit with AmTrustDirect.

Amtrust’s e-Money Market account has had competitive rates ever since it was launched in August 2006, so if these rates are any indication, the e-Savings Account may be one that you might keep for the long term.