Amboy Direct’s certificate of deposit rates
Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.
Amboy Direct has lowered it’s 12 month CD rate a bit since we last reviewed them two months ago. Back in May, Amboy Direct’s 12 month CD was yielding a very nice 3.05% APY and topped BankVibe’s CD rate comparison chart. Now, Amboy offers a promotional “E-Savings Time Deposit” (1 year) which is yielding 2.35% APY. You must use the offer code, 50870, to take advantage of this product. On Amboy’s promotional page, it states that you must make a minimum deposit of at least $10,000 to receive the advertised rate.
Although Amboy Direct is based out of New Jersey it’s products are available to customers nationwide. If you reside in NJ, then you may want to compare this rate with other CD rates in New Jersey.
Opening an Amboy Direct Savings Product:
- You must be at least 18 years old, a U. S. citizen and have a valid social security number.
- Minimum initial deposit is $100. (You must have a balance of $10k to receive the advertised interest rate)
- Accounts are opened online with an initial deposit from your personal checking account at another bank.
- After you submit your application, Amboy Direct will send two small deposits to your personal checking account that must be verified. To verify, review your transaction history at the bank where your checking account resides and identify the two deposits. Your initial login to Amboy Direct will require you to enter the amounts before you can access your account. These deposits are free and are sent as a fraud protection measure.
- You must validate the 2 small deposits in your linked account no later than 50 days from the date the first deposit was made. If you do not validate the link within 50 days, Amboy Direct may return the initial deposit to the linked account and close the eSavings Time Deposit account.
- Transfer capabilities will be available immediately after “Verification process” is complete.
