Ohio Savings Bank, the parent of AmTrust, has an internet division called AmTrustDirect which offers CDs that can be opened online. All the certificates of deposit have a minimum of $1K. The current 6-month, 9-month and 12-month APYs are 5.00%, 5.10% and 5.20%.

Some key 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
• Instructions to close a CD at maturity must be mailed. A check will be mailed to you in the amount of the closed CD.

Ohio Savings Bank is rated 4 out of 5 stars at Bankrate.com. The bank has over $16 billion in assets.