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AIG Bank: Money Market Account Rates, Interest Rates and Bank Review
 

AIG Bank: Money Market Account Rates, Interest Rates and Bank Review

AIG Bank which is the banking arm of the insurance company American International Group, INC, is still offering some of the highest money market account rates available today. AIG Bank is also offering CD rates that are higher than most CD rates at banks these days.

Get current money market rates and savings account rates by searching our rate lists at Savings.RatesORama.com.



Depositing your money at AIG Bank might give you pause considering AIG was bailed out by taxpayers. If you can get beyond that fact you should take advantage of these rates. Deposit accounts are insured by the FDIC for up to $250,000.

AIG Bank's money market rates are tiered and based on the account balance. The best money market rate is on account balances of $250,000 or more. The current MMA rate is 1.07% with an APY of 1.08%. That rate is better than most MMA rates at banks these days.

Other MMA rates at AIG Bank:


Balances $2,500 - $9,999 Rate 0.50% Yield 0.50%
Balances $10,000 - $49,999 Rate 1.00% Yield 1.00%
Balances $50,000 - $99,999 Rate 1.03% Yield 1.03%
Balances $100,000 - $249,999 Rate 1.04% Yield 1.05%
Balances $250,000 or more Rate 1.07% Yield 1.08%

The bank's 12 month certificate of deposit rate is very competitive. The current 12 month CD rate is 1.14% with a CD yield of 1.15%.

If you're in the market for a home loan, AIG bank is also advertising mortgage rates an a home equity rate. Current 30 year conforming mortgage rates are advertised at 4.375% and current home equity rates are at 3.74%.

Banking with AIG Bank is easy because their website is well layout. You can apply online for a deposit account or mortgage loan and also manage your accounts online. For more information about AIG Bank's products and current interest rates go to aigbank.com.
Author: Monica Harris
June 2nd, 2011