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AIG Bank Rates and Review: Best Money Market Rate at 0.82%

AIG Bank is offering some very competitive money market account rates that are much higher than the FDIC's national average money market rate. As you can figure out from the title, AIG Bank, is the banking division of American International Group (AIG) which received a $182 billion bailout from the U.S. government during the financial crisis.

AIG Bank's money market rates are tiered and the best money market account rate naturally is on the highest balance accounts. Current money market rates for Signature account balances of $250,000 earn a rate and yield of 0.82 percent.



Account balances are insured up to $250,000 by the FDIC. Whether or not you want to risk going over that amount at AIG Bank is up to you. AIG is a lot healthier since the U.S. tax payer bailout. In fact the AIG has already paid back most of the money borrowed by selling off assets.

Let's get back to AIG money market rates. The lowest yielding money market account is at 0.45 percent with an APY of .045 percent for account balances of $2,500 to $9,999.

AIG Bank Rates



  • MMA Account Balances of $2,500 - $9,999 Rate 0.45% APY 0.45%

  • MMA Account Balances of $10,000 - $49,999 Rate 0.68% APY 0.68%

  • MMA Account Balances of $50,000 - $99,999 Rate 0.77% APY 0.77%

  • MMA Account Balances of $100,000 - $249,999 Rate 0.80% APY 0.80%

  • MMA Account Balances of $250,000 or more Rate 0.82% APY 0.82%


You can be assured that opening a money market account at AIG Bank is safe. Accounts are FDIC insured and AIG Bank is healthy. Opening an account online is easy and takes only a few minutes. You can find the account by mailing a check in or transferring money into the account from an external account.

For a current list of AIG Bank rates or to open an account go to aigbank.com. There are other bank rates higher than AIG Bank rates. You can compare rates from many banks and credit unions by searching our rate tables below.
 
Author: Lisa Graham
July 18th, 2012