AIG offers High Yield money market with earnings starting at 1.76% APY
The money market offerings of AIG Bank
have been in the market for quite some time now but they still maintain very competitive money market rates. This money in the bank deals are offered in different tiers:
$250K+ 2.11% APY
$100K - $250K 2.06% APY
$50K - $100K 2.01% APY
$10K- $50K 1.96% APY
$2.5K - $10K 1.76% APY
Consumers who may want to open a money market account should remember to maintain a balance of at least $2500 per cycle to avoid a $10 monthly fee. Application for t
The ACH transfer service can be initiated if you will send a fax to the bank. They do not have an online system to facilitate such funding. Another alternative for this situation is to do the transfer from your other bank.
This money in the market account comes with a debit card and check writing privileges. The first booklet of forty checks comes for free.
The customer service representative cannot confirm if they do a hard credit pull but the disclosure seems to suggest that. Better ask the bank since it may cause a ding on your credit score.
AIG has been backed by funding from the federal government and hopefully will not be pressured to lower down the rates.
The bank is insured with the FDIC through certificate number 35267.
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