Money market accounts at AIG Bank offer some of the best money market rates out there. The more you save in AIG Bank money accounts, the more you earn. Money market rates, as of July 16, are:
- 1.76% annual percentage yield (APY) for deposits of $2,500 - $9,999
- 1.86% APY ($10,000 - $49,999)
- 1.91% APY ($50,000 - $99,999)
- 1.96% APY ($100,000 - $249,999)
- 2.06% APY ($250,000 or more)
Money market accounts can be opened online, by mail, or by phone. You need a minimum opening deposit of $2,500 and you are charged a minimum balance fee of $10 a month if your balance falls below that. The interest rate is also lowered. If the account balance falls below $1,000 no interest is earned. Other details of AIG Bank’s high yield money market accounts include:
- FDIC insurance of at least $250,000 per depositor
- Free incoming wires for fund transfers
- Personalized checks
- Visa check card
Some checks that are deposited in money market accounts may be available for withdrawal the next business day. Also, money market accounts have a limit of three third-party transactions during each monthly statement cycle. That includes checks, purchases with a Visa check card, or outgoing wire transfers that are not initiated at a bank branch. There is unlimited access through ATMs.
- 6 Month CD 1.06 %
- 1-year CD 1.32 %
- 2-year CD 1.73 %
- Money Market Account 1.04 %
- Savings Account 1.04 %
- 30-year Fixed Mortgage 7.04 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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