AIG Bank has two bank deals that offer closing credits to customers who apply for a mortgage or home equity line of credit (HELOC). Details of the mortgage offer include:
- $500 credit toward closing costs on a first mortgage
- Mortgage applications must be made between Nov. 1, 2009 and March 31, 2010
- Must close on mortgage loan by June 30, 2010
The home equity line of credit offer includes:
- Credit up to $2,000 to offset closing costs and appraisal fee for HELOC in the first lien position
- Credit up to $1,000 for HELOC in a second lien position
Neither of these bank deals can be used with other AIG bank closing cost credits or promotions. You can apply for a mortgage or HELOC online or by phone.
While waiting for your mortgage to close you can park the down payment in an AIG Bank money market account. The bank has money market rates above the average of 1.12%. Money market rates at the bank are:
- 1.3% annual percentage yield (APY) for deposits of $10,000 to $49,999
- 1.4% APY for $50,000 to $99,999
- 1.45% APY for $100,000 to $249,999
- 1.5% APY $250,000 and up
The rates for the money markets are current as of Jan. 14, 2010, but can change at any time. Money markets require a minimum opening deposit of $2,500. Balances below $1,000 do not earn interest.
- 6 Month CD %
- 1-year CD %
- 2-year CD %
- Money Market Account %
- Savings Account %
- 30-year Fixed Mortgage 3.62 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you. Whether you work with the bank or you found a deal in the newspaper, simply click on the submit a bank deal on the right hand side and help us all out!
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If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you.
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