AIG Bank money market account

AIG Bank has a Signature Money Market Account with interest rates above the national average. The high-yield money market account can be opened online. The tiered interest rates as of Feb. 17, 2011, are:

• 0.5 percent annual percentage yield (APY) for balances of $2,500 to $9,999
• 1 percent APY for $10,000 to $49,000
• 1.03 percent APY for $50,000 to $99,999
• 1.06 percent APY for $100,000 to $249,999
• 1.09 percent APY for $250,000 or more

Other features of the money market account include personalized checks, a Visa Check Card and free incoming wires for fund transfers. Money market accounts are insured by the Federal Deposit Insurance Corp. (FDIC) up to $250,000 per depositor. The minimum opening deposit for a money market account is $2,500, and no interest is earned when the balance falls below $1,000.

The following transactions are limited to six per monthly statement cycle:

• transfers to third parties by pre-authorized automatic transfer
• telephone order checks
• point-of-sale purchase with Visa Check Card
• outgoing wire transfers not initiated at an AIG Bank branch
• automatic, telephone or electronic transfers to your other AIG Bank accounts

AIG Bank is headquartered in Wilmington, Del., but serves customers throughout the U.S.

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