AIG Bank Offering Rate Competitive CDs; But Would You Open One?

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AIG is offering some pretty competitive CDs. The question is, with all of the hoopla over executive compensation, would you open one?

AIG Bank is offering some pretty competitive CDs.  The question is, with all of the hoopla over executive compensation, would you open one?

The rate on their 60-month CD is 3.41% APY versus a top 60 month CD rate of 3.81% APY according to the BestCashCow rate tables.  Rates are also competitive across other terms. 

AIG Federal Savings Bank is heaquartered out of Deleware and has a Bauer rating of 3 out of 5 stars for safety and soundness, which isn't bad.  Remember that most of AIG was a well-run, profitable business.  It was just the hotshots in their CDS and other structured insurance product departments that brought down the company. 

So, what about it?  Would you deposit money in AIG Bank?  What about if they had the top rate across in all CD categories.

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Today's Highest Online CD Rates

Bank Product Term Interest Rate (APY)
Connexus 1-Year 0.71% APY with $5,000 minimum
Banesco USA 1-Year 0.70% APY with $1,500 minimum
CFG Bank 1-Year 0.67% APY with $500 minimum
USAA Federal Savings Bank 3-Year 0.91% APY with $175,000 minimum
Connexus 3-Year 0.90% APY with $5,000 minimum
Comenity Direct 3-Year 0.85% APY with $1,500 minimum
USAA Federal Savings Bank 5-Year 1.11% APY with $175,000 minimum
Community Federal Savings Bank 5-Year 1.10% APY with $500 minimum
Connexus 5-Year 1.01% APY with $5,000 minimum

See More Online CD Rates →

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