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

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

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Author: Cindy Lewis on April 1, 2009 - modified on August 2, 2017

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)
Northern Bank Direct	1-Year	5.60% APY with $500 minimum
Finworth, a division of InsBank	1-Year	5.38% APY with $50,000 minimum
TotalDirect, a division of City National Bank of Florida	1-Year	5.35% APY with $25,000 minimum
Dollar Savings Direct, a division of Emigrant Bank	3-Year	5.00% APY with $1,000 minimum
First Internet Bank of Indiana	3-Year	4.66% APY with $1,000 minimum
IncredibleBank	3-Year	4.58% APY with $1,000 minimum
First Internet Bank of Indiana	5-Year	4.55% APY with $1,000 minimum
BMO Alto, a division of Bank of Montreal Harris	5-Year	4.50% APY with no minimum
Department of Commerce	5-Year	4.34% APY with $500 minimum

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

Today's Highest Online CD Rates

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