RateAPY

AIG Bank 60 Month Certificate of Deposit at 3.05% APY

Posted by: RateAPY Bank Rates News
February 23rd, 2010

One of the most difficult aspects of building a savings account for many individuals is the temptation to dip into savings from time to time to pay a bill or make a special purchase. One reason so many Americans find a certificate of deposit (CD) appealing is that this type of account earns interest only when the term of the CD is complete, which makes an occasional withdrawal far less tempting.

CDs are also a valuable asset to any financial portfolio because the interest earned is guaranteed, the principal is protected and the money is FDIC-insured.

AIG Bank offers a variety of CDs at different terms and interest rates, each requiring a minimum deposit of $2,500.

AIG Bank CD Rates

Term/Interest Rate/APY

6 months CD/1.09%/1.10% APY

12 Months CD/1.59%/1.60% APY

18 Months CD/1.69%/1.70% APY

24 Months CD/2.03%/2.05% APY

36 Months CD/2.42%/2.45% APY

60 Months CD/3.00%/3.05% APY

If you are looking to build your savings, compare CD terms and rates online to find the best rate for the term you need.