Bank CD Rates

With most bank CD rates being so low that most investors are wary of placing their money in them, AIG CD rates are a refreshing change. AIG is current offering some of the highest returns on this low risk kind of investment.

Currently the best rate of return is on the 60 month CD with a 3.10% interest and a 3.15% APY. The 36 month CD has an interest rate of 2.62% and an APY of 2.65%. The 24 month CD has an interest rate of 2.23% and an APY of 2.25%. The 18 month CD interest rate is at 2.03% and the APY is at 2.05%. The 12 month CD is currently at 1.98% interest and 2.00% APY. The lowest rate of return is the shortest term CD with the 6 month at 1.54% interest and 1.55% APY.

All deposits at AIG are protected by being insured by FDIC up to $250,000. The interest is credited each month as CD’s mature and statements are issued quarterly.

The AIG CD rates reported in this article are current as of 8/27/09. There is a $2,500 minimum deposit required to obtain these bank CD rates.

Like all financial institutions that issue CD’s, there is a penalty for early withdraws. At the CD’s maturity, there is a 10 day grace period for either withdraw or increase in deposit. If neither is done then the CD will be rolled over into a new term the same length as it was previously.

Because these are not securities, the AIG CD rates are available in all 50 states of America.