AIG Bank CD Rates

Saving money is something that we are all encouraged to do. Saving money is akin to a type of insurance policy for the future. It does not matter how old or young you are when you start to save money. The important thing is that you do indeed make the decision to begin setting aside money for future purchases, whether they are large or small.

Saving money is something that we are all encouraged to do. Saving money is akin to a type of insurance policy for the future. It does not matter how old or young you are when you start to save money. The important thing is that you do indeed make the decision to begin setting aside money for future purchases, whether they are large or small.

A savings account is one way to set money aside for your future home, your future car or your future tropical vacation getaway. However the interest you will earn on a savings account is very little. In fact it can be downright disappointing to see when you view your bank balance. A more viable option once you have some money saved up is to open a certificate of deposit account which is not just a savings option but is considered a safe low-risk investment.

The AIG Bank CD rates make it possible for you to lock in a guaranteed rate of return. In other words, the CD has a fixed rate and is therefore not volatile in the least. This bank makes available to its customers high-yield CDs. There is an array of terms that you can choose from based on what is most suitable for you. If you can only afford to set aside $1,000 for six months to a year then choose a six month high-yield CD at the AIG Bank or a 12 month one. On the other hand if you are able to financially sustain a longer term and you want to earn a higher level of interest then choose a longer term such as 18 months, 24 months, 36 months or 60 months.

Opening a CD account is not that difficult at the AIG Bank. You can do so online if that is most convenient for you or you can go into a branch in your own area. Making the decision to open a CD is a very smart one. Your money is insured by the Federal Deposit Insurance Corporation (FDIC). What this means is that if the bank runs into a problem or goes under then your money is kept safe. You are insured up to the maximum of $250,000 per person. Think of it as a type of safety net that does not encompass other types of investments such as mutual funds, bonds and stocks.

To learn more about the current AIG Bank CD rates go to http://www.aigbank.com/. You can e-mail the bank at [email protected] or phone them at 1-877-238-5221.