Few Options for High Yield CDs
Source: http://thestockmasters.com/high-yield-cd-10022009Posted on Saturday, October 3rd, 2009 | In Market Commentary
There really are few options for short term high yield cds, as you know the Masters prefer the 3, 6, or 9 month options. About the only enticing offer we could find this week comes from AIG Bank, that’s right, they are part of that lovely company American International Group, Inc. (NYSE:AIG) which American taxpayers coughed up $182 billion to bailout.
Ah, bailout, sch-mailout, what we care about are decent CD rates, so we’ll spare you the lesson in history and morality. 
Truth be told, AIG Bank’s FDIC-insured CDs combine some of the highest interest rates in the nation and have no market risk.
AIG Bank’s website claims you can “open a new CD online in minutes and you can lock in a guaranteed rate for 6 months all the way up to 5 years”, doesn’t that make you feel good inside?
However by the time you found this article searching around for the best cd rates, it may have expired, so feel free to visit our sponsors
(links on the left margin and below).
Don’t forget, the Masters cover the best cd rates and offerings each week – click to access our CD articles.
Back to AIG Bank, here are AIG’s current CD rates - Click to go to AIG Bank’s Site>>
| Terms: | Interest rate: | APY¹: |
|---|---|---|
| 6 Months | 1.50% | 1.51% |
| 12 Months | 1.89% | 1.91% |
| 18 Months | 1.94% | 1.96% |
| 24 Months | 2.23% | 2.26% |
| 36 Months | 2.58% | 2.61% |
| 60 Months | 3.16% | 3.21% |
As usual but always good to hear, AIG Bank’s Certificate of Deposit is FDIC insured to at least $250,000 per depositor, thank you American taxpayer.
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