An AIG money market account is a great way to earn a return on money you want to keep liquid. The accounts are especially helpful for small business owners. You can open an AIG money market fund with as little as $2,500. AIG money market accounts are similar to traditional checking accounts with one exception, the interest rate you earn is much higher. They also have the versatility of a checking account; you can write checks or use a Visa ATM card for purchases.

AIG money market rates change but there are a few standard rules. If the money market account falls below the $2,500 threshold a $10 monthly charge is applied. If you fall below the $1,000 threshold, no interest is paid on the AIG money market fund. If, however, you keep a higher average balance, your AIG money market earns interest at a higher rate. Interest compounds monthly.

1. Locate the best AIG money market account for your company.

2. Open an AIG money market account online.

3. Benefit from discounts and services available with an AIG money market account.

Action Steps
The best contacts and resources to help you get it done

Find the best AIG money market deal for you

Money market accounts differ from other investment vehicles because they are liquid, meaning you have access to them any time you want. AIG offers six-, 12-, 18-, 24-, 36- and 60-month CDs. Additionally, rates are constantly in flux. Shop around before you decide what company has the best services and rates.

I recommend: Bankrate provides up-to-date fees and interest percentages for many different money market accounts, including the current AIG money market rate. This allows you to search by dollar amount and find a list of money market accounts available to you. Money-Rates.com updates their list of money market rates daily for amounts ranging from $1 to $100,000.

Open an AIG online money market account

Open an AIG money market fund online. The AIG website allows you to sign up online, select an amount to deposit in the money market account and review the interest rate of that amount. The deposit is normally handled as a bank transfer from your checking or savings to the AIG money market account.

I recommend: Visit AIG Federal Savings Bank to sign up for an online money market account. AIG also offers an online AIG savings account for customers who want to keep their money market and savings accounts at the same bank. Read detailed instructions and frequently asked questions about setting up an online money market account at AIG Federal Savings Bank.

Use your AIG bank money market account to get discounts on other services

Many banks offer a variety of financial services from investments to traditional offerings, such as home equity lines of credit or small business consultation services. Some services are offered through affiliated companies, like investments or insurance agents. They are not agents of the bank.

I recommend: Visit the American International Group website to view all the services that AIG offers. Most AIG member discounts are available on a variety of different AIG services. AIG also offers small business insurance.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Use an AIG money market account for payroll expenses only. Interest rates are usually based on the average balance of the account. Because payroll comes out during a fixed time period it may result in your maintaining a higher rate if you replenish the AIG money market funds quickly.
• •  An AIG money market account is different from an AIG international money market fund. An AIG international money market fund is a type of mutual fund that is in government type securities.