The Automatic Sweep Option moves available cash held in your SunAmerica Trust Company ("STC") Individual Retirement Account ("IRA") into an interest-bearing savings account ("Savings Account") held at AIG Federal Savings Bank ("AIG Bank").
Below is the Interest Rate and Annual Percentage Yield for the Savings Account:
Questions concerning your STC IRA should be directed to your Financial Advisor.
IMPORTANT NOTE
It is your responsibility to monitor the total aggregate amount of deposits that you have at AIG Bank and to determine the extent of FDIC insurance coverage that is available to you.
Questions about FDIC Deposit Insurance Coverage: If you should have any questions regarding FDIC Insurance coverage, you may contact the FDIC, Office of Consumer Affairs, by letter (550 17th Street, N.W., Washington D.C. 20429), by phone (1-877-275-3342, 1-800-925-4618 (TDD) or 1-202-942-3100), by email (dcainternet@fdic.gov) or by accessing the FDIC website at www.fdic.gov.
The insurance and non-deposit investment products offered by the Broker are (a) not FDIC insured, (b) not deposits or obligations of AIG Federal Savings Bank, (c) not guaranteed by AIG Federal Savings Bank; and (d) subject to investment risk, including possible loss of principal amount invested. The Bank is a wholly-owned subsidiary of American International Group, Inc. The Broker is an affiliate of and under common ownership with AIG Bank. AIG Bank is regulated by the Office of Thrift Supervision ("OTS") under various Federal banking laws and regulations. The Bank is "well capitalized" pursuant to the regulations of the OTS.
Each Savings Account constitutes an obligation of AIG Bank and is not directly or indirectly an obligation of the Broker. You can obtain publicly available financial information concerning AIG Bank at The National Information Center or by contacting the FDIC Public Information Center by mail at 801 17th Street, N.W., Room 100, Washington, DC 20434 or by phone at 1-877-275-3342. The Broker does not guarantee in any way the financial condition of AIG Bank or the accuracy of any publicly available financial information concerning it.