Credit for this one goes to Bankdeals. You must be an AARP member to open an account. I would love to know how they can afford to pay this APY; it's at least 1/2% higher than every other bank in the industry. LINK
The fine print is confusing but it appears that while the inital account is FDIC insured, the intermediate agent has the right to move it to any bank they wish. It is not assured that the next bank is FDIC insured. There are to fees paid by the the borrower. One to AARP and one to a finanical agent.