GMAC Bank CD Rates
We reviewed GMAC CD Rates last summer, when certificate of deposit rates were much higher. Though rates have dropped with the economy, FDIC insured CDs are a pretty safe bet for your money in these uncertain times. So, Best CD Rates Info decided to take another look at GMAC Bank CD rates to see what they are offering these days.
The GMAC 1 Year CD has an interest rate of 2.81%, and an Annual Percentage Yield (APY) of 2.85%. These days, that seems like a decent rate for a 12 month CD, even more so when you learn that the minimum deposit for this GMAC certificate of deposit only $500.
The news only gets better when you look at the GMAC 2 year CD that currently has an interest rate of 3.05%, and an APY of 3.10%. This GMAC certificate of deposit also requires a minimum investment of $500.
The GMAC 5 year CD earns an interest rate of 3.44%, and an APY of 3.50%. Once again, a $500 minimum investment is required for this certificate of deposit.
These CD rates at GMAC Bank are among the best CD rates available these days. As always, please remember that interest rates and other terms can change quickly and vary by city, so be sure to confirm the current rates and other terms available in your area by checking the GMAC online banking web site.
[...] you on GMAC Bank CD rates, so we here at Best CD Rates Info thought it was time to do it again. GMAC CD rates are almost always at the top of the list of the best CD rates nationally. Of course, GMAC has [...]