GMAC CD Rates
GMAC Bank is a part of the GMAC Financial Services family, and is a truly global financial institution. So, Best CD Rates Info thought we would review GMAC CD rates in our search for the best CD rates to see if using a GMAC savings certificate of deposit would get the most return for your money. We found a few GMAC Bank CD interest rates that are worth noting, which we will discuss below.
The GMAC 12 month CD provides an interest rate of 3.97 precent, and an Annual Percentage Yield of 4.05 percent. To us, that seems like a pretty nice rate for a 1 year CD, especially when you consider that the minimum deposit for this GMAC bank CD is only $500.
The GMAC 3 year CD had an interest rate of 4.40 percent, and an Annual Percentage Yield of 4.50 percent. This CD also requires a minimum GMAC investment (or minimum deposit) of $500.
The GMAC 5 year CD has an interest rate of 4.93 percent, and an Annual Percentage Yield of 5.05 percent. Any CD interest rates that rise above five percent rank among the highest CD rates that we normally encounter in today’s market. Again, a $500 minimum investment is required for this certificate of deposit.
These GMAC CD accounts seem very interesting to us. Please remember that interest rates and other CD terms can change with time and vary by region, so to confirm current rates and other terms available in your area, please be sure to check GMAC online.
[...] reviewed GMAC CD Rates last summer, when certificate of deposit rates were much higher. Though rates have dropped with [...]