GMAC Bank CD Rates
GMAC Bank has the highest 1 year CD rates at 2.81% APR, 2.85% APY. If you’ve been paying attention to investment product interest rates then you’ll know that this is one of the best certificate of deposit rates around.
Interest is compounded daily however there is a fee for early withdrawal that could outweigh the interest earned. There is a required minimum opening deposit of $500 dollars.
GMACBank also has online savings accounts and online money market accounts. Money market account rates are decent at 1.98% APR, 2.00% APY. GMAC Bank savings account rates are also high at 2.47% APR, 2.50% APY. Money market accounts and online savings accounts are a better choice for those that need instant access to their money since there are no early withdrawal fees.