2.75% 12 Month GMAC CD Rates
GMAC CD Rates are always in flux. They raise some of its certificate of deposit rates and lower others, all in the same week. This week they raised their 12 month GMAC CD rates to 2.75% or 2.80% APY.
If you are looking for a 12 month CD, the GMAC online banking certificate of deposit rates are always competitive. In fact, right now a 2.75% 12 month CD is one of the best bank CD rates today.
In order to purchase GMAC certificates of deposits, GMAC online banking requires a minimum deposit of $500. I really like such a low barrier to entry for buying a CD. Anyone who is looking to buy a CD can afford a $500 minimum deposit.
One important thing to mention about GMAC Bank is that their financial health is in question. However, please note that this 12 month CD is FDIC insured. Don’t ever buy a certificate of deposit from an institution that is not FDIC insured.
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