Best 12 Month CD Rates – GMAC Bank CD Rates
If you are looking for the best 12 month CD rates, the GMAC Bank CD rates and the Flagstar Bank CD rates offer some of the best 12 month CD rates. There are other banks that offer higher CD rates, but I wanted to focus on nationally available certificates of deposits.
The best 12 month CD rates right now are those offered by GMAC Bank. GMAC bank is currently offering 4.00% 12 month CD rates. If you are looking for a 1 year CD, the GMAC certificate of deposit is pretty good at 4.00% APY. GMAC Bank only requires a minimum deposit of $500 to buy a CD.
The Flagstar Bank CD rates on its 12 month certificate of deposits are 3.75% APY. Like GMAC Bank, Flagstar Bank only requires a minimum deposit of $500 too.
While the Flagstar Bank CD rates are good, GMAC Bank CD rates are still the best 12 month CD rates. As the Federal Reserve attempts to lower interest rates, other online banks have been lowering their certficate of deposit rates. But GMAC online banking has continued to offer great rates.
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