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GMAC Bank

Established in 2001, GMAC Bank is in the same family as General Motors (GM) and its financial arm, GMAC Financial Services (GMAC). We are proud to offer the same unparalleled service and stability that have made GM one of the most well-respected companies in the world.

As an online bank, we have low overhead, which allows us to pass great interest rates on to you. We offer a high-yield Money Market Account, a variety of fixed-rate Certificates of Deposit, and a Private Education Loan Program that can help college students and their families fund their dreams of a higher education.

 

Website: http://www.gmacbank.com/
   
Phone Number: 1-866-2GMBANK / 9AM - 9PM Mon - Fri
   
Address: GMAC Bank Customer Care Department
P.O. Box 951
Horsham, PA 19044
   
Minimum Balance $500 (money market), $500 (CDs)
   
Interest: compounded daily
   
ATM Withdrawl Fees: Six withdrawls per month at no charge.
   
Fees: Excess Withdrawls: $10
Maintence Fee: $5 if balance if balance falls below $500.
   

>> Current GMAC Bank Money Market Rates

>> Current GMAC Bank CD Rates

 

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Comments

Tom
26 Oct 2007, 12:59
I've been banking with GMAC for quite some time now and I've never had any troubles. They offer competitive rates and friendly customer service.
Jack
30 Apr 2008, 23:22
Very nice bank. Never have problems with them. Just a little worry about their FDIC problems coming this November.

It should be cool if your deposit is under FDIC limit.
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