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GMAC Raises CD Rates

Category: CD Rates- gotalkmoney.com- 1:50 pm/ March 11, 2008

GMAC raised all of their rates this week offering some very competitive rates.  The nice thing about GMAC is that they offer a very low minimum balance at $500.  Their customer service is also a major plus.  If you have a little bit of money to set aside, I recommend you check out the rates this week.  When rates jump this high from a bank, they tend to drop just as quick within a few days.

Below are GMAC’s rates as of March 11, 2008

3 month - 3.50% APY - #7 / 10

6 month – 3.60% APY - #9 / 10

1 year – 3.60% APY - #5 / 10

18 month – 3.60% APY - #5 / 10

2 year – 3.75% APY - #1 / 10

3 year – 4.00% APY - #1 / 10

5 year – 4.15% APY - #2 / 10

The numbers noted after the APY rates are how they rank compared to other nationwide banks.

For more information on these rates, check out GMAC’s website.

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