GMAC Bank currently has some of the highest long term CD rates available. Here are some current GMAC Bank CD Rates:
| Balance | Term | Rate | APY |
|---|---|---|---|
| $500 or more | 3 months | 3.44% | 3.50% |
| 6 months | 3.54% | 3.60% | |
| 9 months | 3.54% | 3.60% | |
| 12 months | 3.83% | 3.90% | |
| 18 months | 3.54% | 3.60% | |
| 2 years | 3.68% | 3.75% | |
| 3 years | 3.92% | 4.00% | |
| 4 years | 3.92% | 4.00% | |
| 5 years | 4.07% | 4.15% |
$500 minimum opening deposit required. Deposit term will begin upon receipt of initial deposit. Your interest rate will be the one in effect on that date. Interest compounded daily. Fees could reduce the earnings on account. Penalty for early withdrawal.
The rates on their savings/moneymarket accounts are also pretty high:
| Balance | Rate | APY |
|---|---|---|
| $0 – $499.99 | 2.86% | 2.90% |
| $500 – $4999.99 | 2.96% | 3.00% |
| $5000 or more | 2.96% | 3.00% |
