24 Month GMAC CD Rates

GMAC Bank has some of the best CD rates. One of the rates that I particularly like is the 24 month GMAC CD rates. This 24 month CD has an APY of 4.45%.

GMAC CD interest rates are very good. In addition to the GMAC 24 month CD, GMAC 12 month CD rates are 4.25% APY. And, the GMAC 9 month CD rates are 3.80% APY. All and all these are great CD rates.

GMAC requires a minimum deposit of $500 to purchase a certificate of deposit. A $500 minimum deposit for a certificate of deposit is about as low as you will find. This is a good minimum deposit. Many banks will charge $1,000 to up to $25,000 as a minimum deposit.

When purchasing a CD make sure that you can go without withdrawling your money for the entire term of the CD. IF you withdrawal your money early, you will pay a substantial fee. The fee is so high that you would be better off just settling for the lower interest rates offered by an online savings account.

Investing in bank CDs is great way to make the most interest on your money. Make sure your bank is FDIC insured. By the way, the GMAC CDs are FDIC insured. I would never buy a certificate of deposit that was not FDIC insured.

So, check out the 24 month GMAC CD rates and the other GMAC certificates of deposits. GMAC usually updates its CD rates every month. Check back here because we will review the December GMAC CD rates in a future article.

Tags: 24 month cd, 3 month CD, 9 month cd, 9 month cd rates, bank cd rates, bank CDs, GMAC Bank, GMAC CD Rates

Comments (3)

3 Responses to “24 Month GMAC CD Rates”

Bessie Weaver Says:

I would like to open a 24 month cd

Jim Rogers Says:

Are these rates current offerings, or stale news. I went to the GMAC Bank website and found lower rates. Please explain. Thanks

Rea Says:

Are these 4.45% cd 12 month rates up to date?
please respond to my e-mail

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