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.

Related posts:

1. 3.25% GMAC 3 Month CD Rates
2. GMAC CD Rates
3. GMAC CD Rates Reviewed

Capital One 60 month CD

One of the best cd rates at capital one is its 60 month CD.  The Capital One 60 month CD currently has a bank cd rate of 5.20% APY.  This represents and increase in the Capital One CD rates for the 60 month CD.  This is one of the best cd interest rates for a 5 year CD.

Capital One 24 month CD

The Capital One 24 month CD rates are 4.50% APY. These are great bank cd rates for a 24 month CD.

All of these CDs have a minimum deposit of $1,000 so they are very affordable.  The real question is wether you will need access to this money prior to the expiration of the certificate of deposit term.

Related posts:

1. Capital One CD Rates Update
2. 2010 CD Rates – Will CD Rates Improve in 2010