GMAC Certificates of Deposit (CD)
CDs are an excellent choice for anyone willing to forgo accessibility to funds in exchange for a high-yield, low-risk investment.
The benefits of GMAC Certificates of Deposit
- The CD’s high fixed rate makes it immune to market fluctuations.
- You have the option to reinvest or receive earned interest as income.
- Our CDs are FDIC-insured up to $250,000 per depositor.
- Interest is compounded daily to maximize your earning potential.
How does it work?
Requires a $500 minimum investment.
A longer term locks in a higher interest yield CD.
If you think you won’t need the money for a while, lock it up for a longer term.
This money is not accessible (without a penalty) until the term has expired.
It is automatically renewable at maturity.
Terms are available from three months to five years
View CD Rates | Calculate how much you will save | Open an account
To open an account by phone: 1-866-246-BANK (1-866-246-2265)
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Submitted by helpyourmoney,
Updated April 21, 2009