Gmac CD Rates | Savings Account Deals

While Gmac Bank has received nothing but bad news in the last 6 months, its interesting to find that just as many people are looking for their CD rates as well as how they are performing. Currently Gmac has a 2.90%APY listed on their homepage as of 2/26/09.

This is a little low compared to other banks right now, but if you were with Gmac bank or are planning on opening a CD with Gmac I’m sure you are wondering if it is safe or not. If a bank is FDIC insured then it doesn’t matter if the bank goes under, whatever amount of money you have invested within the $250,000 limit is safe.

For those looking at opening a savings account with Gmac bank you might like to know that their current rate is 2.75% APY which is not too bad at all. For further information check with a Gmac bank representative on current checking account rates as well as online banking.

Bank Update: Gmac has opened a new bank by the Name of Ally Bank. Read more information on Ally Bank CD Rates and other bank deals under the new name.