A survey of current CD rates and terms at GMAC Bank. View our latest survey of the APY interest rates paid for certificates of deposit by term for the major and minor banks and credit unions that includes but is not limited to: Citibank, BofA, Chase, Wachovia, Taunus, Wells Fargo, HSBC, US Bancorp, Suntrust, ABN, Citizens Financial, Capital One, National City, PenFed, World Savings, Countrywide, and many more.
GMAC Bank Best CD Rates with FDIC as of 5/18/08
| Definition: A Certificate of
Deposit or CD is certificate from a bank stating that the named party
has a specified
sum on deposit, usually for a given period of time at a fixed rate of
interest. Often there is a penalty for early withdrawal (taking
your money out before the specified period of time.)
The rate assigned will be the rate in effect as of the date that your initial deposit is received. The CD term you desire (for example, 3 months) will begin on the day that your initial deposit is received by GMAC Bank. Interest compounded daily. $500 minimum opening deposit required. Fees could reduce the earnings on account. Penalty for early withdrawal.
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