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GMAC 4% 1-Year CD

December 24th, 2008

GMAC Bank has always been a leader in high yielding CDs and continues to be today. They’re currently offering a 4.00% APY on a 1-Year CD which is a very high interest rate for only a 1-Year term. GMAC typically changes their rates on Fridays, so you may have to act fast if you want to lock in this rate.

GMAC’s saving account currently offers 3.75% with no minimum balance and no fees. It’s one of the best savings online savings accounts in my book.

GMAC is a FDIC insured bank and as I always advise, stay below the FDIC limits. What’s the FDIC insured limit? $100,000.

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