GMAC Bank 3.1% 2 Year CD
GMAC Bank is offering a 3.1% 2 year CD with only a $500 minimum deposit. The national average for certificates of deposit is just over 2%, so this rate beats the national average by a full percentage point.
Some savings accounts may offer you a higher rate, but most of the higher rates these days don’t last long, so if you’re looking to lock in your rate this would be a good option.
GMAC Bank is one of the more secure banks with a 4 out of 5 star rating from bankrate.com and of course all funds are FDIC insured.