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.

Related posts:

1. GMAC 4% 1-Year CD
2. Acacia Federal Savings Bank 3.25% 3 Year CD
3. Melrose Credit Union 2.22% APY 1 Year CD
4. Meriwest Credit Union 4.20% 5 Year CD
5. BankUnited 2.75% APY 2 Year CD
6. Charter Bank 2.75% 14 Month CD
7. MetLife Bank 3.75% 2 Year CD

CD Rates