GMAC Bank has 12 month bank CDs (1 yr cd rate) at 3.75% APY making their certificate of deposit rates highest right now. Countrywide bank by comparison has their 1 year CDs at only 2.10% Annual percentage yield. INGdirect’s 12 month CDs are at 2.75% APY.
GMAC Bank has the best certificate of deposit rates for right now for CDs with a life of 3 months to 3 years. They only require $500 minimum to open a new CD account and they are FDIC insured.
Here is a list of GMAC Bank’s current CD rates:
Term
Rate
APY
3 months
3.20%
3.25%
6 months
3.68%
3.75%
9 months
3.73%
3.80%
12 months
4.16%
4.25%
18 months
4.17%
4.26%
2 years
4.35%
4.45%
3 years
4.40%
4.50%
4 [...]
GMAC Bank has the highest short term CD rates around at over 3.4 % APY for all of their certificates of deposit. If you want to invest your 2008 tax stimulus check money with zero risk then a CD may be right for you. Here’s a list of GMAC Bank’s current CD Rates:
Term
Rate
APY
3 [...]