GMAC Bank

A reader emailed me to ask why GMAC Bank was not listed on my table of high-rate savings and checking accounts. They are currently offering 4.2% APY (4.3% APY on balances above $500), but there are restrictions and fees.

I added the information from GMAC’s Money Market Savings Account to the list, making note of the restrictions.

Rating: 0.0/5 (0 votes cast)

Email this article

About the Author

Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

If you enjoyed this article, get the free RSS feed or get daily emails.

Join the free Consumerism Commentary newsletter. Enter your email address here to receive weekly emails with behind-the-scenes information, exclusive giveaways, and money tips.

Related Entries on Consumerism Commentary

GMAC Bank is Now Ally Bank, FNBO Direct Lowers Interest Rate: In an effort to distance itself from the General Motors...
GMAC Asking for a Third Bailout From Taxpayers: Through today, GMAC has received government bailout funds totaling $12.5...
GMAC Online Savings Account: Flatbeer asked me: GMAC raised the interest rate to 4.75% ($500...
FDIC Steps In to Keep Ally Bank’s Interest Rates Lower: The American Bankers Association (ABA) has not been happy with...
Ally Bank Increases Interest Rate to 1.64% APY: While most banks are still lowering their interest rates, Ally...

{ 1 comment… read it below or add one }

1 Donald Roberts July 11, 2008 at 1:12 pm: I have a friend who would like to invest some money with you and he does not have a computer. He would like to call you. Could you give me your phone number? Don
UN:F [1.7.5_995]

please wait...

Rating: 0.0/5 (0 votes cast)

Reply to this comment

harm: I like Ben, but with his recent gig playing a tout for a credit bureau has almost destroyed his credibility for me. grrrrrr on Ben Stein Offers Four Lessons From the Recession

LeanLifeCoach: In the end how much will the IRS really get; 10% maybe 20% of all this money? And how much will we spend collectively in actual dollars and... on Enforcing Tax Laws Works. Go Figure.

jammer(six): I’d like to buy it and turn it into a huge paintball arena. :-) on Pontiac Silverdome Sold for Less Than a House

Tom Dziubek: Imagine the kind of party you could throw in there. on Pontiac Silverdome Sold for Less Than a House

Jim: Would better IRS enforcement make a big dent? No. Even if the IRS was perfect in enforcing law and collecting all debts it would probably not increase... on Enforcing Tax Laws Works. Go Figure.