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This article was written by in Banking. 2 comments.

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.

Updated July 16, 2010 and originally published January 11, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

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avatar Donald Roberts

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

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