GMAC Money Market Savings Account Rates

GMAC is a bank that provides great rates of interest. It is an Online Bank having low overheads, thus passing great interest rates on to its customers. It assures you speed, convenience and security by combining personal banking with Internet Technology. At the same time it gives you the confidence and stability of a traditional bank. You can easily enroll for online banking and open your accounts through their website http://www.gmacbank.com. Their Money Market Account offers high yields.

You can get started with a Money Market Deposit Account with an opening deposit of as low as $50. Your interest earnings will grow with your increasing balance. Following are the details of the interest rates as offered for different balances:

- A balance of $0 to $499.99 earns interest of 2.86% having 2.90% APY.
- A balance of $500 to $4999.99 earns interest of 2.96% having 3.00% APY.
- A balance of $5000 or more earns interest of 2.96% having 3.00% APY.
* The above APYs have been noted as on 05/23/2008.

@ Your funds are insured by FDIC.
@ A restriction of six transaction per statement applies for a Money Market Account.
@ There will be no monthly fees on maintaining a minimum balance of $500.

This account is best suited to you if you want to earn a higher interest rate than a traditional savings account. You will still have 24×7 access to your money, plus the liquidity, flexibility and accessibility of a checking account.

You can easily get started by opening your account online https://secure.gmacbank.com/GMACWebClient/customerCreation.do
OR
by phone: 1-866-2GMBANK (1-866-246-2265).