Ally Bank CD Rates
GMAC Bank has changed their name to Ally bank, and with that comes some featured rates they have for bank certificate of deposits. They are featuring a 12 month CD rate at 2.80% APY. There new website looks pretty sharp, and after all the negative news surrounding GMAC, its not a surprise that they have changed the name.
They also feature an online savings account at 2.25% APY currently, which is not too bad compared with the going rates among other banks.
They also have a money market account which has a 1.90% APY. These accounts do not require any minimum balance, and also have no monthly fees. You will be seeing quite a few commercials for Ally bank, and they will no doubt get a lot of business with most people not realizing they were formerly GMAC.