GMAC Bank Online Savings Account
The savings account annual percentage yield is accurate as of 3/20/2009.
Besides offering a competitive savings account rate, there is no minimum balance requirement and the minimum open deposit is only $1.00.
There are no monthly fees on the account and you can transfer money to external bank accounts free of charge.
In December 2009 GMAC received $5,000,000,000 in funds from the U.S. Department of Treasury's Troubled Asset Relief Program (TARP).
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