Money Market Savings

In comparison to most traditional savings accounts and other money market savings accounts, a GMAC Bank Money Market savings account offers a higher interest rate plus the liquidity, flexibility and accessibility of checks and a debit card.

Who is this product for?

Looking to earn a high yield, with the convenience of being able to access your money via check, debit card, or ACH? Then this could be the right account for you!

What are the benefits?

  • A higher yield on your deposit than a traditional savings account.
  • Easy access to your money through checks and a Debit Card (up to six withdrawal transactions per statement cycle, three of which may be checks or point of sale transactions).
  • A minimum opening deposit of only $50.
  • No monthly service fees when you maintain a $500 minimum balance.
  • FDIC-insured up to $250,000 per depositor. (Learn More)
  • No minimum balance required.

How does it work?

All it takes is a $50 minimum opening deposit, and there’s no minimum to maintain. Balances under $500 are subject to a monthly maintenance fee.

How do I get started?

Getting started is easy! Simply complete an application (online, by phone or by mail), fund your account, and start earning!