Quote:
|
Originally Posted by CRFSaver
GMAC also has a program that is not FDIC insured called demand notes that pay about 5.25% right now but again there iss the risk you would become a general creditor of GMAC. Of course GMAC is immensly profitable. It is the car manufacturing operation that is pulling it down. Most likely GMAC would be sold or spun off before or during a GM bankruptcy.
|
CRFSaver, the demandnotes site seems to indicate only employees, their families, and shareholders have access to the program. Do you know if this is a hard and fast rule or do they let anyone with the desire purchase? I ask because they are up to 5.75% now. (but riskier of course with no FDIC insurance).