GMAC or Capital One?

yougee · #1 (**permalink**) 07-05-2006, 10:53 AM

Which would you prefer for MMA? I can't decide which to choose.

Ima saver · #2 (**permalink**) 07-05-2006, 11:10 AM

I can't either!!

Broken Arrow · #3 (**permalink**) 07-05-2006, 11:37 AM

Strange. Why does Capital One have a High Yield MM that requires no minimum balance, but the regular MM requires $100? Both appear to give the same rate.

Ima saver · #4 (**permalink**) 07-05-2006, 01:41 PM

I think because the regular one gives you checks.

JoyJoy · #5 (**permalink**) 07-06-2006, 07:57 AM

Well let me know what you decide "guys" and why! LOL

I understand Capital One is really fast with their transfers. I don't know about GMAC. Both of them seem well worth the investment.

Broken Arrow · #6 (**permalink**) 07-07-2006, 09:07 AM

GMAC is up to 4.90% today.

poundwise · #7 (**permalink**) 07-08-2006, 06:49 AM

I think you would find that both are fine accounts to have. GMAC currently offers a higher yield, but also has a limitation in that you must maintain a balance of $500 to avoid fees.

There are, of course, other options that offer even higher yields and have no minimum balance requirement.

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