We may see similar moves by other banks. As a recent Bloomberg article describes, bond yields have skyrocketed in the last few days. The 10-year Treasury yields have increased to their highest level since May 2002.
Please refer to my GMAC CD post for more info about GMAC CDs. For more info on GMAC's money market account, please see my GMAC Money Market Account review post.
GMAC Bank is FDIC insured (FDIC Certificate # 57803).