Finally a rate hike worth mentioning. GM Financial Right Notes now pays !.75%. Yep you heard it here first. Only a $500 minimum investment is required to open an account and no frustrating tier level interest rates either. Unfortunately unlike the old GMAC demand notes or Dominion Energy reliability investment this account only allows you to link one external bank account and does NOT offer 3rd party ACH bill pay or a free checkbook(A situation which hopefully will be remedied in the future hint hint ; )) It does however move quickly with FED rate hikes in my experience and that alone makes it worth consideration IMO. No it's not FDIC insured just like all other corporate debt accounts. The processing agent is The Bank of New York Mellon unlike most of these accounts which use The Northern Trust Co. Also like all the other corporate debt accounts there is no annoying 6 withdrawal per month or small ACH transfer headaches to deal with. Here is the link for more info: https://www.rightnotes.com/#contact
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