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GM Right Notes Now 5.39% APY

fred_b
  |     |   172 posts since 2022

GM has boosted its rates to 5.25% APR 5.39% APY. I expect DERI (Dominion Energy) to match this on Monday. Let's hope more liquid accounts join the 5%+ club.

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sams1985
  |     |   781 posts since 2022
Are these notes liquid and how does one purchase them ?
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GH1
  |     |   1,058 posts since 2017
Has any note from GM defaulted that you are aware of. What happened when they took the bailout years ago?
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GH1
  |     |   1,058 posts since 2017
This was written in 2010 by mainstay capital. Clearly i can see allocating a small portion.

chrome-extension://bdfcnmeidppjeaggnmidamkiddifkdib/viewer.html?file=https://www.mainstaycapital.com/pdf/GMAC_2010_01_22.pdf
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111
  |     |   672 posts since 2019
If GM Right Notes is "now" paying 5.39% APY, as stated in the title of this thread, why does their website (https://rightnotes.com/) say "All investments earn 5.00%"?
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3
GregoryInBelize
  |     |   193 posts since 2022
I would not touch anything with a GM name on it with a 10 foot pole.
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111
  |     |   672 posts since 2019
Actually, GM is not doing too bad right now (knock on wood!). On the other hand, Rivian? Lucid? Take a look at their burn rates (lol).
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Rickny
  |     |   1,298 posts since 2017
GM Right notes are issued by GM Financial which is a subsidiary of GM Corp. GM Corp is not responsible for the notes which are unsecured debt. GM Finacial has a Fitch rating of BBB-. https://www.fitchratings.com/research/corporate-finance/fitch-revises-gm-gm-financial-outlooks-to-positive-affirms-idrs-at-bbb-02-05-2022
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