GM Right Notes. Not FDIC insured. Currently pays 5.5%. The rate floats with the FED discount rate. Interest is calculated daily and paid monthly on your balance. Entirely online. You can withdraw any or all of your money at any time without penalty via either EFT or wire transfer The plan is managed by Bank of New York Mellon. This is essentially a loan to General Motors but the account functions like a savings account. Mercedes and Toyota have similar products but have lower rates.
Google GM Right Notes.
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