0
How ridiculous to start such an unfounded rumor. Gmac arepaying the interest as it comes due exactly as agreed.I have purchased both the GMac bonds and the Smart Notes and am receiving (on time) a handsome return of over 7% in todays market.They are rated ccc and cca, there is some risk but certainly not the kind of risk this writer is trying to create.
What else can I help you with?
Should you sell GMAC bonds?
In a conference call CFO indicated that 2008 would be better than 2007 for GMAC; based on that one would expect there might be improvement in the value of GMAC bonds later in the year - so hold for now.
Is gmac bonds likey to go into default?
the bonds are down 70%.....doesn't look good, does it?
What kind interest rates are available through GMAC finance?
GMAC has interest rates depend on where the loan is being taken out at in the country, the general interest rate of the economy at the time and the buyers credit. The GMAC loan is not for everyone, and only applied to certain people purchasing only a GM car.
What is the interest rate on a Gmac mortgage loan right now?
The interest rate of a Gmac mortgage loan is very variable. Based on the amount of time to pay it, the interest rate and total payout will increase with additional time.
What banks offer the highest CD interest rates?
GMAC Bank has the highest CD interest rate at 2.80%. GMAC Bank also has the highest rate on 12/3 at 3.75percent with a minimum of 500 deposited for a 6 month CD.
Should you sell GMAC bonds?
In a conference call CFO indicated that 2008 would be better than 2007 for GMAC; based on that one would expect there might be improvement in the value of GMAC bonds later in the year - so hold for now.
Is gmac bonds likey to go into default?
the bonds are down 70%.....doesn't look good, does it?
What kind interest rates are available through GMAC finance?
GMAC has interest rates depend on where the loan is being taken out at in the country, the general interest rate of the economy at the time and the buyers credit. The GMAC loan is not for everyone, and only applied to certain people purchasing only a GM car.
What is the interest rate on a Gmac mortgage loan right now?
The interest rate of a Gmac mortgage loan is very variable. Based on the amount of time to pay it, the interest rate and total payout will increase with additional time.
What banks offer the highest CD interest rates?
GMAC Bank has the highest CD interest rate at 2.80%. GMAC Bank also has the highest rate on 12/3 at 3.75percent with a minimum of 500 deposited for a 6 month CD.
Why some bonds are taxable in Federal as well State?
Nearly all bonds are taxable both federal and state. To be exact, the interest the bonds pay is taxable (as well as any capital gain resulting from trading bonds). The reason is that the tax code taxes interest. Bonds are a way of borrowing money and paying interest to the lender. Bonds issued by the federal government are exempt from state taxes. Bonds issued by states and municipalities are mostly exempt from federal taxes (and exempt from taxes in the state that issued them in some states).
What is the address of GMAC?
What is the address for GMAC
Which earns interest stocks or bonds?
bonds
Where can one find the interest rates for a GMAC mortgage?
As of February 1, 2013 GMAC Mortgage is no longer offering home loans because that part of the company has been sold off. More information is available about this on their official website.
How can you eliminate the interest and penalties on your student loan?
The penalties by paying on time. The interest by paying it off.
What is the deferred interest listed on hh bonds?
When a person redeems/cashes in any savingsbond, they have to pay taxes on the interest they earned on that bond. Instead of cashing in those savingsbonds and having to report all of that interest made and paying taxes on it, people used to be able to buy HH bonds with their other bonds. Because they only converted one bond to another, they did not have to pay the tax on the interest they earned. 'Deferred Interest' is the amount of interest earned on the bonds that were used to purchase your HH bonds, and it is also the amount that you would have to pay taxes on upon redeeming/cashing in your HH bonds. I had difficulty understanding this term as well, until I went to my bank and had it explained to me in plain language. PS. HH bonds are pretty neat. I just received a few that haven't matured yet and am getting them reissued in my name so that I can receive the interest payments as opposed to redeeming them right away for face value and missing out on the interest they could earn. It's not a lot of money, but at least it'll end up paying for the taxes I'd owe on the 778.00 in deferred interest. (That's a lot of tax!) I hope this makes sense!
What rates do US Saving Bonds offer?
The current interest rates of US Saving Bonds are 0.2 percent for Series EE Bonds. Series I Bonds have interest rate of 1.18 percent. Series HH Bonds have interest rate of 1.5 percent.
