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What is Demand Notes?

April 26, 2017DEMAND notes

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What is Demand Notes?

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Posted

Demand Notes offer eligible GM/GMAC Family Members a convenient means of investing funds directly with GMAC. Demand Notes is an unsecured and unsubordinated debt obligation of GMAC ranking equally with all of our other unsecured and unsubordinated obligations. Demand Notes is neither a money market fund (which is generally a diversified investment consisting of investments in short term debt securities of many companies) nor a bank account and is not FDIC insured. Demand Notes is offered in the U.S. by prospectus only.