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Is GMAC Bank Insured by the FDIC?

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Is GMAC Bank Insured by the FDIC?

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Yes, GMAC Bank is insured by the Federal Deposit Insurance Corporation, up to $250,000 per depositor. On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009.

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Yes, GMAC Bank is insured by the Federal Deposit Insurance Corporation, up to $250,000 per depositor.

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