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Surprise! “Fun Fund” Opened At…GMAC.

20 Jul

Yep, I’ve opened my “fun fund” account, and it is at GMAC. Why? Well, it offers check writing, ATM card, a fairly low min ($500), supposed fast online transfers, and a pretty competitive interest rate.

Not to mention the process so far has been amazingly painless. I’ll keep you all posted on the status of my GMAC account opening process.

I could not find any bonus/incentive offers though…and if you have, please don’t post it! I don’t want to find out after the fact. Thanks. :)

By the way, I did consider HSBC, but I already have an account there…Paypal, that would’ve been perfect, except for the possible problems with withdrawals and lack of FDIC insurance…finally, my credit union…I can still use the credit union, but I can avoid their horrid interest rates…

 
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  1. Jason

    July 26, 2006 at 12:14 pm

    I have been using gmac as my main savings account for some time and am very happy with it. I decided on it for the features you mentioned, such as check writing. Although I do like hsbc, I don’t like the transfer times they have. It takes 3 or 4 days. Way too long imo.

     

  2. C.Carl

    July 27, 2006 at 1:02 am

    Fun Fund account is really unique and also helps in fast transfer earlier about 2 to 3 days get spend on it.

     

  3. freedumb

    July 27, 2006 at 8:03 pm

    Jason, I have to agree…HSBC 3-4 day transfer time is one of my biggest gripes about it…They make up for it with their interest rates though.

    C.Carl, I’m going to have a hard time actually setting up and distinguishing it as a fund to use for enjoyment. Maybe I just don’t enjoy spending money? Nah that can’t be…I just don’t like thinking about it…until the time when it just starts flowing…

     

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    July 27, 2006 at 8:09 pm

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