The day has come...one of my stocks just lost slightly over 80% today due to the sub prime woe (Alt-A to be more specific). Some other stocks are being hit very hard lately but no one gets close to this one.

Last week the market reminded me of the post-911 market but back then I have a much smaller portfolio so to me materially this market correction, to put it conservatively, pounds my portfolio much harder than 911 plus and the dot com crash combined.

This is going to be a long summer to bear...

I started to use Internet bank back in 2000 to enjoy the higher yield. Then ING Direct came along so I jumped to them right away. Later on Citibank came up with a 5% online savings account that just beat every one else's yeild so I moved again.

Unfortuantely, a few days ago I realized Citi had lowered the yield to 4.25%, much lower than what other institutions are offering.

After some research on Bankrate.com I found GMAC with a 4-star rating that offers a yield of 5.3% APY. That sounds pretty good to me, but I'd like to know if any one on this board has any experience with GMAC before I dump Citi. Please share your experience with me.