Certificate of Deposit Calculator
Earn $XXX more interest than with the National CD Average.
|GE CAPITAL BANK|
The calculator is for illustrative purposes only and may not apply to your individual circumstances. Calculated values assume that principal and interest remain on deposit. APYs are subject to change.
The National Average is based on the APY average for certificate of deposit accounts with a minimum balance of at least $2,500 offered by the top 50 U.S. banks (ranked by total deposits) as reported by Informa Research Services, Inc. Calabasas, CA, informars.com. Rates are only as accurate as the information reported to Informa by the banks.
Compare Certificate of Deposit Rates
Competitor comparison rates obtained from Informa Research Services, Inc. Calabasas, CA, informars.com, using Illinois certificate of deposit rates with a minimum balance of at least $2,500. Rates are only as accurate as the information reported to Informa by the banks.
Certificate of Deposit Articles
“CD laddering can be an effective way to fight the temptation to spend.”
Are you looking to protect your emergency funds—from yourself? Maybe you want to diversify your portfolio? CD laddering can be an effective way to fight the temptation to spend, and bring balance to your investments...Read more
How to Apply
Before you begin your application, be sure to have the following Primary and Joint Ownership information on hand: Social Security Number, date of birth (Account Owners must be at least 18 years old), email address (required for online applications only), and valid US street address (no PO Box). If you plan to fund your Account electronically, you’ll also need your existing bank account and routing number.
If you are an existing GE Capital Bank customer, please Sign In to begin your application.
Select a Primary or Joint Owner
Select a Savings Product
Review, sign, and submit application
Fund by electronic and wire transfer
Register for Online Banking
Certificate of Deposit FAQs
The minimum deposit is $500.
There are three ways you can add money to your Account:
- Transfer funds between your GE Capital Bank Accounts and external bank accounts that have been linked in Online Banking.
- Send a domestic wire transfer from another bank. You will need to provide the GE Capital Bank routing number (1240-8526-0) and your Account number.
- Send a check by U.S. mail (please don’t send cash).
GE Capital Bank
PO Box 4571
Carol Stream, IL 60197-4571
Please make the check payable to your name (make sure the name is the same as on the account) or GE Capital Bank. Please endorse the back of any check with the words “For Deposit Only” and include your Account number.
Note: If GE Capital Bank does not receive funds within 30 days of opening your CD, the Account will be closed.
GE Capital Bank's 10-day CD Rate Guarantee ensures you get the highest interest rate we offer during the ten day period from when you open (the day you open your Account plus nine calendar days) your Account if you fund your CD during this period.
The interest you earn on your CD will be added to the principal balance of your CD. If you’d prefer, you can transfer the monthly interest earned to your GE Capital Bank Savings Account or to one of your linked external bank accounts. You also have the option to withdraw penalty free any interest credited to your account at any time during the term of the CD. Please call us at 1-855-730-SAVE (7283) to set up interest disbursement.
There is a 10-day grace period to renew or close your CD. The grace period begins on the CD maturity date and runs for ten days (maturity date plus nine calendar days). You may change the term and/or the amount of the CD upon receipt of your renewal notice until the conclusion of the grace period. Please call us to make any changes.
If you do not contact us by the end of 10-day grace period, your CD will automatically renew at the same term and amount. Your CD will receive the 10-day CD Rate Guarantee, and a confirmation will be sent verifying the renewal terms.
Yes, you will receive a confirmation when your CD automatically renews. The confirmation will be sent out after the 10-day grace period concludes.
You will not receive a certificate for your CD. However, we will send you a confirmation letter ten days after we have received your opening deposit. This confirmation is your official record, so please save it for your reference.
There are no transaction fees at GE Capital Bank.
A CD ladder is a group of CDs with varying maturity dates. CD ladders allow you to take advantage of favorable interest rates and maintain access to your money more frequently than with a single, long-term CD. Call us toll free at 1-855-730-SAVE (7283) Monday through Friday, 7am to 11pm CT to learn more.
To build a CD ladder, simply open a combination of GE Capital Bank CDs with varying maturity dates.
For example: If you have $20,000 to invest over four years, you would open a 1-, 2-, 3-, and 4-year CD and fund with $5,000 each. At the end of each term, you would renew the maturing CDs into a new 4-year CD. By choosing to ladder, you are able to take advantage of the higher long-term rates.
Call us toll free at 1-855-730-SAVE (7283) Monday through Friday, 7am to 11pm CT to learn more.
Funds can only be added to existing CDs during the grace period at maturity. However, you can open a new CD at any time. Please Sign In or call us toll free at 1-855-730-SAVE (7283) Monday through Friday, 7am to 11pm CT to get started.
For more information, view all FAQs