Certificates of Deposit

Certificates of Deposit

 % Annual
Yield (APY)


Certificate of Deposit Overview


Certificate of Deposit Calculator


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, Calabasas, CA, informars.com. Rates are only as accurate as the information reported to Informa by the banks.


Compare Our Certificate of Deposit Rates with Largest U.S. Banks


The comparison is limited to the largest U.S. banks and does not include rates of other online banks. Rates of the selected banks were obtained from Informa Research Services, Calabasas, CA, informars.com, and reflect New York certificate of deposit rates for similar products offered at the select banks with a minimum balance of at least $2,500. Rates are only as accurate as the information reported by the banks.


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 GS 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

There are three ways you can add money to your Account:

  • Transfer funds between your GS 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 GS Bank Routing Transit Number, wire transfer address and your Account number.

    Routing Transit Number (RTN): 1240-8526-0
    Wire Transfer Address: Goldman Sachs Bank USA
      200 West Street
      New York, NY 10282
  • Send a check by U.S. mail (please don’t send cash).
  • Goldman Sachs Bank USA
    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 Goldman Sachs Bank USA. Please endorse the back of any check with the words “For Deposit Only” and include your Account number.

Note: If GS Bank does not receive funds within 30 days of opening your CD, GS Bank may consider your Account closed.

GS Bank’s 10-day CD Rate Guarantee ensures you get the highest interest rate we offer during the ten-day period starting on the day you open your Account, provided you fund your CD during this 10-day 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 GS 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. 

We will send you a Maturity Notice before your CD’s maturity date. There is a 10-day grace period during which you may renew or close your CD, or make any changes to your CD’s term or amount. The grace period begins on the day after the CD maturity date and runs for ten days (maturity date plus 10 days). To make changes or close your CD, please call us at 1-855-730-SAVE (7283) during the 10-day grace period.

If you do not contact us by the end of the 10-day grace period, your CD will automatically renew for another term. The renewal term will begin (retroactively) on the day after the maturity date of the previous CD term. The principal balance for the renewal term will be the total balance in the CD (principal plus the interest that was not previously withdrawn) on the date the CD account is renewed. Your CD will receive the highest interest rate and APY we offer for the same CD product and term available during the 10-day grace period. A confirmation will be sent verifying the renewal terms.

Yes. Sign in to Online Banking and the maturity date will be displayed in the CD Account details page.

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 associated with your CD at GS Bank. However, if you withdraw the principal from your CD Account prior to maturity, except in limited situations, you will be charged an early withdrawal penalty.

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. Click here for more information about CD laddering, or call us toll free at 1-855-730-SAVE (7283) Monday through Friday, 7am to 11pm CT.

To build a CD ladder, simply open a combination of GS 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 potentially higher long-term rates.

Call us toll free at 1-855-730-SAVE (7283) Monday through Friday, 7am to 11pm CT to learn more.

You have 30 days from the day you open your CD Account (opening day plus 30 days) to fully fund your CD Account. You are not permitted to deposit additional funds into your CD Account after it has been open for more than 30 days from the day of opening.

For more information, view all FAQs