Marcus CD Rates

Marcus by Goldman Sachs is an online bank that offers a variety of accounts, including three types of CDs: a high-yield CD, a no-penalty CD, and a rate bump CD.

Marcus’ high-yield CDs come with competitive rates on all terms, with the highest APY offered on a 14-month term. The APYs on its No-Penalty CD are lower, but this CD type gives you the option of withdrawing your money early without penalty. Finally, Marcus’ Rate Bump CD only comes with one term of 20 months, but it gives you the option to upgrade your rate once if rates increase during your term.

Important

The APYs listed below are up to date as of the date of publication of this article. We review CD rates every two weeks and update the information below accordingly.

Marcus High-Yield CD Overview

CD Term	APY	Minimum Deposit
6 months	4.80%	$500
9 months	4.90%	$500
12 months	4.90%	$500
18 months	4.60%	$500
24 months	4.20%	$500
36 months	4.15%	$500
48 months	4.05%	$500
60 months	4.00%	$500
72 months	3.90%	$500

See the best CD rates today before choosing the CD that is best for you.

Marcus No-Penalty CD Overview

CD Term	APY	Minimum Deposit
7 months	4.70%	$500
11 months	4.70%	$500
13 months	4.70%	$500

Although this CD has no penalty for early withdrawals, you must wait at least seven days after the funding date to make a withdrawal.

Marcus Rate Bump CD Overview

CD Term	APY	Minimum Deposit
20 months	4.40%	$500

Marcus’ Rate Bump CD lets you upgrade your rate once if Marcus raises the rates on its 20-month CDs during your term.

Marcus CD Rates: Key Features

Marcus High-Yield CD Key Features

APY Range	3.90%–5.00%
Minimum Balance	$500
Term Range	6–72 months
Early Withdrawal Penalty	90 days interest on terms less than 1 year 180 days interest on terms of 1–5 years 270 days interest on terms more than 5 years
Grace Period for Penalty-Free Withdrawals	10 days

Marcus No-Penalty CD Key Features

APY Range	4.70%–4.70%
Minimum Balance	$500
Term Range	7–13 months
Early Withdrawal Penalty	None
Grace Period for Penalty-Free Withdrawals	N/A

Marcus Rate Bump CD Key Features

APY Range	4.40%
Minimum Balance	$500
Term Range	20 months
Early Withdrawal Penalty	90 days interest on terms less than 1 year 180 days interest on terms of 1–5 years 270 days interest on terms more than 5 years
Grace Period for Penalty-Free Withdrawals	10 days

Compare CD Account Rates

Are Marcus CDs FDIC-Insured?

Yes, Marcus CDs are FDIC-insured. Provided by Goldman Sachs Bank USA, an FDIC member, Marcus CDs are FDIC-insured for up to $250,000.

What Is the Early Withdrawal Penalty for Marcus CDs?

The early withdrawal penalty on Marcus CDs varies depending on the CD’s term length. The penalty is 90 days of interest on terms less than one year, 180 days of interest on terms of one to five years, and 270 days of interest on terms more than five years.

The Marcus No-Penalty CD doesn’t charge an early withdrawal penalty, but you must wait seven or more days from your opening deposit to make a withdrawal.

What Is the Minimum Opening Deposit for Marcus CDs?

The minimum opening deposit for Marcus CDs is $500. This minimum deposit applies to all three CD types that Marcus offers: high-yield CDs, no-penalty CDs, and rate bump CDs.

Your Guide to CDs

What Is a Certificate of Deposit (CD)?
What Is a Brokered CD?
What Is a CD Ladder?
Pros and Cons of CDs
How to Invest With CDs
How to Open a CD
How to Close a CD
CDs vs. Annuities
CDs vs. Stocks
CDs vs. Mutual Funds
CDs vs. ETFs
CDs vs. Savings Accounts
Short-Term vs. Long-Term CDs
CD Rates News
Best 1-Year CD Rates
Best 18-Month CDs
Best Jumbo CD Rates
Best 6-Month CD Rates
Best 3-Month CD Rates
Best Bank CD Rates

Read the original article on Investopedia.