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- BANKING
- CERTIFICATES OF DEPOSIT (CDS)
Marcus offers competitive CD rates with terms from 6 to 72 months
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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 6-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.
Marcus High-Yield CD Overview
See the best CD rates today before choosing the CD that is best for you.
Marcus No-Penalty CD Overview
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
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
Marcus No-Penalty CD Key Features
Marcus Rate Bump CD Key Features
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
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- Short-Term vs. Long-Term CDs
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