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Marcus by Goldman Sachs CD rates

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Marcus by Goldman Sachs offers CDs across numerous terms — from six months to six years. The direct bank’s CDs offer competitive yields and require just $500 to open. Among online banks, it offers one of the highest one-year CD rates.

Marcus by Goldman Sachs earned a 4.2 out of 5 in Bankrate’s overall rating of the bank, while its CDs earned 5 out of 5.

Marcus by Goldman Sachs CD rates

Current high-yield CD rates at Marcus.

Account name Term APY Minimum deposit
High-yield CD 6 months 2.00% $500
High-yield CD 9 months 2.10% $500
High-yield CD 1 year 3.00% $500
High-yield CD 18 months 3.00% $500
High-yield CD 2 years 3.10% $500
High-yield CD 3 years 3.15% $500
High-yield CD 4 years 3.20% $500
High-yield CD 5 years 3.30% $500
High-yield CD 6 years 3.30% $500

The bank also offers no-penalty CDs. Funds can be withdrawn following a seven-day waiting period after the account is funded.

Marcus no-penalty CD rates

Account name Term APY Minimum deposit
No-Penalty CD 7 months 0.45% $500
No-Penalty CD 11 months 0.35% $500
No-Penalty CD 13 months 2.20% $500

The bank also offers no-penalty CDs. Funds can be withdrawn following a seven-day waiting period after the account is funded.

Note: Annual percentage yields (APYs) shown are as of Sept. 22, 2022, and may vary by region for some products.

How Marcus savings rates compare to top-yielding banks

Marcus offers one of the highest APYs for a one-year CD. Though you may find higher yields from other banks, Marcus’ rates are very competitive.

Compare top CD rates before committing your savings to a CD.

Other savings options at Marcus

Savers seeking more liquidity do have another option at Marcus. The bank also offers a high-yield savings account that has no fees or minimum account requirements. The account doesn’t limit the number of withdrawals or transfers that can be made, following a change made by the Federal Reserve Board to Regulation D in April 2020.

Written by
Karen Bennett
Consumer banking reporter
Karen Bennett is a consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters.
Edited by
Managing editor