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 offers competitive yields on its CDs and a deposit of only $500 is needed to open a CD. Among banks, it is offering one of the highest 1-year CD rates.

Marcus by Goldman Sachs earned a 4.1 out of 5 in Bankrate’s overall rating of the bank.

Marcus by Goldman Sachs CD rates

Let’s dive deeper into the current high-yield CD rates at Marcus by Goldman Sachs.

Account name Term APY Minimum deposit
High-yield CD 6 months 0.15% $500
High-yield CD 9 months 0.25% $500
High-yield CD 12 months 0.55% $500
High-yield CD 18 months 0.55% $500
High-yield CD 24 months 0.55% $500
High-yield CD 36 months 0.65% $500
High-yield CD 48 months 0.65% $500
High-yield CD 60 months 0.80% $500
High-yield CD 72 months 0.80% $500

The bank also offers no-penalty CDs. Even if you withdraw money before your term is up, you won’t pay a fee — you just have to wait seven days after funding your CD before doing so. Let’s dive deeper into the current no-penalty CD rates at Marcus by Goldman Sachs.

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 0.25% $500

Note: The APYs (Annual Percentage Yield) shown are as of Aug. 11, 2021. The APYs for some products may vary by region.

How Marcus by Goldman Sachs savings rates compare to top-yielding banks

Marcus by Goldman Sachs offers one of the highest APYs for a 12-month CD. While you may find slightly higher yields from other banks, Marcus by Goldman Sachs’ rates are very competitive.

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

Other savings options at Marcus by Goldman Sachs

Savers seeking more liquidity do have another option at Marcus by Goldman Sachs.

Marcus by Goldman Sachs also offers a high-yield savings account that has no fees or minimum account requirements. There is currently no limit to the number of withdrawals or transfers you can make with this account, 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
Banking editor