Find the latest Marcus by Goldman Sachs Bank CD Rates, Offers, and Promotions here.
Best CD Rates: 4.30% APY, 24-Month, 4.25% APY, 18-Month, $500 minimum.
Availability: Nationwide, Online
Credit Inquiry: Soft Pull
About Marcus by Goldman Sachs Bank
This bank was established in 1990 and renamed in 2017. Marcus by Goldman Sachs is owned by the Goldman Sachs Group, Inc., a multinational firm founded in 1869 and headquartered in New York, NY.
They offer a wide array of products to meet your individual needs. Ranging from Checking, Savings, CDs, and loans. They currently offer standard CD rates from 6-month to 12-months. All you need is $500 to open the account and everything can be managed online.
|Term||APY Rate||Minimum Deposit|
*The above rates are accurate as of 12/6/2022*
Marcus by Goldman Sachs Bank CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer the term, the higher APY rate you make.
What’s so special about this rate? There’s no penalty when you need to withdraw money so you can earn a great rate without locking in your money. If you are interested, check out their rates listed below.
- Minimum deposit: $500
- Maximum deposit: $250,000
- Early withdrawal penalty: A penalty will be imposed for early withdrawal on normal CD account. No penalty for 13-month term.
|Compare to the best CDs such as Bellco Credit Union 17-Month CD (5.00% APY), Sallie Mae Bank 27-Month CD (5.15% APY), CIT Bank 18-Month CD (4.60% APY), Blue Federal Credit Union 15-Month CD (4.80% APY), Quontic Bank 12-Month CD (4.45% APY), Sallie Mae 14-Month No-Penalty CD (4.75% APY), and Western Alliance Bank 12-Month CD (5.01% APY).|
Marcus by Goldman Sachs CD Features
- Low minimum balance requirement
- Competitive rates on all CD terms
- Free online and mobile banking
- Insured by the FDIC up to the maximum allowed by law
- No early withdrawal penalty for 13-month term
With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Take advantage of a low required minimum opening deposit of just $500. The No Penalty account might be beneficial for someone who has to withdraw money often.
An online account is ideal for Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
*While Marcus by Goldman Sachs does have decent rates with their launch, their product line is limited. I recommend to take a look at Discover Bank Promotions here
|Sallie Mae||5.15% APY 27-Month CD||Review|
|Western Alliance Bank||5.01% APY 12-Month CD||Review|
|Sallie Mae||5.00% APY 23-Month CD||Review|
|Idabel National Bank||4.90% APY 24-Month CD||Review|
|Blue Federal Credit Union||4.80% APY 15-Month CD||Review|
|Nationwide||4.75% APY 12-Month CD||Review|
|Discover Bank||4.75% APY 18-Month CD||Review|
|Bellco Credit Union||4.75% APY 13-Month CD||Review|
|Sallie Mae||4.75% APY 14-Month No-Penalty CD||Review|
|Sallie Mae||4.70% APY 10-Month No-Penalty CD||Review|
|CIT Bank||4.65% APY 13-Month CD||Review|
|FVCbank||4.60% APY 12-Month No Penalty CD||Review|
|CIT Bank||4.60% APY 18-Month CD||Review|
|Great Lakes Credit Union||4.60% APY 12-Month CD||Review|
|Western Alliance Bank||4.60% APY 6-Month CD||Review|
|SkyOne Federal Credit Union||4.50% APY 15-Month CD||Review|
|Blue Federal Credit Union||4.45% APY 9-Month No Penalty CD||Review|
|Quontic Bank||4.45% APY 12-Month CD||Review|
|Western Alliance Bank||4.45% APY 3-Month CD||Review|
|Ponce Bank||4.41% APY 4-Month No-Penalty CD||Review|
|SkyOne Federal Credit Union||4.20% APY 12-Month CD||Review|
|CIT Bank||4.15% APY 6-Month CD||Review|
|CIT Bank||4.15% APY 11-Month No-Penalty CD||Review|
This is a great opportunity to invest in a high-interest CD from Marcus by Goldman Sachs Bank. However, you may want to compare them with our best CD Rates:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 12-Month CD Rates
- Best 18-Month CD Rates
- Best 24-Month CD Rates
- Best 36-Month CD Rates
- Best 48-Month CD Rates
- Best 60-Month CD Rates
You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest Marcus by Goldman Sachs Bank CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
Delain Taylor says
I have done math on 2.65% 1000 =4 cents aday
Nov 13, 2017: Just spoke with GS Bank (Morena) and was assured that opening a CD will result in a SOFT pull only.