Marcus CD Rates: April 2024

Marcus offers competitive CD rates with terms from 6 to 72 months

Apr 20, 2024 - 22:34
Marcus CD Rates: April 2024

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 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

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