The online-only bank Marcus by Goldman Sachs offers competitive rates for certificates of deposit among online banks and a low minimum opening requirement of $500. It also has solid yields for no-penalty CDs and a bump-up CD, which are uncommon types of CDs with extra perks.
Marcus doesn’t offer checking accounts, but its CDs and high-yield savings account have attractive rates and no monthly fees, which make the bank a solid choice for savers.
» COMPARE: See the best CD rates
Marcus CD rates
Marcus offers three types of CDs:
- High-yield CDs: These CDs have fixed rates and are subject to early withdrawal penalties. Rates are solid, including its one-year CD with 3.90% APY (annual percentage yield) as of 05/19/2026. APY may change before CD is opened and funded.
- No-penalty CDs: These CDs have fixed rates as well as the added benefit of no early withdrawal penalty, meaning you can withdraw the full amount any time after the first seven days without cost.
- Bump-up CDs (or what Marcus calls “Rate Bump CDs”): These CDs have fixed rates with the possibility of one rate increase if the bank raises the rate on newly issued Rate Bump CDs. The CDs are subject to early withdrawal penalties.
NerdWallet's take: Marcus’ CD rates tend to be consistently competitive on our lists. Its no-penalty and bump-up CDs are rare CD options.
| CD term | CD rate |
|---|---|
| 6-month CD | 3.95% APY. |
| 7-month no-penalty CD | 3.75% APY. |
| 9-month CD | 4.00% APY. |
| 11-month no-penalty CD | 3.80% APY. |
| 1-year CD | 3.90% APY. |
| 13-month no-penalty CD | 3.80% APY. |
| 18-month CD | 3.80% APY. |
| 20-month bump-up CD | 3.75% APY. |
| 2-year CD | 3.70% APY. |
| 3-year CD | 3.70% APY. |
| 4-year CD | 3.70% APY. |
| 5-year CD | 3.80% APY. |
| 6-year CD | 3.80% APY. |
» Want more options? See the best CD rates
Frequently Asked Questions
Are Marcus CDs safe?
Yes. As at most banks, money in Marcus’ CDs are insured by the Federal Deposit Insurance Corporation, which has a standard coverage maximum of $250,000 for individual accounts.
What are Marcus CD rates today?
Rates for new CDs fluctuate, but today, Marcus by Goldman Sachs offers a rate of 3.90% for a 12-month CD, 3.70% APY for a 3-year CD and 3.80% APY for a 5-year CD.
More details about Marcus CDs
| Minimum deposit | $500. This is a low opening requirement for CDs. |
| Range of CD terms | 6 months to 6 years. This is a slightly atypical range, especially since 6-year terms are rare. |
| Early withdrawal penalty | Varies by term:
Compare early withdrawal penalties by bank. *The penalty can include more than actual interest earned if the withdrawal occurs early enough. |
| Other fees | None, which is common for CDs. |
| Grace period | 10 days starting on the CD's maturity date. Marcus CDs automatically renew, so this 10-day window is the only time to withdraw without getting hit by a penalty (except for no-penalty CDs). Compare grace periods by bank. |
| Types of account ownership |
Note: Marcus doesn't offer trusts, custodial accounts or IRA CDs. |
» Learn more about accounts on our Marcus by Goldman Sachs review
Want to compare CD details?
View a curated list of CD reviews to see all rates, minimum requirements and other details at online and traditional banks and one brokerage.
What to consider when opening CDs
- CD rates are fixed. If you open a Marcus CD today, its annual percentage yield will stay the same until the CD expires. The exception is the bump-up CD.
- Be aware of two common rules with CDs: You can’t make partial withdrawals of the original CD amount or add more money after the initial funding of a CD. Marcus gives you 30 days to fully fund a high-yield CD, which is longer than many banks do.
- You lose interest if you withdraw early. CDs are built to keep your money out of sight, out of mind. If you dip into a standard Marcus CD before it expires, there’s an early withdrawal penalty, which means losing some or all of the interest you earned. There is an exception: a Marcus no-penalty CD (compare with other no-penalty CDs).
- Interest accrues in a CD during the term, so you can benefit from compound interest. Alternatively, you can request to receive interest during the term to another bank account at Marcus or another bank.
- CDs auto-renew unless you opt out. To avoid renewal, withdraw during the 10-day grace period.
- Compounding frequency doesn’t often help you compare rates. Like a savings account, a CD’s rate is primarily quoted as an annual percentage yield (APY), meaning the annual interest rate that factors in compounding. You can compare two interest rates with different compounding periods using APY. Alternatively, if you only know a CD’s interest rate, you need to know the compounding frequency — often daily or monthly — to estimate your return. Learn more about APY vs. interest rate.
» Unsure about CDs? Consider the best high-yield savings accounts instead
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