CD Accounts
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Last Updated: 04/18/2025
Marcus by Goldman Sachs High-Yield CD
Claimed
in CD Accounts from Goldman Sachs Bank USA
Last Updated: 04/18/2025
SuperMoney User Recommendation Score +91
Strongly recommended22 total votes
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
3.70% - 5.00%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $500
Certificate Term
- 6 months
- 9 months
- 12 months
- 18 months
- 20 months
- 2 years
- 3 years
- 4 years
- 5 years
- 6 years
Number of Reviews
Marcus by Goldman Sachs High-Yield CD Review
Marcus by Goldman Sachs High-Yield CD are offered by Goldman Sachs Bank USA, a bank founded in 1869 and based in New York, NY. Marcus by Goldman Sachs CD are available in 50 states and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5.00%, which is much higher than the national average for a CD account.
- $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. Marcus by Goldman Sachs CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Marcus by Goldman Sachs High-Yield CD
| Pros | Cons |
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Marcus by Goldman Sachs High-Yield CD FAQ
Are CD from Goldman Sachs Bank USA federally insured?
Yes, your Goldman Sachs Bank USA CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #33124). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What types of CDs does Goldman Sachs Bank USA offer?
Marcus by Goldman Sachs CD provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
- Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.
- liquid CDs. Liquid CDs, often called risk-free or breakable CDs, are a type of no-penalty CD that allows you to take out your money before the CD matures without paying a penalty.
What rates does Goldman Sachs Bank USA offer on its CDs?
Marcus by Goldman Sachs CD offers an APY starting at 3.70% and ranging up to 5.00%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.
What terms does Marcus by Goldman Sachs CD offer?
Goldman Sachs Bank USA offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 3.70% - 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 4.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 4.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 4.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 4.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 3.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 18-Month APY | 4.90% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9-Month APY | 4.90% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Year APY | 3.70% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 13-Month APY | 4.15% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 20-Month APY | 4.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Goldman Sachs Bank USA?
Marcus by Goldman Sachs CD require a minimum deposit of $500 to open an account.
What is the grace period for Marcus by Goldman Sachs CD?
There is a 10-day grace period for Marcus by Goldman Sachs CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Goldman Sachs Bank USA charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
Goldman Sachs Bank USA charges an early withdrawal fee.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No Early Withdrawal Fee? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Marcus by Goldman Sachs CD
Contact
Hours of Operation
Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day
Other Services by Goldman Sachs Bank USA
Other CD Accounts from Goldman Sachs Bank USA
Rating not yet determined
APY (Annual Percentage Yield)
3.90%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $500
Certificate Term
- 7 months
- 11 months
- 13 months
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +91, or 4.8 on a 5-point rating scale.
+91
-1000+100
No one recommends
Everyone recommends
Marcus by Goldman Sachs High-Yield CD Community Reviews
Would you recommend Marcus by Goldman Sachs High-Yield CD to your friends?
GA
George A.
Feb 3, 2023
May or may not recommend
Marcus is best for savers looking to earn competitive yields on CDs and its high-yield savings account. While it offers an app, it doesn’t support mobile deposit. It does have free wire transfers, although you won’t get access to a debit card.
D M.
Jan 23, 2023
May or may not recommend
This simple and easy to use account is a prime example of how creative a company can be. I Would do business again with them.
KU
Kyle U.
Jan 23, 2023
May or may not recommend
I use the CD account in tandem with a Marcus high yield savings account. The interest rates are always super competitive and navigating the site // searching for options is always very seamless.
Alisha C.
Dec 14, 2022
May or may not recommend
Been at their services using available for everybody and have a good
MC
Mazhar C.
Nov 29, 2022
May or may not recommend
Since they said its highly recommend, i would go for majority.
RM
Rasheed M.
Nov 28, 2022
May or may not recommend
Marcus by Goldman Sachs, the bank of the People as i call it is the best ever. The fact that you get the chance of multiple CD and has a whole lot to offer the community makes it s unique and different. I highly recommend this, not only because of the $500 minimum deposit but also has a fast transaction process.
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I would definitely recommend this based on the significant possibilities with this High-Yield CD. The Mobile app is spot on, no lags and all.The Site is very responsive and easy to navigate.
MB
Michaela B.
Nov 25, 2022
May or may not recommend
Since they said its highly recommend, i would go for majority.
JA
Junaid A.
Nov 17, 2022
May or may not recommend
When compared to other financial institutions, this sort of CD provides a favorable rate. Even local credit unions and banks do not give these terms at this cost. A hint for being mindful of the maturity period. As a result, you withdraw the cash during the maturity window. If it's not done, the CD will most certainly autorenewal, and you will have to wait until the term matures again before ...Show More
Francis
Nov 16, 2022
May or may not recommend
I would definitely recommend this based on the significant possibilities with this High-Yield CD. The Mobile app is spot on, no lags and all.The Site is very responsive and easy to navigate.
AG
Alexander G.
Nov 15, 2022
May or may not recommend
This type of CD is a competitive rate compared to other financial institutions. Even local credit unions and banks are not offering this type of rate for these terms. A tip to know if to be aware of the maturity date. So you withdrawal the funds during that maturity window. If this isn't done the CD will likely autorenewal and you will need to wait till the term is ...Show More
CS
Celeste S.
Nov 10, 2022
May or may not recommend
I would recommend Marcus by Goldman Sachs High Yield CD CD Accounts because it is a well acclaimed company that promotes and reinforces up-to-date information for its members. The website is user-friendly. Members can open multiple accounts under the same login and personalize the account names to match the financial goal. If any questions/concerns should arise, customer service can be contacted in multiple ways (chat, email, phone).
CH
Chaster H.
Oct 24, 2022
May or may not recommend
I would highly recommend super money to a friend! Because people need to start planning for their future or retirement. Creating revenue for yourself is something everyone thinks about, but don't know these steps to create wealth for themselves. This site will help every step of the way. I have even started!
AY
Aleena Y.
Oct 17, 2022
May or may not recommend
Marcus' High-Yield and No Penalty CDs are great options. Their website and mobile application both have an easy to use interface. I would definitely recommend this based on the significant possibilities with this High-Yield CD. I had to terminate mine early though but it was easy to do on the phone and I still made a profit.
TT
Torbjorn T.
Oct 16, 2022
May or may not recommend
Known one of the Best Investment in the World. It's a Public Company that more than a hundred years. Have nearly 2.5 trillion in assets. Under supervision at the end of 2021. It's an application have high rating both google and iPhone user. Yes, i highly recommend it,
Michael L.
Oct 15, 2022
May or may not recommend
The service is as reliable as the reputation of the bank. The process to open an account is fairly easy. Both mobile app and the website page is simple to navigate. I only called customer service once for a question and the representative is very friendly and super helpful. Would highly recommand!
TM
Tony M.
Oct 12, 2022
May or may not recommend
When i bought my CDs in 2019 they did appear to be higher yield than most while I was looking up which CD to buy ; Their website is very clean. I had to terminate mine early though but it was easy to do on the phone and I still made a profit
KA
Khawaja A.
Oct 6, 2022
May or may not recommend
Marcus by Goldman Sachs is a really great and reliable bank, I would surely recommend it to others because of its some features which include same-day 100k transfer and some other unique features like that.
NA
Noor A.
Oct 5, 2022
May or may not recommend
One of the best term in this bank which I found that they are offering 10 days grace period after opening a CD account like if you open a CD account in Marcus by Goldman Sachs CD but you want to withdraw your money for any reason in this case you can withdraw the money in your CDs without paying an early withdrawal penalty.
Second thing which I found is really ...Show More
JH
Janis H.
Oct 4, 2022
May or may not recommend
Founded in 1869, there is just something to trust in Goldman Sachs. The High-Yield CD offered by Marcus by Goldman Sachs is something to take notice of immediately. With just a $500 minimum opening deposit it is a CD that applies to anyone looking to invest. I would definitely recommend this based on the significant possibilities with this High-Yield CD. The website is informative and the customer service seems stellar. ...Show More
Showing 20 of 22 reviews
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