Marcus by Goldman Sachs High-Yield CD Review

Marcus by Goldman Sachs High-Yield CD is offered by Goldman Sachs Bank USA, a bank founded in 1869 and based in New York, NY. Marcus by Goldman Sachs High-Yield CD is offered in 50 states (and Washington, DC).

Are cd accounts from Goldman Sachs Bank USA federally insured?

Yes, your Goldman Sachs Bank USA cd accounts 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?

• Traditional

What APY does Goldman Sachs Bank USA offer on its CDs?

Marcus by Goldman Sachs High-Yield CD offers an APY starting at 0.6% and ranging up to 3.15% (APY stands for annual percentage yield, rates may change).

What is the minimum deposit to open a CD account with Goldman Sachs Bank USA?

Marcus by Goldman Sachs High-Yield CD requires a minimum initial deposit of $500 to open an account.

What types of early withdrawal penalties does Marcus by Goldman Sachs High-Yield CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

Goldman Sachs Bank USA does not charge an early withdrawal fee.