Marcus CD Rates: 18-Month CDs at 4.75% APY

Marcus by Goldman Sachs is a digital bank that offers a range of financial products, including certificates of deposit (CDs) with very good CD rates. The best CD rate at Marcus for the term right now is on Marcus' 18-month CD at 4.75 percent APY.

Marcus CD Rates: 18-Month CDs at 4.75% APY

Marcus offers many different CD terms, regular CD terms range from 6-months to 6-years, plus Marcus also offers 3 different terms on the bank's no penalty CD product. The bank's CD rates are competitive for online CD rates and way above traditional brick and mortar bank rates which is to be expected,

Marcus CD Rates

7-Month no penalty 0.45% APY
11-Month no penalty 0.35% APY
13-Month no penalty 3.85% APY
6-Month CD 3.75% APY
9-Month CD 3.95% APY
12-Month CD 4.40% APY
18-Month CD 4.75% APY
2-Year CD 4.25% APY
3-Year CD 4.00% APY
5-Year CD 3.80% APY
6-Year CD 3.70% APY

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Marcus Bank History

Marcus by Goldman Sachs was launched in 2016 as a digital consumer bank, which aims to provide customers with better savings and loan products. The bank is a division of Goldman Sachs, which is a leading global investment bank and financial services company. Goldman Sachs has a long history dating back to 1869, and it has become one of the most well-known and respected financial institutions in the world.

One of the benefits of opening a CD account with Marcus by Goldman Sachs is only a $500 minimum deposit required to open a CD account, and the bank offers easy account management online. The bank's CDs are FDIC-insured, which means that deposits are insured up to $250,000 per depositor, per account.

Overall, Marcus by Goldman Sachs is a great option for those looking for a high-yielding CD account. The bank's competitive CD rates and variety of CD terms make it a solid choice for both short-term and long-term savings goals. Additionally, the bank's history and partnership with Goldman Sachs make it a reputable and secure choice for depositors.

It's worth noting that Marcus by Goldman Sachs CD rates are subject to change and may fluctuate, so it's important for customers to check the bank's website for the most current CD rates before opening an account.

Author: Brian McKay
January 27th, 2023

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