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In a Nutshell
Marcus by Goldman Sachs launched in 2016. Its standard High-Yield CD offers fixed terms from 6 months to 6 years, a $500 minimum deposit, daily compounding, monthly interest crediting, and a 10-Day CD Rate Guarantee. For savers who want a predictable APY and strong online account controls, it is one of the clearer CD products to compare and manage online.
Marcus by Goldman Sachs : Certificate of Deposit Pros & Cons
Pros
$500 minimum deposit to open and earn APY
Terms range from 6 months to 6 years
10-Day CD Rate Guarantee adds rate protection
Cons
Early withdrawal penalties apply
No partial principal withdrawals before maturity
Marcus by Goldman Sachs : Certificate of Deposit at a glance
9.8
Editorial scoreRates
Competitive APY offering, minimum balance requirement of $1 or $0 to earn
10.0
Fees & Requirements
No monthly fees and no minimum balance to open an account, no ongoing balance required
10.0
Security
FDIC insured (directly), SSL/AES encryption and supports 2 factor authentication
10.0
Customer Service
24/7 service with multiple communication options including live chat, FAQ/help page on website, dedicated fraud team
10.0
Customer Experience
User friendly web/app, excellent app store ratings with 4.2 on Google Play and 4.9 in the app store, has multi./joint acc. options; no physical locations
9.0
Advantages Over Traditional Banks
The clearest advantage of Marcus’ High-Yield CD is how simple the core offer is. Marcus publishes nine standard term options, from 6 months through 6 years, and the rate table is visible before opening an account.
For savers comparing CDs, that makes the product easier to evaluate than branch-led accounts where rates and term details are harder to find upfront. The product also starts at a $500 minimum deposit, which is low enough to work for many short- and medium-term savings goals without requiring a large opening balance.
Marcus also adds some practical protections around timing. The 10-Day CD Rate Guarantee means customers who deposit at least $500 within 10 days of opening receive the highest published APY Marcus offers for that term during that window. On top of that, High-Yield CDs can be funded for 30 days after opening, and multiple deposits are allowed during that initial period. That combination gives savers more flexibility than a one-and-done funding model while still preserving the fixed-rate structure that makes CDs attractive in the first place.
The tradeoff is access. Marcus’ standard High-Yield CD is built for money that can stay in place until maturity. Partial principal withdrawals are not allowed, and closing the CD early triggers a penalty based on term length. For savers who want predictable yield and can leave the principal untouched, that may be acceptable. For anyone who expects to need regular access to principal, it is a real limitation.
Cutting-Edge Banking Services
Marcus puts most of the CD management experience online, and the strongest example is the CD Maturity Center. Marcus says this tool lets account holders choose whether the CD should automatically renew, renew with a different principal balance or term, or close and withdraw funds. Customers can update that plan repeatedly during the 12 months before maturity, and Marcus sends a reminder 30 days before the maturity date. If no changes are made and the CD is set to auto-renew, there is a 10-day grace period after maturity to make changes.
Marcus also includes digital tools that are useful specifically for CD customers rather than just general bank users. The FAQs describe an Early Withdrawal Penalty Calculator in the account details area, and eligible CDs can be closed online through the account menu. Marcus’ CD Information Guide also includes a short video about how to use the CD Maturity Center, which is a helpful addition for customers who want a walkthrough instead of only text instructions.
Traditional Banking Services
Although Marcus is digital-first, it still covers the basic deposit-account functions many CD shoppers expect. Marcus says customers can add money to a High-Yield CD for 30 days after opening, with multiple deposits allowed during that window. Funding can be done through transfers from an external bank or a Marcus Online Savings Account, by mailed check, or by wire transfer. That gives the product more than one funding route, even without a branch network.
Interest handling is also straightforward. Marcus says interest compounds daily and is credited monthly. Customers can leave that interest in the CD or arrange to have earned interest disbursed, penalty-free, to a Marcus Online Savings Account or a linked external account. Marcus also notes that its CDs are not callable, so the bank does not reserve the right to end the term early.
What Marcus does not offer on the deposit side is a debit card or ATM card for savings accounts. In practice, that means the CD works more like a dedicated savings tool than an everyday banking hub. Routine servicing is centered on transfers, online statements and documents, and account controls in the web interface and app.
Interest Rates and Fees
As of March 16, 2026, Marcus’ standard High-Yield CD offers the following APYs. Marcus also notes that APYs may change before the CD is opened and funded.
Term | APY |
| 6 months | 4.05% |
| 9 months | 4.00% |
| 12 months | 4.00% |
| 18 months | 4.00% |
| 2 years | 3.95% |
| 3 years | 3.90% |
| 4 years | 3.85% |
| 5 years | 3.90% |
| 6 years | 3.90% |
Rates above are for Marcus’ standard High-Yield CD, not the No-Penalty CD or Rate Bump CD. Marcus’ published rate table lists these APYs as of March 16, 2026.
Fees are simple, but the penalty rules matter. Marcus says customers cannot withdraw a portion of principal before maturity. If the entire principal is withdrawn early, the penalty is 90 days of interest for CDs with terms of 1 year or less, 180 days of interest for terms over 1 year to 5 years, and 270 days of interest for terms longer than 5 years.
CD term | Early withdrawal penalty |
| 1 year or less | 90 days’ interest |
| More than 1 year to 5 years | 180 days’ interest |
| More than 5 years | 270 days’ interest |
Customer Service and Online Experience
Marcus scores well on availability. Savings and CD support is available by phone 24/7 at 1-855-730-7283, and customers traveling outside the U.S. can call 1-212-357-0026. Logged-in customers can also use chat 24/7, and the FAQs hub covers deposit accounts, transfers, documents, app support, and CD-specific questions.
The sign-up experience is designed for online use. Marcus says new customers open accounts online by providing details such as name, address, date of birth, and Social Security number, then linking an existing external bank account to move money. Once the account is open, Marcus lets customers manage it through desktop or mobile, which fits the expectations of a direct-bank CD product.
For mailing and account administration, Marcus lists the following addresses:
- General correspondence: Goldman Sachs Bank USA, PO Box 70379, Philadelphia, PA 19176-0379
- Check deposits: PO Box 4571, Carol Stream, IL 60197-4571
- Legal correspondence: 11850 South Election Road, Draper, UT 84020
Mobile App
Marcus’ mobile app is available in the U.S. on both the App Store and Google Play. Marcus says the current minimum requirements are iOS 16.0 or later for Apple devices and Android 8.0 or later for Android devices. The app is built to provide fast access to Marcus accounts from a mobile device rather than acting as a separate product layer.
In practical use, the app covers the main tasks CD and savings customers are likely to need most often. Marcus says users can check balances, schedule transfers to and from other banks, make payments, and access statements and documents. Marcus has also highlighted a refreshed app experience with easier support access, in-app notifications, and quicker visibility into balances, transfers, and account activity. For customers who prefer mobile servicing, that makes the CD easier to monitor after opening.
Security
Marcus’ security setup combines bank-level account protection with consumer-facing controls. Deposit products are issued by Goldman Sachs Bank USA, Salt Lake City Branch, Member FDIC. Marcus says it uses multi-factor authentication, SSL encryption, firewalls, secure browsers, encrypted networks, and security monitoring devices 24 hours a day, 7 days a week.
Marcus also discloses app-level protections. Its site terms say the app may allow biometric login through facial or fingerprint recognition, and that biometric information stays on the user’s device rather than being stored by Marcus. Marcus’ login pages also state that information is protected with 128-bit SSL encryption. For CD customers, that adds another layer of reassurance because most account access and maturity planning happens digitally.
Summary
Marcus’ standard High-Yield CD is a strong fit for savers who want fixed rates, a low $500 opening threshold, and useful online controls around funding, maturity, and account servicing. It is less flexible than a liquid savings account because principal cannot be partially withdrawn and early closure brings a penalty. For money that can stay parked until maturity, the product is clear, competitive, and easy to manage online.
Methodology
This review was created using Marcus’ High-Yield CD product pages, current CD rate table, CD Information Guide, FAQs, contact page, online banking page, app page, and security materials, along with Goldman Sachs’ official history page for Marcus’ 2016 launch. All rate and product details were checked against official sources current to March 16, 2026.
Disclaimers
Having explored the features and tradeoffs of this product, readers may also want to compare it with similar CD offers. A broader comparison chart can provide a side-by-side view of rates, terms, penalties, customer support, and digital tools, making it easier to identify the option that fits a specific savings timeline and liquidity need.
AI was used in the creation of this content. Human validation and proofreading have not been performed in this chat and should be completed before publication.
Written byBestmoney Staff
The BestMoney editorial team is composed of writers and experts covering a full range of financial services. Our mission is to simplify the process of selecting the right provider for every need, leveraging our extensive industry knowledge to deliver clear, reliable advice.