- 3.7% - 4.75%
- Minimum deposit
- Terms available
- 6 months - 6 years
Founded in 2016, Marcus by Goldman Sachs is known for its high-yield savings products, including its new Rate-Bump CD. The bank is backed by Goldman Sachs, one of the world's leading investment banks.
With Marcus’s 20-month Rate Bump CD, customers can take advantage of rising interest rates by requesting a one-time rate increase during the term of their CD. This CD has a low $500 opening deposit, making it a great option for those who want to keep their funds accessible while earning a higher interest rate.
Marcus by Goldman Sachs also offers other CD products, including a no-penalty CD that allows you to withdraw all of your money plus interest at any time after seven days of opening the account. CD terms range from six months to six years, and term lengths vary by product type.
Marcus by Goldman Sachs CDs offer:
- Several types of CDs
- Rate-bump option for rising rates
- $500 opening deposit
Be aware of these factors:
- Early withdrawal penalties may apply
- Rate-bump CD has one term
While some customers have reported issues with loan approvals, many others have found Marcus by Goldman Sachs to be a reliable and trustworthy financial partner. While there are no customer reviews that address CD products, the company has received high praise for being able to help customers reach their financial goals.
One customer from New York raved about their experience with a loan from Marcus by Goldman Sachs, saying: "I needed to consolidate my high-interest credit cards, as my monthly payments never seemed to lower my balances much. … My [Marcus by Goldman Sachs] loan was able to pay off three accounts in full and pay off a large chuck of other balances that were haunting me every month. My one monthly payment along with not using these credit cards has made my credit score go from good to excellent in seven months!”