Marcus CD Rates and Terms for 2025
Written by
John Csiszar
Edited by
Elizabeth Constantineau
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Marcus by Goldman Sachs, Member FDIC, offers competitive CD rates — often higher than national average — with options for flexibility or higher returns. Whether you’re looking for a short-term, penalty-free CD or want to lock in a long-term rate, Marcus provides several options.
Current Marcus CD Rates: September 2025
Here’s a look at the available Marcus CD rates and terms:
| CD Type | Term | Annual Percentage Yield | Minimum Deposit |
|---|---|---|---|
| High-Yield CD | 6 months | $500 | |
| High-Yield CD | 9 months | $500 | |
| High-Yield CD | 12 months | $500 | |
| High-Yield CD | 18 months | $500 | |
| High-Yield CD | 2 years | $500 | |
| High-Yield CD | 3 years | $500 | |
| High-Yield CD | 4 years | $500 | |
| High-Yield CD | 5 years | $500 | |
| High-Yield CD | 6 years | $500 | |
| No-Penalty CD | 7 months | $500 | |
| No-Penalty CD | 11 months | $500 | |
| No-Penalty CD | 13 months | $500 | |
| Rate Bump CD | 20 months | $500 |
Marcus CD Options Explained
If you are intrigued by Marcus by Goldman Sachs’ CD rates, it’s good to dive into the details to confirm whether a CD is the right fit for you.
Marcus High-Yield CDs
- Fixed-rate CDs are available in terms ranging from 6 months to 6 years.
- These CDs offer competitive APYs for savers who won’t need funds early.
- Early withdrawal penalties apply, ranging from 90 to 270 days of interest depending on the term.
Marcus No-Penalty CDs
- There are three terms currently on offer: 7, 11 or 13 months.
- You can withdraw your funds after 7 days without penalty.
- This option is ideal if you need quick access to your funds.
Marcus Rate Bump CD
- This CD comes in a 20-month term with the option to “bump up” your rate once if Marcus raises rates.
- This account keeps your flexibility intact in a rising-rate environment.
Pros and Cons of Marcus by Goldman Sachs CDs
Marcus CD rates are competitive, which makes them an excellent fit for many. Take a closer look at the pros and cons of Marcus by Goldman Sachs CDs.
| Pros | Cons |
|---|---|
| Competitive rates | No-Penalty CD has fewer term options |
| Low minimum deposits | Can’t add funds to the No-Penalty CD once you hit your minimum deposit |
| Range of terms | Only available online — no brick-and-mortar locations |
| Can open an account online |
How Much Can You Earn With a Marcus CD?
How much you can earn depends on your deposit amount, term length and the bank’s rate at the time you open the account. Here are a few examples:
| Deposit Amount | Term Length | APY | Estimated Interest Earned |
|---|---|---|---|
| $1,000 | 6 months | $21.76 | |
| $5,000 | 1 year | $210 | |
| $10,000 | 3 years | $1,216.22 | |
| $25,000 | 5 years | $5,270.37 |
Pro Tip
Use the GOBankingRates Savings Calculator to estimate how much your money can grow over time with compound interest. It’s a quick way to see the long-term impact of consistent saving.
How To Open a Marcus by Goldman Sachs CD
To open a Marcus by Goldman Sachs CD, you can follow these steps:
- Visit the bank’s website and choose which type of CD you want to open.
- You will need to provide your personal information, so have your state-issued ID handy. Marcus by Goldman Sachs will need to verify your identity.
- Once you open the account, you’ll also need to add at least the minimum amount of funds. Marcus requires a minimum balance of $500 for all of its CD options.
- After you open your CD, you can access your account information online at any time. Marcus by Goldman Sachs also has representatives available by phone seven days a week in case you have questions or need additional assistance.
Marcus CD Rates vs. Other Banks
Marcus tends to offer attractive CD rates. Here’s how it stacks up against other options.
| Bank | 6-Month CD | 1-Year CD | Minimum Deposit |
|---|---|---|---|
| Marcus by Goldman Sachs | $500 | ||
| Discover® Bank, Member FDIC | $0 | ||
| Synchrony Bank | $0 |
When comparing bank accounts, look beyond rates — consider fees, account features and customer support to find the best fit for you and your needs.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
None
No monthly service fee
$25 per wire transfer; free for Diamond status — 3 per cycle
APY
APY
APY
Min Opening
Min Opening
Min Opening
$0
$0
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
Early withdrawal penalty may apply
No monthly service fee
Early withdrawal penalty may apply
APY
APY
APY
Up to
Up to
Up to
Min Opening
Min Opening
Min Opening
$500
$0
$0
Is a Marcus by Goldman Sachs CD Right for You?
Ideal for:
- Those who prefer online-only banking
- Those who want the highest CD rates currently available
- Those who can manage the lower minimum deposit of $500
Not great for:
- Those who also want a checking account
- Those who want to take out partial withdrawals
- Those who prefer in-person banking, as there are no bank branches
Tips for Getting the Best CD Rates
Marcus by Goldman Sachs CDs are best for those who want to grow their savings without risk. If you’re interested in opening an account, keep these tips in mind:
- Match terms to your goals: Short-term CDs work for immediate goals, while long-term CDs are ideal for retirement or future needs.
- Compare interest rates: Look at rates across terms to maximize your returns.
- Understand the fees and penalties: If you need access to your funds before the end of the term, you might face a penalty. Make sure you understand the costs before locking into a longer term.
The Bottom Line
If you’re comparing rates for CD accounts, Marcus by Goldman Sachs deserves a look. It offers a variety of rates and terms to suit the financial needs of most people, including accounts that are penalty-free should you anticipate needing your money before a CD comes to maturity.
Marcus CD Rates FAQ
Here are the answers to some of the most frequently asked questions regarding Marcus CD rates.- What is the minimum deposit for a Marcus CD?
- Marcus CDs require a minimum deposit of $500.
- Do I need a Marcus account to open a CD?
- You can open a CD online as a new customer.
- Can I open a CD online?
- Yes, Marcus CDs are fully available online.
- What happens if I withdraw before the term ends?
- If you withdraw early from a standard CD, you'll face an early withdrawal penalty. No-Penalty CDs allow withdrawals after 7 days with no penalty.
- Are Marcus CD rates competitive in 2025?
- Yes, Marcus CD rates are above the national average.
More on Marcus by Goldman Sachs
- Marcus by Goldman Sachs Review
- Marcus by Goldman Sachs Savings Account Interest Rates
- Marcus by Goldman Sachs Promotions and Offers
Jami Farkas and Sarah Sharkey contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. CD rates are accurate as of Sept. 9, 2025.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
