Marcus by Goldman Sachs CD Rates (2026): Up to 4.40% APY
Marcus is the consumer brand of Goldman Sachs Bank USA, and it pays one rate, 4.40% APY, on every High-Yield CD from 12 months to 6 years (as of October 18, 2026, checked October 19, 2026; for new CDs, fixed once opened). It suits savers who want a large bank, a $500 minimum and the option of a no-penalty CD. The one thing to know: the penalty is figured on your original principal, and a 6-year CD costs 270 days of interest to break.
By Wealthy Pot Editorial · Facts checked October 19, 2026
Facts checked October 19, 2026 against Marcus by Goldman Sachs's own CD rate page and deposit agreement (3 sources, listed below). We re-check prices about once a month. We do not earn a commission from Marcus by Goldman Sachs.
Marcus by Goldman Sachs at a glance
| High-Yield CD rates (APY) | 6 mo 3.95%, 9 mo 4.30%, 12 mo 4.40%, 18 mo 4.40%, 2 yr 4.40%, 3 yr 4.40%, 4 yr 4.40%, 5 yr 4.40%, 6 yr 4.40%; as of October 18, 2026; for new CDs, fixed once opened [1] |
|---|---|
| No-Penalty CD rates (APY) | 7 mo 3.75%, 11 mo 4.00%, 13 mo 3.80%; full balance only, from 7 days after funding [1] |
| Rate Bump CD | 20 months, 4.35% APY; you can ask for the current rate for the same term before maturity [1] |
| Minimum deposit | $500 on every CD [1] |
| Early withdrawal penalty | 90 days of interest on the original principal for terms of 1 year or less; 180 days for more than 1 year to 5 years; 270 days for more than 5 years [2] |
| 10-Day Rate Guarantee | Fund at least $500 within 10 days of opening and you get the highest rate offered for that term in that window [1] |
| Adding money | High-Yield CD: during the first 30 days only; No-Penalty CD: no added deposits [1] |
| Interest | Added to the CD each month (or paid out monthly if you choose) [2] |
| At maturity | 10-day grace period, then automatic renewal for the same term [2] |
| Maximum balance | $1,000,000 per CD account [2] |
| FDIC-insured bank | Goldman Sachs Bank USA (FDIC certificate 33124) [2] |
| Customer service | 1-855-730-7283, 24 hours a day, 7 days a week [2] |
Marcus by Goldman Sachs in official federal data
Rate compared with the national average
Marcus by Goldman Sachs's 1-year CD APY of 4.40% (as of October 19, 2026) is about 2.5 times the FDIC's national average for 12-month CDs, 1.76% (as of October 19, 2026). On $10,000 kept for a year, that is about $440 in interest against $176 at the national average, before tax; a CD locks its rate for the term, while the national average is for CDs opened that month.
Who holds your money
- Deposits are held by Goldman Sachs Bank USA, FDIC certificate #33124, based in New York, NY, established August 30, 1990 according to the FDIC. Marcus is the consumer brand of Goldman Sachs Bank USA.
- FDIC insurance covers up to $250,000 per depositor, per insured bank, for each account ownership category. Money held at the same bank under another brand name counts toward the same limit.
- Size: $499 billion in deposits and $759 billion in total assets (June 30, 2026 call report). Primary federal regulator: Federal Reserve.
Customer complaints filed with the CFPB
From October 2025 through September 2026, consumers sent the Consumer Financial Protection Bureau 770 complaints about checking or savings accounts at GOLDMAN SACHS BANK USA, about 1.54 per $1 billion of deposits; the company responded on time to 99.6%. Complaint counts grow with the number of customers and cover the whole company, including checking accounts, and the CFPB does not verify each complaint, so treat them as a rough signal. Read the complaints.
Sources: FDIC BankFind (certificate, deposits and assets), FDIC national deposit rates (October 19, 2026), CFPB Consumer Complaint Database (product "Checking or savings account"). Updated monthly.
How Marcus by Goldman Sachs works
Marcus sells three kinds of CD, all with a $500 minimum. The High-Yield CD runs from 6 months to 6 years, and every term from 12 months up pays the same 4.40% APY. The No-Penalty CD comes in 7-, 11- and 13-month terms; starting 7 days after you fund it, you can take out the whole balance with no penalty, but not part of it. The Rate Bump CD (20 months, 4.35%) lets you ask for a higher rate if Marcus raises the rate on that term. Under the 10-Day Rate Guarantee, if the rate rises in the 10 days after you open a CD and you fund it in that window, you get the higher rate.
Because 12 months through 6 years all pay 4.40%, a longer term buys a longer lock, not more yield. That makes a short CD ladder cheap to build here. The federal-data block on this page compares these rates with the FDIC national averages and shows the CFPB complaint count for Goldman Sachs Bank USA.
A hypothetical early withdrawal: you put $10,000 in a 12-month CD at 4.40% and close it after 6 months. The term is 1 year or less, so the penalty is 90 days of interest. Marcus states the formula as interest rate / 365 x penalty days x original principal. Using the APY as an approximation of the rate: 4.40% / 365 x 90 x $10,000 = $108.49. Six months of interest is about $10,000 x 4.40% x 6 / 12 = $220.00, leaving roughly $220.00 minus $108.49 = $111.51. In the 11-month No-Penalty CD, the same exit after 6 months would cost nothing. Run your own figures in the CD calculator.
Pros
- 4.40% APY on every term from 12 months to 6 years
- Three no-penalty terms (7, 11 and 13 months)
- 10-Day Rate Guarantee and a 30-day window to add to a High-Yield CD
- Phone support around the clock
Cons
- $500 minimum on every CD
- Penalty is based on the original principal, and 270 days of interest on the 6-year term
- No ATM card and no cash deposits
- The 6-month term pays less (3.95%)
Who Marcus by Goldman Sachs fits, and who should skip it
A good fit if
- You want a 1- to 6-year CD from a large bank at one flat rate.
- You might need the money early and want a no-penalty CD at 4.00%.
- You can deposit at least $500.
Limitations to know
- No-Penalty CDs allow only a withdrawal of the full balance, starting seven days after funding, and take no added deposits. [1]
- CDs and savings accounts are limited to $1,000,000 per account and $3,000,000 per owner across all deposit accounts. [2]
- Outgoing ACH transfers started online are capped at $125,000 per transfer; larger amounts need a phone call. [2]
- Marcus does not take cash; checks are mailed, and there is no debit or ATM card. [2]
Marcus by Goldman Sachs compared with alternatives
| Bank | 6-month | 1-year | 3-year | 5-year | Minimum |
|---|---|---|---|---|---|
| Marcus by Goldman Sachs | 3.95% | 4.40% | 4.40% | 4.40% | $500 |
| Barclays | 4.00% | 4.50% | 4.50% | 4.75% | $0 |
| Synchrony Bank | 4.10% | 4.20% | 4.40% | 4.50% | $0 |
| Ally Bank | 3.85% | 4.30% | 4.10% | 4.25% | $0 |
| CIT Bank | 3.75% | 4.00% | 0.40% | 0.50% | $1,000 |
- Pick Barclays if you want 4.75% on a 2- or 5-year CD with no minimum.
- Pick Synchrony Bank if you want no minimum, IRA CDs and a 4.50% 5-year rate.
- Pick Ally Bank if you want lower early withdrawal penalties and a checking account at the same bank.
- Pick CIT Bank if you want a no-penalty CD next to a checking account and a high-yield savings account.
Security and privacy
- Deposits are held at Goldman Sachs Bank USA, an FDIC member (certificate 33124). FDIC insurance covers $250,000 per depositor, per bank, per ownership category. [2]
- These are bank CDs issued by Goldman Sachs Bank USA, not brokered CDs. [2]
- Every owner, including joint owners, must complete a signature card for each account opened. [2]
Recent changes
| Date | What changed |
|---|---|
| Oct 18, 2026 | CD rates up: 12-month 3.90% to 4.40%, 3-year and 5-year 4.35% to 4.40%; the 6-month (3.95%) and 11-month No-Penalty (4.00%) rates were unchanged. [1] |
| Oct 18, 2026 | Online Savings rate 3.40% to 3.50% APY. [3] |
Marcus by Goldman Sachs FAQ
Is Marcus FDIC insured?
Yes. Marcus CDs are deposits of Goldman Sachs Bank USA, FDIC certificate 33124, insured up to $250,000 per depositor, per ownership category.
What are Marcus CD rates today?
As of October 18, 2026, Marcus paid 4.40% APY on High-Yield CDs from 12 months to 6 years, 4.30% for 9 months and 3.95% for 6 months. No-Penalty CDs paid 3.75% (7 months), 4.00% (11 months) and 3.80% (13 months). Rates are for new CDs and fixed once opened. Compare on our <a href="/cd-rates/">CD rates page</a>.
What is the minimum deposit for a Marcus CD?
$500 for every CD type. On a High-Yield CD you can keep adding money during the first 30 days.
What is the penalty for withdrawing a Marcus CD early?
Ninety days of interest for terms of 1 year or less, 180 days for more than 1 year up to 5 years, and 270 days for more than 5 years, all figured on the original principal. On a $10,000 12-month CD at 4.40%, that is about $108.49.
How does the Marcus No-Penalty CD work?
Starting seven days after you fund it, you can withdraw the full balance with no penalty. Partial withdrawals and added deposits are not allowed.
How we researched this review
We did not get paid for this page. On October 19, 2026 we read Marcus by Goldman Sachs's own CD rate page, deposit account agreement and disclosures, quoted each fact and link every one below. FDIC and CFPB figures come straight from the agencies' public data. Penalty examples are our arithmetic on the bank's stated formula. CD rates for new accounts change often; we re-check them about once a month.
Sources
- Marcus by Goldman Sachs, CD rates (as of October 18, 2026), checked October 19, 2026.
- Marcus by Goldman Sachs, FAQs, checked October 19, 2026.
- Marcus by Goldman Sachs, Online Savings Account, checked October 19, 2026.
This review is for general information, not financial advice. CD rates for new accounts change often; the rate is fixed only once you open the CD. Confirm the current rate with the bank.