Marcus by Goldman Sachs High-Yield CD

The Marcus High-Yield CD is the certificate of deposit arm of Goldman Sachs Bank USA's consumer brand. Terms run from 6 months to 6 years, every term takes a $500 minimum, and there are no monthly maintenance fees. As of October 14, 2026 the 12 month High-Yield CD and the 18 month High-Yield CD pay 4.40% APY, and so does every High-Yield term from 2 years to 6 years. The 9 month High-Yield CD pays 4.30% APY and the 6 month pays 3.95%. The curve is flat at 4.40% from 12 months out. No-Penalty CDs pay 3.75% for 7 months, 4.00% for 11 months, and 3.80% for 13 months. The 20-Month Rate Bump CD pays 4.35%. All of those figures come from Marcus's own CD pages, read on October 14, 2026. Two Marcus features are worth knowing. The 10-Day CD Rate Guarantee means that if you open a CD, fund it with at least $500 within 10 days, and the posted rate for your term rises during that window, you automatically get the higher rate. Interest compounds daily and credits monthly, and can be disbursed to your savings or an external bank each month. The fine print: the early withdrawal penalty is 90 days of interest on terms of one year or less, 180 days on terms over one year up to five years, and 270 days on terms longer than five years. On an 18 month CD that is a 180 day penalty. The No-Penalty CD lets you withdraw the full balance from 7 days after funding, but it does not allow partial withdrawals. Marcus's FAQs state a 30-day initial funding period. Balances are capped at $1,000,000 per account and $3,000,000 per owner across all Marcus deposits. This fits savers with $500 or more and a defined horizon of 12 months or longer. The 9 month at 4.30% is the shorter lock if 12 months is too long, and the No-Penalty CDs are the option if you might need the money early. Think twice if you might need the money before maturity, since the High-Yield CDs charge 90 to 270 days of interest to break.