Marcus CD Rates Today

Marcus by Goldman Sachs CD Rates

APYs from the banks' official rate pages · checked 2026-11-09

National CD Rates Today

FDIC national rates and rate caps · October 19, 2026

How Much Does $10,000 Earn in One Year?

Marcus CD rates are the annual percentage yields (APYs) that Goldman Sachs Bank USA, through its online brand Marcus, pays on its certificates of deposit. Every Marcus CD type requires a $500 minimum deposit, and a standard Marcus CD locks its rate for the whole term. The “$10,000 earns (1 yr)” figure is a one-year amount for every term, so a shorter or longer CD pays a different total over its own term.

How to Read the Marcus Rate Table

APY and the earnings column

APY is the yearly return including compounding, which makes it the right number for comparing CDs across banks. The earnings column applies a simple formula:

One-year earnings = deposit × APY

That holds only for money left on deposit for a full year. For any other term, the calculation is:

Earnings over the term = deposit × ((1 + APY)^years − 1)

This assumes the interest stays in the CD and the rate holds for the full term, which it does for a standard fixed-rate CD.

Hypothetical example, 6-month term: $10,000 at a 4.00% APY earns about $10,000 × (1.04^0.5 − 1) = $198.04 over six months. The one-year figure would show $400, but the CD matures after half a year. You would then have to reinvest at whatever rate is on offer at that point.

Hypothetical example, 2-year term: $10,000 at a 4.00% APY earns $10,000 × (1.04² − 1) = $816 by maturity. That is more than twice the one-year figure because the second year’s interest is also paid on the first year’s interest.

Terms and flat rates

Marcus has offered high-yield CDs from 6 to 72 months, more than the five terms listed. For any other term, look up its current APY directly.

Pay attention when several terms show the same APY. A longer CD at the same yield as a 12-month CD pays nothing extra for the longer lock-up and carries a larger early withdrawal penalty. It makes sense only if you expect rates to fall and want to hold the current yield longer.

Dates

The Marcus rates carry an “as of” date and a “checked” date, and the national figures have their own publication date. Banks can change CD rates at any time before an account is funded, so part of a gap between the Marcus and national figures may reflect timing.

The Three Marcus CD Types

Marcus offers three kinds of CDs:

• High-yield CD: a standard fixed-rate CD. You choose a term, the APY is locked once the account is funded, and an early withdrawal penalty applies before maturity.
• No-Penalty CD: a CD with shorter fixed terms (Marcus has offered 7, 11 and 13 months) that lets you withdraw the full balance before maturity without a penalty. Two conditions apply: you must wait at least seven days after the opening deposit, and the APY is typically lower than on high-yield CDs of similar length. Because the withdrawal closes out the CD, treat it as an exit option rather than a way to make partial withdrawals.
• Rate Bump CD: a 20-month CD that lets you raise your rate once during the term if Marcus increases the rate it offers on new 20-month Rate Bump CDs. The bump depends on Marcus’s own rate for that product, not on the Fed or any market index. If rates never rise, you keep the opening APY.

Deposits, Penalties and Maturity

Funding window

Marcus discloses that the APY can change before a CD is opened and funded. To lock the displayed rate, you must deposit at least $500 within 10 days of opening the account. Maximum balance limits also apply, so a very large deposit may need to be split across accounts or banks.

Early withdrawal penalty

Taking principal out of a high-yield or Rate Bump CD before maturity triggers a penalty measured in days of interest:

Hypothetical example: a $10,000 three-year CD at a 4.00% APY carries a penalty of roughly $10,000 × 0.04 × 180 ÷ 365 = $197.26, a simple-interest approximation; the bank’s exact method may differ slightly. If you break the CD early in its term, before that much interest has accrued, the penalty can exceed the interest earned so far. The account agreement governs how that shortfall is handled.

Grace period at maturity

When a CD matures, a 10-day grace period lets you withdraw the money without a penalty. This is the window to move the funds or pick a different term before the CD rolls into a new one.

Comparing Marcus to the National Figures

The FDIC figures answer a different question: how a bank’s rate compares with the broader market.

• National rate: an average of rates paid by FDIC-insured institutions for each product and term. It includes large branch banks that pay very little on CDs, which is why it often sits well below what online banks such as Marcus advertise. It describes the market as a whole, not a rate you can get.
• National rate cap: the maximum rate that a bank that is not well capitalized may generally pay on deposits, under FDIC rules based on national rates and Treasury yields. It is a regulatory ceiling, not the best rate available, and well-capitalized banks are not bound by it.
• Treasury yield: the yield on Treasury securities of comparable maturity. This is the most direct alternative for cash you can lock up, and a useful check on whether a CD rate is competitive.

The national $10,000 earnings figures use the same one-year formula, so subtract the national-average row from a Marcus 12-month row to see the dollar difference for one year. Compare the APY with the U.S. inflation rate by year: the gap between the two is your real return before taxes.

Will Marcus CD Rates Go Up?

No one can say in advance. Marcus sets its own rates and can change them for new deposits at any time. Its rates tend to follow the same forces that drive all bank deposit pricing:

• The federal funds rate. When the Federal Reserve raises or cuts its policy rate, banks’ cost of funds moves with it.
• Treasury yields at each maturity. These shape how banks price 1-year compared with 3-year or 5-year money. That is why longer CDs can pay less than shorter ones when markets expect rates to fall.
• The bank’s own funding needs. A bank that wants more deposits can price above the market, and one with plenty can let its rates drift lower.

A standard CD’s APY is fixed once the account is funded, so later rate changes neither reduce nor raise it. The Rate Bump CD is the only Marcus CD built to benefit from a rise during the term. The No-Penalty CD lets you leave without a penalty and reinvest at a higher rate elsewhere.

Safety and the Bank Behind Marcus

Marcus CDs are issued by Goldman Sachs Bank USA, an FDIC member. Deposits are insured up to $250,000 per depositor, per insured bank, per ownership category, and Marcus deposits count toward the same limit as any other deposits you hold at Goldman Sachs Bank USA. Marcus is online-only, with no branches.

CD interest is taxable as ordinary income at the federal and state level in the year it is credited, even if you leave it in the CD.

Alternatives to Marcus CDs

• CDs at other banks: online banks and credit unions compete on CD pricing, and the leader changes by term. Compare the best CD rates today and big-bank pricing such as Chase CD rates to see how wide the gap can be.
• High-yield savings accounts: a variable rate with no lock-up and no penalty, better for emergency funds or money with an uncertain timeline. See the best high-yield savings accounts.
• Money market and high-yield checking accounts: variable rates, often with check-writing or debit access, but usually with conditions, balance tiers or caps on the top rate.
• Treasury bills, notes and bonds: backed by the U.S. government, sellable before maturity at market prices, and exempt from state and local income tax. That exemption can make a slightly lower Treasury yield equal to or better than a CD after tax in high-tax states.