Goldman Sachs Bank USA
Marcus by Goldman Sachs High-Yield CD Review 2026
Updated August 25, 2026
Top-tier APY with a no-penalty option — the safest CD entry point.
Quick answer
The Marcus by Goldman Sachs High-Yield CD pairs a competitive ~3.90% 1-year APY (down from ~5.00% in June 2026) with a 10-day rate guarantee and a no-penalty CD option that lets you withdraw principal and interest after just 7 days. It requires a $500 minimum deposit, offers terms from 6 months to 5 years, and is FDIC-insured up to $250,000.
Who Marcus by Goldman Sachs High-Yield CD is best for
Savers who want high APY with a no-penalty escape hatch for short-term liquidity.
At a glance
- 1-year APY
- ~3.90%
- No-penalty CD
- Available
- Minimum deposit
- $500
- FDIC
- Insured
Verified via bankrate.com CD rate survey, Aug 26 2026 — down from ~5.00% in Jun 2026; confirm at marcus.com before opening
11-month no-penalty CD at slightly lower APY
Required to open any Marcus CD
Goldman Sachs Bank USA — $250K coverage
Pros
- +10-day rate guarantee — if rates rise within 10 days of opening, Marcus matches the higher rate
- +No-penalty CD option: withdraw principal + interest after 7 days without a penalty
- +Range of terms available: 6-month, 9-month, 1-year, 18-month, 2-year, 3-year, 5-year
- +Backed by Goldman Sachs Bank USA — strong balance sheet
- +Clean digital account management; straightforward renewal prompts
Cons
- −$500 minimum deposit (some competitors open with $0)
- −Early-withdrawal penalty applies to standard CDs if you withdraw before maturity
- −No ATM or debit-card access — CDs are pure savings vehicles
Marcus by Goldman Sachs High-Yield CD requirements
- US resident with SSN/ITIN
- At least 18 years old
- $500 minimum opening deposit
- Linkable external bank account
Marcus by Goldman Sachs High-Yield CD rates & fees
The Marcus 1-year High-Yield CD was offering approximately 3.90% APY as of August 26, 2026 — down from the ~5.00% level seen in June 2026 as the broader rate environment eased. The 11-month No-Penalty CD carries a slightly lower APY in exchange for penalty-free early withdrawal after 7 days. No monthly maintenance fees on any CD. Verify the current rate at marcus.com before opening — APYs are fixed at funding for the full term.
Rates & fees last verified at the issuer on 2026-08-25. Always confirm current terms before applying.
◆ ClearValue platform data
How Marcus's CD APY compares to the FDIC national average
Against the FDIC's national average of 1.71% for a 12-month CD as of August 17, 2026 (FDIC National Rates and Rate Caps), Marcus's advertised ~3.90% 1-year APY runs at roughly 2.3x the national benchmark. Marcus's rate has fallen from ~5.00% in June 2026 to ~3.90% as of late August 2026, tracking the broader decline seen across online-only CD issuers over the same period.
Worked on a $10,000 deposit for 12 months: Marcus's ~3.90% APY yields about $390 in interest versus $171 at the national average — a $219 difference on that balance. Marcus's 10-day rate guarantee (the APY you lock in when you open is protected if the advertised rate drops within 10 days) and its no-penalty CD option (early withdrawal after 7 days) are both features the plain national-average figure doesn't capture — the FDIC number is a floor for comparison, not a full substitute for reading the account terms. Among the 6 CD offers in this guide with a live 1-year rate, Bread Savings currently leads at ~4.25% APY; Marcus's ~3.90% now sits in the middle of the pack rather than at the top.
Primary sources: FDIC National Rates and Rate Caps
The 1.71% figure is the FDIC's national average across all insured institutions, not a Marcus/Goldman Sachs quote — verify the live APY at marcus.com, since it moves with the Fed's rate path.
Marcus by Goldman Sachs High-Yield CD alternatives
Top alternatives worth comparing from Best CD Rates 2026.
Ally Bank
Ally Bank CD
Better if you want no-penalty and raise-your-rate options at one bank
Comenity Capital Bank
Bread Savings CD
Better if APY maximization on short-term CDs is the only goal
Synchrony Bank
Synchrony Bank CD
Better if you want $0 minimum or a bump-up rate option
Ready to apply?
Application takes minutes. Pre-qualification (where available) uses a soft credit pull with no impact to your credit score.
Apply at Goldman Sachs Bank USA→Last verified at the issuer on 2026-08-25
The full lineup
See all picks in Best CD Rates 2026
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
Marcus by Goldman Sachs High-Yield CD scores 4.2 / 5 on the ClearValue Rating — a deterministic editorial composite from the product's own published fees, terms, and eligibility. Best for: Savers who want high APY with a no-penalty escape hatch for short-term liquidity.
◆ How we scored it
The ClearValue Rating, broken down.
- Cost
- 35%
- Fit & approval odds
- 30%
- Speed & terms
- 20%
- Transparency
- 15%
Cost (35%), Fit & approval odds (30%), Speed & terms (20%), Transparency (15%) — scored consistently across every product, independent of compensation. Full methodology →
Frequently asked
Questions about Marcus by Goldman Sachs High-Yield CD
What is the Marcus CD APY in 2026?+
Marcus by Goldman Sachs publishes CD APYs across multiple terms — 6-month, 9-month, 1-year, 18-month, 2-year, 3-year, and 5-year. As of June 2026, the 1-year CD was in the ~5.00% range per marcus.com. CD APYs are fixed at the time of opening for the full term. Always verify the current rate at marcus.com before funding — rates adjust with the market environment. Source: Marcus by Goldman Sachs official disclosure at marcus.com; FDIC-insured via Goldman Sachs Bank USA.
Does Marcus offer a no-penalty CD?+
Yes. Marcus offers an 11-month No-Penalty CD that lets you withdraw your full principal and accrued interest after the first 7 days of funding without paying an early-withdrawal penalty. The APY on the No-Penalty CD is typically slightly lower than the standard CD of a comparable term. This is the right product if you want guaranteed APY but want the ability to access your funds before maturity. Verify current terms and APY at marcus.com.
What is the early-withdrawal penalty on a Marcus standard CD?+
Marcus standard CDs charge an early-withdrawal penalty if you break the CD before maturity. The penalty amount varies by term length — shorter terms carry smaller penalties; longer terms carry larger ones. Marcus discloses the exact penalty schedule in its CD terms at marcus.com. If liquidity is a concern, consider the No-Penalty CD instead.
Is ClearValue Lending a bank or CD issuer?+
No. ClearValue Lending is not a bank, CD issuer, lender, or financial advisor. This review presents publicly available editorial information about Marcus High-Yield CDs. Marcus CDs are issued and operated by Goldman Sachs Bank USA. APYs, terms, fees, and eligibility are determined solely by Goldman Sachs Bank USA and may change — verify current terms at marcus.com before opening.
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Independent editorial review. ClearValue Lending is a business & personal financing platform — not a lender, broker, or financial advisor. Some links are affiliate links; the issuer may pay a referral commission at no cost to you, which never changes the score. Specific product terms vary; verify with the issuer before applying. See privacy policy.