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High Yield CD - Marcus by Goldman Sachs 5.5% APY 12 month CD
High Yield Certificate of Deposit at 5.5% APY
This is one of the best rates around. There is an early withdrawal penalty but if you're planning on keeping your money in the CD, this is one of the best rates.
$500 minimum balance
Manage your account online
10 Day CD rate Guarantee
https://www.marcus.com/us/en/savi...-yield-cds
This is one of the best rates around. There is an early withdrawal penalty but if you're planning on keeping your money in the CD, this is one of the best rates.
$500 minimum balance
Manage your account online
10 Day CD rate Guarantee
https://www.marcus.com/us/en/savi...-yield-cds
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Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
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56 Comments
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Those rates can increase at any time, so the 12-month holding period might not be worth it in some cases.
There could be a bonus that offers a better return, but there is no chance rates will go higher unfortunately, and they will likely be cut soon
What…SD is owned by GS?! Thanks, had no idea!
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If you are considering CD, remember they usually have a penalty for early withdrawal. I consider not as liquid as a savings account. So, if you might need the money before maturity, a savings account may be better. Finally, the interest from a CD or a savings account are taxable by state & local governments. If your state does not have an income tax, then this is not a consideration.
Alternatively, many people in the past have suggested money market funds or t-bills. The Vanguard Treasury Money Market Fund has a 5.29% yield, and most of the dividend/interest is exempt by states. T-bills offer approximately 5.4% return and are full exempt by state governments. Note, these investments are not FDIC insured but are backed by the US Gov't. CDs & savings accounts are insured.
Yeah that's the main consideration. If you can tolerate the illiquidity, you'll probably be better off if you lock in now before rates (likely) go down.
People are desiring to lock money up now for longer, while rates are higher. So this may not be great for your 'emergency fund' of 3-6x months of expenses but for any of that middle ground money that you don't want to invest and you don't need right now...well then locking in higher rates before a drop could be a good thing.
I don't see the rationale for cutting rates, except that it's an election year. Fed and their games...
Crooked Fed needs to bail out garbage banks like B of A (sitting on huge paper loss). Don't want to disappoint the Street in March without a rate cut. Time to consider qualified dividends.
Underperforming business real estate will continue to drag on bank's earnings.
I sit on my wallet and never vote for the same politician twice. Don't let the crooks in DC use party politics to keep themselves in office.
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My family had 3 accounts with them and it was a pain in the a$$ trying to get our money out. It had to be transferred out into the same account it came from. No less than 4 lengthy phone calls to close each one.