High Yield CD - Marcus by Goldman Sachs 5.5% APY 12 month CD
+22Deal Score
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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
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For people worried they might need access to the money, break it up by opening multiple CDs in smaller amounts. If you have an emergency, you withdraw from one so you don't incur the penalty on all the money.
Anyone know if this CD is callable? Anything non-callable with a 5.5% or above rate on a 1yr or greater term is good right now. Most longer term products have already cut their rates over the past month or two based on the fed's announced rate decreases.
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.
I just have the Marcus HY savings but have had no issues with either deposits or withdrawals.
Does anyone know if we can sweep from Marcus Savings to CD and vice versa? Do all accounts at Marcus get capped at $250K for FDIC insurance or is it $250K per account?
The worst bank/institution I have ever worked with. No issues when depositing money but whenever I try to transfer a portion of my money to another account under my name. My account keep getting locked, the I have to call to go through several reps and several verification steps to prove my identity and to prove the other account is mine. After saying it is all good to go, my account still gets locked and have to repeat the process over and over and over and over again.
They did the same thing to me. then they lied it was fixed , nope account was locked again , spent hours on the phone , they held my money hostage . Blocked Ach withdrawal twice and was a customer for 6 years+. finally , only thing allowed was to use original funding account from years ago to get my money out. Worst bank experience i have ever had, you have been warned about there tactics !!!!!!!!!!!!!
The issue is that the Fed mentioned a possible 4x cut in 2024 and money markets, savings, treasury bills, and CDs rates will fall on that news. (in fact many rates have already started to move over last 1 month, look at the 10 year treasury Oct. 2023 vs Jan 2024)
Recent 2 reports showed that inflation is increasing again. They shouldn't be lowering rates until there has been 6+ months of inflation decreases. But it's an election year, so who knows.
I'll stick with my Redneck Bank rate, thanks. Go ahead and laugh at the name but they pay 5.30% with 10 debit card transactions per statement, which is easy. Couple of trips to the cheap taco place, convenience store….done! Variable rate? Yes, but not in the last year! Fee free, free bill pay, ATM reimbursement great place to park cash waiting to pay bills. Love these guys!
The way the gov prints money makes the real inflation way higher that any investment besides Bitcoin useless against it
No matter where you put your fiat you will always lose
They have been diluting your fiat
The only safe way is Bitcoin
The only thing you can take when you die and no one can take it away from you
Bitcoin is a weapon against inflation and the system
Wake up people
The worst bank/institution I have ever worked with. No issues when depositing money but whenever I try to transfer a portion of my money to another account under my name. My account keep getting locked, the I have to call to go through several reps and several verification steps to prove my identity and to prove the other account is mine. After saying it is all good to go, my account still gets locked and have to repeat the process over and over and over and over again.
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Anyone know if this CD is callable? Anything non-callable with a 5.5% or above rate on a 1yr or greater term is good right now. Most longer term products have already cut their rates over the past month or two based on the fed's announced rate decreases.
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.
I just have the Marcus HY savings but have had no issues with either deposits or withdrawals.
Does anyone know if we can sweep from Marcus Savings to CD and vice versa? Do all accounts at Marcus get capped at $250K for FDIC insurance or is it $250K per account?
Which one is that?
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No matter where you put your fiat you will always lose
They have been diluting your fiat
The only safe way is Bitcoin
The only thing you can take when you die and no one can take it away from you
Bitcoin is a weapon against inflation and the system
Wake up people