Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Frontpage

Marcus Bank (Goldman Sachs): 12-Month Fixed Rate CD Expired

5.15% APY
($500 minimum to open)
+61 Deal Score
64,244 Views
Marcus Bank (Goldman Sachs) is offering a 12-Month Fixed Rate Certificate of Deposit at 5.15% APY with $500 minimum deposit.

Thanks to community member SUCHaDEAL for finding this deal.
  • Deal Image
Deal Image
Apply Now

Original Post

Written by
Edited August 6, 2024 at 08:06 AM by
Add Comment
Reply
in Finance Marcus - Bank Advertiser
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.

Check Out Similar Finance Deals

View All
Chase Offer: Uber 10% or 15% Back on Rides ($4.50 or $6.75 Max. Back) YMMV **Add Offer** Use by July 6, 2025
1 2
BB CC Holders: Earn a $50 reward certificate for purchasing a My Best Buy Plus™ or My Best Buy Total™ membership with your Card (ENDS 7/6/25)
4 3
YMMV: Get $300 with a new Apple Card
14 16
Frontpage
PayPal.com
Select PayPal Accounts: Make a $10+ Purchase & Checkout with PayPal, Get $5 in Points
Get $5 in Points
253 127
IHG One Rewards Premier Credit Card: Earn 5 Free Nights, valued at up to 300,000 points, after spending $5,000 in the first 3 months from account opening
6 6
Frontpage
Prime Visa: $200 Amazon Gift Card Instantly Upon Approval
41 72
Deal
Score +61
64,244 Views
5.15% APY
Apply Now
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

111 Comments

View Forum Thread

Your comment cannot be blank.

Featured Comments

A bank/credit union CD will usually give you two options:
- Let the interest collect/reinvest in the CD and take all the money at the end of the term. (Note: Brokered CDs don't do this).
- Collect the interest as-you-go, usually monthly or quarterly.

Then, at the end of the term the bank CD has the big *gotcha*.

You have x number of days after the CD matures to take your money out. You have to do in that timeframe. If you do not, it rolls over into another CD of the same term (I.E. 1 year CD makes a new 1 year CD). That new CD probably won't have your awesome promotional rate, and you get *R$#(ed if you let them do that.

So, if you buy a bank CD, have a calendar reminder to take the money out at the right time!
·
5% not 5.5% (a 60 days 0.5% bonus is awarded for depositing $1k). However, when rates drop so will the interest in Robinhood, the CD is locked in. Not financial advice.
·
Savings account rate can dip at any time.

Sure the funds are locked in with a CD, but so is the rate.

Obviously you're not supposed to put emergency funds in a CD. Just funds you're sure you don't need for a while.
·

Sign up for a Slickdeals account to remove this ad.

Joined Jul 2008
L5: Journeyman
> bubble2 799 Posts
464 Reputation
Kaufboy
08-08-2024 at 06:37 PM.
08-08-2024 at 06:37 PM.
Quote from WolfTheCat :
You'd have to go with different ownership.

You could go with a different bank for the 2nd CD.

Or, you could put the 2nd CD in your spouse's name, and make a 3rd CD joint-owned.

Each spouse's individual account is FDIC insured up to $250k and the joint account up to $500k. $1 million total.
Reply
Joined Jan 2009
L3: Novice
> bubble2 263 Posts
34 Reputation
LanceTX
08-08-2024 at 07:13 PM.
08-08-2024 at 07:13 PM.
Deal is dead as rate is now down to 5.00% APY.
1
Reply
Joined Oct 2008
L7: Teacher
> bubble2 2,193 Posts
100 Reputation
flightxxx
08-09-2024 at 02:00 PM.
08-09-2024 at 02:00 PM.
any deals for a 24 month cd with rates at 5% or higher?
Reply
Joined Jan 2024
Typing Cat
> bubble2 2,249 Posts
1,449 Reputation
Pro
WolfTheCat
08-09-2024 at 06:25 PM.
08-09-2024 at 06:25 PM.
Quote from flightxxx :
any deals for a 24 month cd with rates at 5% or higher?

A couple credit unions. Ignore the variable CDs.

https://www.depositaccounts.com/c...rates.html
Reply
Joined Oct 2008
L7: Teacher
> bubble2 2,193 Posts
100 Reputation
flightxxx
08-09-2024 at 10:25 PM.
08-09-2024 at 10:25 PM.
Quote from WolfTheCat :
A couple credit unions. Ignore the variable CDs.

https://www.depositaccounts.com/c...rates.html
thanks, looks like nothing over 5% that does not require specific employer membership
Reply
Joined Jan 2024
Typing Cat
> bubble2 2,249 Posts
1,449 Reputation
Pro
WolfTheCat
08-10-2024 at 06:06 AM.
08-10-2024 at 06:06 AM.
Quote from flightxxx :
thanks, looks like nothing over 5% that does not require specific employer membership
Two points:
- Many credit unions have a mechanism for you to join through some third-party. Check their website.
- Be sure to punch in your zip code. Sometimes the regional deals beat the national deals. That's pretty common where I live.
Reply
Joined May 2008
Super Moderator
> bubble2 2,433 Posts
695 Reputation
Global Mod
pur | Staff
08-10-2024 at 08:50 AM.
08-10-2024 at 08:50 AM.
Quote from DelightfulCrow1116 :
I know they are FDIC insured up to $250,000. What if you have more than that amount that you want to put into a CD? Are you able to make multiple CD accounts under your name and they will each be insured up to $250,000?
It would have to be a different type of account like a joint account or IRA.

Quote :
The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category. Deposits held in different ownership categories are separately insured, up to at least $250,000, even if held at the same bank.
https://www.fdic.gov/resources/de...index.html
https://edie.fdic.gov
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Apr 2009
L7: Teacher
> bubble2 2,080 Posts
1,130 Reputation
iCEifer
08-12-2024 at 07:42 PM.
08-12-2024 at 07:42 PM.
Quote from MerryCemetery5588 :
Wf is 5%? Im only getting 4.65%(wellsfargo platinum savings)
Not sure what the rate at Wealthfront is but it might be a variable rate that is subject to change. Your wells fargo *might* be 4.65% FIXED for 12 months if you signed up during one of their promotions.
Reply
Page 8 of 8
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.