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High-Yield CDs | Marcus by Goldman Sachs® $4.5

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Joined Feb 2007
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HemiMuscle
03-02-2025 at 07:36 AM.
03-02-2025 at 07:36 AM.
Buying power gets demoted 20% per year.
1
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Joined Aug 2006
L9: Master
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runner0382
03-02-2025 at 08:35 AM.
03-02-2025 at 08:35 AM.
Quote from WolfTheCat :
Callable bank CDs are pretty unusual, and if it was callable, I don't think Goldman would try to hide that.

Callable is more common in brokered CDs.

I'd assume it's not callable, but read everything during the application process to stay safe, or just ask Marcus.

To me, a callable CD doesn't make sense unless it pays extra, and more than a HYSA. They can get out without penalty, but you can't? Yeah, I want the bank to pay me for that clause.
Thanks. They don't explicitly state non-callable that I can find but I haven't gone through an app
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Joined Jan 2013
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j4c11
03-07-2025 at 07:16 PM.
03-07-2025 at 07:16 PM.
VUSXX is returning 4.36, and mostly exempt from state tax. Obviously not locked in.
1
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Joined Jan 2024
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WolfTheCat
03-15-2025 at 04:37 PM.
03-15-2025 at 04:37 PM.
Quote from runner0382 :
Thanks. They don't explicitly state non-callable that I can find but I haven't gone through an app

Most bank CDs don't explicitly state non callable. I own several from different banks and credit unions, and don't recall any of them saying that.

Interest rates have come down a little since I bought them, so it would be slightly advantageous for the bank to call them. I can't get new CDs at the same term and rate.
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Joined Aug 2024
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CoolGoat158
04-18-2025 at 02:41 AM.
04-18-2025 at 02:41 AM.
Quote from MusicShark :
Not bad.

Link please
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Joined Aug 2024
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CoolGoat158
04-18-2025 at 02:42 AM.
04-18-2025 at 02:42 AM.
Quote from Cozz :
If anyone is holding off on a CD but wants this kind of rate, lending club savings is at 4.5% as well. Very happy with them so far. you have to put $250 a month to keep the rate.

Link please
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Joined May 2008
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Cozz
04-18-2025 at 02:48 AM.
04-18-2025 at 02:48 AM.
Quote from CoolGoat158 :
Link please
It's now at 4.4%. Still better than most

https://www.lendingclub.com/pd/se...i4QAvD_BwE

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Joined Jan 2024
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WolfTheCat
04-18-2025 at 10:54 AM.
04-18-2025 at 10:54 AM.
Quote from Cozz :
It's now at 4.4%. Still better than most

https://www.lendingclub.com/pd/se...i4QAvD_BwE [lendingclub.com]
But requires a monthly deposit. Not suitable for accounts that just hold, or draw down.
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Joined May 2008
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Cozz
04-18-2025 at 10:57 AM.
04-18-2025 at 10:57 AM.
Quote from WolfTheCat :
But requires a monthly deposit. Not suitable for accounts that just hold, or draw down.

And i pointed that out. in all honesty, if $250 automatic monthly deposits are a problem for you then maybe your biggest priority shouldn't be looking for the best rates.
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Joined Jun 2014
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mevorabuddy
04-18-2025 at 11:26 AM.
04-18-2025 at 11:26 AM.
Does any of them have bonuses to top it up
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WolfTheCat
04-18-2025 at 01:53 PM.
04-18-2025 at 01:53 PM.
Quote from Cozz :
And i pointed that out. in all honesty, if $250 automatic monthly deposits are a problem for you then maybe your biggest priority shouldn't be looking for the best rates.

Yes, you can, but I'm not a fan of products with requirements to do things I normally wouldn't.

For me, a savings account is an emergency fund. It holds a few months salary and I mostly leave it alone.

Sure, I could deposit and withdraw $250 every month and get 0.15% more than my current savings account. Just don't want to play the game for so little.

Now, if I was saving for something and depositing every month anyway, great deal.
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Joined Dec 2009
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rdcrds
04-20-2025 at 08:54 AM.
04-20-2025 at 08:54 AM.
Why would anyone use Lending club? you have to deposit each month to get the 4.40 rate.

Brio direct is 4.45 no monthly depsit

Openbank 4.40 i have had them for 6 months now love them so far.

My Banking Direct 4.40 same as open bank and you can Zelle money in and out

So why lending club? just put your money in one of these and leave it. Well for now...
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WolfTheCat
04-20-2025 at 12:43 PM.
04-20-2025 at 12:43 PM.
Quote from rdcrds :
Why would anyone use Lending club? you have to deposit each month to get the 4.40 rate.

Brio direct is 4.45 no monthly depsit

Openbank 4.40 i have had them for 6 months now love them so far.

My Banking Direct 4.40 same as open bank and you can Zelle money in and out

So why lending club? just put your money in one of these and leave it. Well for now...
I'll give a thumbs up to MBD.

The rate has fluctuated. Started at 4.5%, went down to 4.25%, but recently it went back up to 4.4% on my account, this was always in line with the market, and they stayed within a few basis points of the best rate available on depositaccounts.com.

This means they don't play the old game where existing customers only get rate drops, while new accounts get increases. I have the same rate as a new customer.
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Joined Dec 2009
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rdcrds
04-21-2025 at 07:55 PM.
04-21-2025 at 07:55 PM.
Quote from WolfTheCat :
I'll give a thumbs up to MBD.

The rate has fluctuated. Started at 4.5%, went down to 4.25%, but recently it went back up to 4.4% on my account, this was always in line with the market, and they stayed within a few basis points of the best rate available on depositaccounts.com.

This means they don't play the old game where existing customers only get rate drops, while new accounts get increases. I have the same rate as a new customer.
I have MBD and Openbank waiting to see if they stay even with each other and have about the same amount in each
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