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MARCUS Bank (Goldman Sachs) 12 month CD 4.2% APY $500 min to open

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Joined Sep 2010
L8: Grand Teacher
> bubble2 3,539 Posts
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misel00
Yesterday at 05:25 PM.
Yesterday at 05:25 PM.
Honestly, you are much better off taking the current marcus NO PENALTY 13 month CD for 4.15% and then you will have full acess to your $$$ any time, you can also open mutiple NP Cd's in case you may need to access one just in case where the others NP CD's are still there earning the 4.15% plus you get the 13 month term... for a diff of only .05% I would much rather have a liquid cd and the extra month for 13 months guaranteed @ 4.15%.... of course everyones financial circumstances will be YMMV..
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Last edited by misel00 August 22, 2025 at 05:29 PM.
Joined Jan 2024
Typing Cat
> bubble2 2,351 Posts
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WolfTheCat
Today at 11:39 AM.
Today at 11:39 AM.
Very good rate if you care about being backed by a major bank like GS.

But there are a lot of banks and credit unions with higher 1-year CD rates.

For me, if it's got FDIC or NCUA, that's good enough for me.

If the full faith and credit of the USA goes to $h17, not a whole lot of my investments will survive that. Maybe the 2% of my investment assets in gold.
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Joined Nov 2009
L2: Beginner
> bubble2 39 Posts
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logangm
Today at 12:16 PM.
Today at 12:16 PM.
My Amex Savings Account is at 4.5% is the only benefit here people trust GS not to collapse?
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Joined May 2005
L3: Novice
> bubble2 281 Posts
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deetz
Today at 12:49 PM.
Today at 12:49 PM.
Quote from logangm :
My Amex Savings Account is at 4.5% is the only benefit here people trust GS not to collapse?
CDs lock in rates as well vs savings accounts with variable rates. If you believe rates will drop, it's good to lock in if you need access to the money. If you believe rates will rise, keep the flexibility of a savings account. I personally got with a mix of varying time length tbills since rates are decent with small lock in periods and saving on state income taxes for me equates to a 10% more of the interest staying in my pocket.
1
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Joined Feb 2007
L8: Grand Teacher
> bubble2 3,547 Posts
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sgb
Today at 12:56 PM.
Today at 12:56 PM.
Quote from logangm :
My Amex Savings Account is at 4.5% is the only benefit here people trust GS not to collapse?
How are you getting 4.5% at Amex? I am seeing the rate as 4.25% online. And with upcoming Fed rate cut, these savings rates will go down further.
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Joined May 2007
L7: Teacher
> bubble2 2,997 Posts
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fyreboltx
Today at 12:57 PM.
Today at 12:57 PM.
Quote from misel00 :
Honestly, you are much better off taking the current marcus NO PENALTY 13 month CD for 4.15% and then you will have full acess to your $$$ any time, you can also open mutiple NP Cd's in case you may need to access one just in case where the others NP CD's are still there earning the 4.15% plus you get the 13 month term... for a diff of only .05% I would much rather have a liquid cd and the extra month for 13 months guaranteed @ 4.15%.... of course everyones financial circumstances will be YMMV..
I've got a CD at Marcus expiring soon and saw a no penalty CD and am curious, how do they offer that? It's the point of a CD that the bank has access your money for X months or if you pull it out, they earn a fee on it?

Heck, I also have a regular savings account that I've been thinking about moving to their no penalty CD since the rate is higher, but don't get how they can offer something like that.
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Joined Aug 2025
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> bubble2 5 Posts
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BrightFeather280
Today at 01:47 PM.
Today at 01:47 PM.
Just buy new issue treasuries through your brokerage account
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Joined Nov 2009
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> bubble2 39 Posts
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logangm
Today at 01:50 PM.
Today at 01:50 PM.
Quote from sgb :
How are you getting 4.5% at Amex? I am seeing the rate as 4.25% online. And with upcoming Fed rate cut, these savings rates will go down further.
It has dropped from 4.8 when I opened it this January. I double checked and I'm still at 4.5. I have other accounts with them so I'm not sure if that gets me a higher rate or they just haven't dropped it down again yet.
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