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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 3,540 Posts
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misel00
08-22-2025 at 05:25 PM.
08-22-2025 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
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WolfTheCat
Yesterday at 11:39 AM.
Yesterday 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.
1
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Joined Nov 2009
L2: Beginner
> bubble2 39 Posts
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logangm
Yesterday at 12:16 PM.
Yesterday 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
Yesterday at 12:49 PM.
Yesterday 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
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sgb
Yesterday at 12:56 PM.
Yesterday 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
Yesterday at 12:57 PM.
Yesterday 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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BrightFeather280
Yesterday at 01:47 PM.
Yesterday 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
Yesterday at 01:50 PM.
Yesterday 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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Joined Jan 2024
Typing Cat
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WolfTheCat
Yesterday at 06:07 PM.
Yesterday at 06:07 PM.
Quote from BrightFeather280 :
Just buy new issue treasuries through your brokerage account
The one-year treasury rate is under 4%. The CD wins.
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Joined Oct 2010
L3: Novice
> bubble2 193 Posts
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snapcoyote
Yesterday at 06:14 PM.
Yesterday at 06:14 PM.
Bask Bank has 6 month and 12 month CD at 4.3%.

https://www.baskbank.com/products...of-deposit
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Joined Feb 2014
L2: Beginner
> bubble2 80 Posts
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ViT3633
Yesterday at 07:12 PM.
Yesterday at 07:12 PM.
Quote from logangm :
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.
I see 3.5% if I wanted to open one now.
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Joined Sep 2010
L8: Grand Teacher
> bubble2 3,540 Posts
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misel00
Yesterday at 07:35 PM.
Yesterday at 07:35 PM.
Quote from fyreboltx :
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.
Very Easily.... you open the NP Cd and it's 13 months at 4.15% ..if you need the $$$ prior to that, you just redeem it and there is no penalty. Real simple. best bet is to open multiple Np Cd's just in case you may need some $$$ in the next 1 3months that way you are only redeeming one smaller Cd and the rest are still earning 4.15%...
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Joined Dec 2009
L9: Master
> bubble2 4,919 Posts
506 Reputation
rdcrds
Yesterday at 10:37 PM.
Yesterday at 10:37 PM.
Quote from misel00 :
Very Easily.... you open the NP Cd and it's 13 months at 4.15% ..if you need the $$$ prior to that, you just redeem it and there is no penalty. Real simple. best bet is to open multiple Np Cd's just in case you may need some $$$ in the next 1 3months that way you are only redeeming one smaller Cd and the rest are still earning 4.15%...
I am waiting for the interest to hit my openbank account in a week or less then move it to a 13 month NP CD. The thing with the GS NP CD is you can fund it 1 time from 1 deposit only. I have money in different banks so i guess i would open a few of them. .
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Joined May 2009
L6: Expert
> bubble2 1,752 Posts
211 Reputation
khalid7412002
Yesterday at 10:49 PM.
Yesterday at 10:49 PM.
Quote from logangm :
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.
Do you have a special savings account?

I have like 5-6 cards with them and my savings is at 3.5%
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