bank rates

Marcus Offers Top CD Rates Across The Board

Marcus cd ratesIf you’re in the market for a CD, short-term or long, Marcus by Goldman Sachs is offering great deals across the board. Indeed, it’s at the head of the pack, paying close to the top rate on nearly every term.

Marcus was formerly known as GS Bank. The rebrand has been in the making for quite some time, but it officially switched over this year.

One deal from Marcus that sticks out is its offer on 5-years.

Marcus is offering 2.50% APY on 5-year CDs with a $500 minimum.

You’ll also find that Marcus is posting top deals on 3- and 4-year CDs right now. And it’s deals on other terms are certainly worth considering as well.

Of course, it’s always crucial to compare the best CD rates before you purchase.

Here are Marcus’ CD Rates for Five Terms:

Marcus CD Rates
Term Rate Minimum
1-year 1.65% APY $500
2-year 1.75% APY $500
3-year 2.00% APY $500
4-year 2.10% APY $500
5-year 2.50% APY $500

Requirements to open

You can open up a Marcus CD online. You’ll need your Social Security Number, date of birth and valid US street address. You can transfer funds online or by check via snail mail.

In addition to the minimum deposit requirements, you’ll need to keep the CD through the full term to earn the APY. If you decide to withdraw early, you may get hit with a penalty.

The future of CDs

While the Fed rate hikes have pushed some banks to increase their rates, not all will be so quick to react. That makes it crucial to keep an eye out for CDs at banks like Marcus that are already on the rise.

Make sure to check out the best CD rates daily.

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