My Annuity Store White Logo

Marcus by Goldman Sachs CD Rates Review

vector man writing on clipboard

Marcus Bank CD Rates Reviewed

Marcus by goldman sachs cd rates review - bank logo

This guide will review and compare Marcus Bank rates to CD rates offered by leading banks and today’s highest guaranteed annuity rates. Marcus by Goldman Sachs CD Rates are competitive but they don’t offer the best rate for any term.

Marcus by Goldman Sachs offers a wide selection of CD terms ranging from 6 months to six years, including three no-penalty CDs (7, 11, and 13 months). Marcus requires a relatively low $500 minimum balance on all of their certificate of deposits.

Marcus by Goldman Sachs CD Rates for January 2023

TermAPYMinimum Deposit
6 months3.75%$500
7 months*0.45%$500
9 months3.95%$500
11 months*0.35%$500
1 year4.40%$500
13 months*3.85%$500
18 months4.75%$500
2 years4.35%$500
3 years4.00%$500
4 years4.00%$500
5 years3.80%$500
6 years3.70%$500

Visit to view more Marcus by Goldman Sachs Cd Rates.

Marcus Bank High Yield CD Rates

  • Guaranteed Returns
  • Terms from 6 months to 6 years
  • A low $500 minimum deposit
  • 10-Day CD Rate Guarantee

Goldman Sachs Consumer Platform Bleeding Money

Marcus by Goldman Sachs has recently announced will no longer issue personal loans as they attempt to scale back the consumer lending business. 

According to a January 13, Reuters article, Goldman Sachs platform solutions business lost $3 billion in nearly three years.

CDs vs Fixed Annuity

A fixed annuity, often called a CD Type Annuity, is essentially a CD that is issued by an insurance company rather than a bank. The table below compares and contrasts some of the key differences and similarities between the two.

Issued ByInsurance CompaniesBanks
Investment Amount$2,000 - $1,000,000Essentially Any Amount
Investment Term2 years - 10 years3 months - 5 years
Interest Rates (APY)Varies by product.Varies by bank, term and investment amount.
LiquidityUsually, 10% annually or interest earned.Almost always accumulated interest.
GuaranteesBacked by Insurer & State Guaranty Associations.Backed by the FDIC.
Death BenefitMay avoid probate.Probate process required.

Today's Best "CD-Type" Annuity Rates

Fixed annuity rates are guaranteed for a set number of years similar to a certificate of deposit.

TermInsurerCompany DetailsAnnuity RateAM BestApplication
1 Year Clear spring annuity logo Clear SpringPreserve MYGA4.30%A-
2 Years Silac insurance company logo SILACSecure Savings Elite5.00%B+
3 Years Atlantic coast life annuity logo Atlantic Coast LifeSafe Haven5.63%B++
4 Years Nassau logo NassauSimple Annuity5.25%B++
5 Years Ibexis annuity logo Ibexis MYGA Plus5.80% SimpleA-
6 Years Nassau logo NassauSimple Annuity5.50%B++
7 YearsAspida annuity logoAspidaSynergy Choice5.60%A-
8 Years American national annuity logo American NationalPalladium MYG5.30%A
9 Years American national annuity logo American NationalPalladium MYG5.30%A
10 Years American national annuity logo American NationalPalladium MYG5.30%A

Today's Top CD Rates

3 Month CD Rates

Best 3 Month CD RatesRateTermMinimum
Popular DIrect4.10% APY3 Months$10,000
Merchants Bank of Indiana3.67% APY3 Months$1,000
Umbrella Bank3.40% APY3 Months$1,000
United Texas Bank3.40% APY3 Months$1,000
SchoolsFirst Federal Credit Union2.50% APY3 Months$20,000
Synchrony Bank2.25% APY3 Months$0
Bethpage Federal Credit Union2.25% APY3 Months$50

Best 1 Year CD Rates

Best 1 Year CD RatesRateTermMinimum
Capital One5.00% APY11 Months$0.00
Ivy Bank4.85% APY12 Months$1,000
CFG Bank4.85% APY12 Months$500
Popular DIrect4.75% APY12 Months$10,000
Limelight Bank4.75% APY12 Months$1,000
First Internet Bank4.75% APY12 Months$1,000
PenFed Credit Union4.60% APY12 Months$1,000
Alliant Credit Union4.60% APY12 Months$1,000
Bread Savings Bank4.50% APY12 Months$1,500
Marcus by Goldman Sachs4.40% APY12 Months$500
Bethpage Federal Credit Union4.40% APY12 Months$50

2 Year CD Rates

Best 2-Year CD RatesRateTermMinimum
Mountain America Credit Union4.75% APY24 Months$500
3Rivers Federal Credit Union4.75% APY21 Months$10,000
Pentagon Federal Credit Union4.45% APY24 Months$1,000
First National Bank of America4.40% APY24 Months$1,000
Marcus by Goldman Sachs4.35% APY24 Months$500
Synchrony Bank4.30% APY24 Months$0.01

3 Year CD Rates

Best 3 Year CD RatesRateTermMinimum
Genisys Credit Union4.84% APY30 Months$500
3Rivers Federal Credit Union4.75% APY33 Months$10,000
Crescent Bank4.65% APY30 Months$1,000
Alliant Credit Union4.60% APY36 Months$1,000
Randolph-Brooks Federal Credit Union4.60% APY36 Months$20,000
Bread Savings Bank4.50% APY36 Months$1,500
First National Bank of America4.40% APY36 Months$1,000
Discover Bank4.35% APY36 Months$2,500
Quontic Bank4.30% APY36 Months$500.00

4 Year CD Rates

Best 4 Year CD RatesRateTermMinimum
NASA Federal Credit Union4.75% APY49 Months$10,000
Lafayette Federal Credit Union4.58% APY48 Months$500
BMO Harris4.40% APY45 Months$5,000
First National Bank of America4.35% APY48 Months$1,000
Bread Savings Bank4.25% APY48 Months$1,500
Marcus by Goldman Sachs4.00% APY48 Months$500

5 Year CD Rates

Best 5-Year CD RatesRateTermMinimum
Lafayette Federal Credit Union4.63% APY60 Months$500
CFG Bank4.60% APY60 Months$500
Popular DIrect4.55% APY60 Months$10,000
GTE Financial4.54% APY60 Months$500
Quontic Bank4.45% APY60 Months$500
Discover4.40% APY60 Months$2,500
Synchrony Bank4.30% APY60 Months$0.00
Bread Savings Bank4.25% APY60 Months$1,500

Free CD-Type Annuity Quote

Fill out the form below to receive a free annuity quote within 4 business hours,
or use one of our annuity calculators.

CD Rate Calculator

How much will a CD pay? Enter your initial investment amount, the fixed annuity or CD rate and the term in the calculator below then hit CALCULATE.

By default, you’ll see what your annuity or CD will be worth at the end of the investment term based on compounding interest and no withdrawals.

You can access more calculators on our retirement calculators page.

Key Take-Aways

A CD is very similar to a fixed annuity. If you are looking for a safe and steady way to grow your retirement a fixed annuity may warrant consideration. One thing to keep in mind is annuities have early withdrawal penalties that are usually more costly than a bank CD.

Marcus by Goldman Sachs Phone Number

Online Savings Accounts, CDs & Insights

24 hours a day, 7 days a week

Taxable Investment Accounts, Traditional IRAs, Roth IRAs, SEP IRAs

US Toll-Free: 1-833-720-6468
Monday-Friday 9 am-6:30 pm


Frequently Asked Questions

Savings & Insights

Online Savings Accounts, CDs & Insights

US Toll-Free: 1-855-730-7283

While not FDIC insured, State Guaranty Associations provide a safety net for their state’s annuity policyholders. These Guaranty Associations guarantee policyholders continue to receive coverage (up to the limits spelled out by state law) even if their insurer is declared insolvent. Source: “Learn to Invest, Investment Types, Annuities, Fixed Annuities.”  Financial Industry Regulatory Authority (FINRA).  Visit FINRA’s Fixed Annuities Webpage

You can not lose money in a fixed annuity. However, guarantees are backed by the claims-paying ability of the issuing insurance company so it is important to consider an insurer’s financial rating when shopping for an annuity.

Marcus by Goldman Sachs is the consumer banking division of Goldman Sachs. Named for one of the founders of the investment bank (Marcus Goldman), Marcus is an online bank offering only a few specific banking products. Offerings include a high-yield savings account, high-yield CDs, no-penalty CDs and fixed-rate, no-fee personal loans. It also provides investment products. Goldman Sachs launched Marcus in 2016.

Compare Marcus by Goldman Sachs CD Rates to other Leading Financial Institutions

Jason Caudill, MBA

Jason Caudill, MBA

Jason Caudill is President of My Annuity Store, Inc. and has distributed more than $1.5 Billion of annuities during his career. He believes a lack of access to educational materials and annuity products has hindered the widespread adoption of these strategies in the United States. Jason has been a student of annuities since the age of 21 when was an intern for New York Life Insurance Company. His mission is to help change the way annuities are bought and sold.

Related Content

As Seen On:

NBC logo
ABC Logo
fox logo
MarketWatch logo
Investopedia logo
CBS Logo

Client Reviews

Scroll to Top

Get a Free Annuity Quote

Complete the form below and we’ll email your annuity quote within 4 business hours. For more immediate assistance you may reach us at 855-583-1104.

Join Our Newsletter

Sign up and get monthly annuity rate updates sent directly to your inbox.