Marcus CD Rates: Current APYs, Terms and Review

Key Takeaways

• Choices: High-Yield terms from six months to six years, three No-Penalty terms and a 20-month Rate Bump CD.
• Minimum: $500 to open and earn the stated APY; maximum deposit limits also apply.
• Flexibility: No-Penalty CDs allow the entire balance to be withdrawn beginning seven days after funding.
• Costs: High-Yield and Rate Bump CDs have early-withdrawal penalties that can reduce principal.
• Maturity: Set and confirm the CD Maturity Plan; renewal can use a different available rate.
• Insurance: Deposits are held at Goldman Sachs Bank USA, Member FDIC, and aggregate with other deposits there in the same ownership category.

What are the current Marcus CD rates?

The following annual percentage yields (APYs) were published by Marcus as of October 23, 2026. APYs can change before a CD is opened and funded. The stated APYs require at least $500; maximum balance limits apply. Early principal withdrawal can reduce earnings on High-Yield and Rate Bump CDs.

Source: Marcus's current CD rate table. A longer term does not necessarily pay a higher APY.

Which Marcus CD fits your goal?

High-Yield CD

A fixed term works for money you expect to leave until maturity. Choose the maturity date around the expense, not just the highest displayed rate. For example, a six-year CD is a poor timing match for a purchase expected next spring even if its APY looks attractive.

No-Penalty CD

The No-Penalty CD lets you withdraw the full balance beginning seven days after funding, without an early-withdrawal penalty. You cannot take out only the amount needed and keep the rest in that CD. Additional deposits are not allowed after its balance reaches $500. It offers an exit option, but is not a transaction account or immediate cash access during the initial waiting period.

Rate Bump CD

The 20-month Rate Bump CD permits one requested increase to an available higher rate for the same Rate Bump term, subject to eligibility. The increase is not automatic merely because market rates rise. Compare its starting APY with a regular CD: a future increase is optional and may never become available. Early principal withdrawal still carries a penalty.

What deposits and opening requirements apply?

Marcus requires $500 for the stated CD APY. Its current deposit FAQ also limits each account to $1 million and each account owner to $3 million across deposit accounts, with specific balance-calculation rules. These are deposit-acceptance limits, not FDIC insurance limits.

The 10-Day CD Rate Guarantee requires funding to at least $500 within 10 days after opening. Marcus then uses the highest published rate for that CD term during the guarantee period. It does not protect against a lower rate at a future renewal, and does not apply to subsequent Rate Bump increases. See How Marcus CDs Work.

Opening checklist

1. Select the CD type and term based on the money's purpose.
2. Check the latest APY, deposit limits and disclosure.
3. Complete the application and identity verification through Marcus.
4. Confirm the funding date and qualifying minimum, especially for the rate guarantee.
5. Record the maturity date and select the desired maturity instructions.

Do not assume you can keep adding savings to an existing CD throughout its term. Confirm the funding rules for your chosen product before sending additional money.

What are Marcus's early-withdrawal penalties?

The current schedule for High-Yield and Rate Bump CDs is based on interest on the original principal balance at the CD's interest rate. Do not substitute APY for the contractual interest rate when calculating a penalty.

Early principal withdrawal generally closes the CD; partial principal withdrawals before maturity are not permitted. If earned interest is insufficient, the penalty can reduce the principal returned. No-Penalty CDs have their separate full-balance withdrawal rule. Review the current Marcus FAQ and your account agreement for applicable exceptions and exact terms.

How do interest and maturity instructions work?

Marcus states that interest compounds daily and is credited monthly. APY expresses a year's yield including compounding under the stated assumptions. A 4.40% APY does not mean you earn 4.40% of principal over a six-month term. An illustration using a hypothetical $10,000 deposit at 4.40% APY for exactly one year produces $440 of interest if the APY applies for that year and all interest remains on deposit; taxes and any penalty are excluded.

Marcus follows the CD Maturity Plan you select. If you have not changed the original plan, its guide provides a 10-day grace period following maturity to make applicable changes or withdraw without penalty; taking no action can result in automatic renewal. Check the actual renewal term and rate, and keep confirmation of closure or transfer instructions. Do not assume an expired promotional term or original APY will repeat.

CD interest in a taxable account is generally taxable when paid or made available; leaving it in the account does not by itself postpone tax until maturity. Special timing rules can apply to longer-term instruments. See IRS interest-income guidance.

Are Marcus CDs FDIC insured?

Marcus deposits are held at Goldman Sachs Bank USA, Member FDIC. The standard coverage limit is $250,000 per depositor, per insured bank, per ownership category. Marcus savings, CDs and other deposits at the same bank in the same category aggregate; each new CD does not create a separate $250,000 allowance.

Allow room for interest and check any other deposits at the bank. A bank's permitted maximum account balance can exceed the amount insured for your particular ownership arrangement. Use FDIC's EDIE calculator for a coverage estimate.

Alternatives to Marcus CDs

• Another direct bank CD: Compare the same term, minimum and early-withdrawal terms across our CD bank reviews. A small APY difference may matter less than a maturity date that fits.
• A high-yield savings account: Consider this for emergency money or repeated partial withdrawals. Its variable rate can change, but it avoids locking all the money into a CD term. See our savings rates comparison.
• A CD ladder: Splitting funds across maturities can provide scheduled access while keeping some money committed. It adds accounts and dates to manage; our CD ladder guide explains the trade-off.

Marcus is a stronger fit when online service and its CD choices meet your needs. A local bank or credit union may fit better if in-person support is a priority.

Pros and Cons

Pros

• $500 minimum across the listed CD products.
• Fixed-rate, No-Penalty and Rate Bump choices.
• Conditional 10-day opening-rate protection.
• Online maturity instructions and a defined grace-period process.

Cons

• Early principal-withdrawal penalties on regular and Rate Bump CDs.
• No partial early principal withdrawals.
• Online service may not suit someone wanting branch help.
• Renewal terms and rates need attention; a rate increase on the Rate Bump product is not assured.

Crowd Work: What Real Users Are Saying

Product-specific discussions contain both smooth maturity experiences and complaints about closeout delays. They are self-selected accounts, not verified case findings or a measure of how often a problem happens.

The positives: managing maturity online

Several participants in a September 2026 discussion describe selecting a transfer to a Marcus savings account or a new term and seeing the instruction completed. A separate April 2026 discussion includes a No-Penalty CD user describing a completed early closure. These examples show why the maturity and exit tools matter to savers.

Common frustrations: confirming the closeout

Separate threads describe delays or disputed renewals despite a requested closeout. A sensible precaution is to save instructions, confirm the receiving account and check the actual distribution before the grace period ends. Plan a time buffer for money needed on a fixed date; forum reports do not establish a guaranteed transfer timetable or workaround.

Overall real-world takeaway

Set the maturity choice early and verify it happened. The access process deserves attention alongside the headline APY.

Sources & Research Methodology

We reviewed public posts and available indexed excerpts from September 2026 maturity experiences, an April 2026 No-Penalty discussion, a May 2025 closeout discussion and a July 2026 closeout report. We excluded referral promotions and generic brand complaints from the product assessment. Formal terms come from Marcus.

Frequently Asked Questions

What is the minimum deposit for a Marcus CD?

The listed Marcus CD products require $500 to open and earn the stated APY. Maximum account and aggregate owner deposit limits also apply.

Can I withdraw part of a No-Penalty CD?

No. You must withdraw the full balance, which closes the account. Withdrawal is permitted beginning seven days after funding.

What is the penalty on a 12-month High-Yield CD?

The current schedule is 90 days' interest on the original principal at the CD's interest rate for a term of one year or less. The account agreement controls applicable terms and exceptions.

Will the Rate Bump CD increase automatically?

No. The 20-month product allows one requested increase to an available higher rate for the same Rate Bump term, subject to eligibility. A higher rate may never become available.

Will my CD renew at its original APY?

Not necessarily. Check the CD Maturity Plan and the available renewal term and rate. The opening rate guarantee does not promise the original APY at a later renewal.