Do you want to know all the features of the Marcus by Goldman Sachs CD? From Responsible Economy we show you all the features: fees, interest rate, requirements and everything you need to know. You also have a video and a comparison with the best certificates of deposit in 2023. Welcome!
Explicative video
We have made a video in which we explain in a very simple way all the features of the Marcus by Goldman Sachs certificate of deposit. If you want to support us you can subscribe and thus also receive daily information:
Features
In this section you have all the characteristics of the Marcus by Goldman Sach certificates of deposit:
Fees
It has no monthly commissions. You can open the Marcus by Goldman Sachs CD without paying anything.
Yield
The interest rate that you can get with this certificate of deposit varies according to the term you contract. The maximum interest rate is 4.75% in 18 months. This interest rate is one of the highest yields you can get in the United States. We have made a table with the different terms and interest rates:
- 6 months: 3,75% APY
- 9 months: 3,95% APY
- 12 months: 4,40% APY
- 18 months: 4,75% APY
- 24 months: 4,35% APY
- 36 months: 4,00% APY
- 48 months: 4,00% APY
- 60 months: 3,80% APY
- 72 months: 3,70% APY
Minimum deposit
To open this deposit you need to deposit at least 500 dollars. It is a very low amount, although there are also other deposits with no minimum amount.
Terms
As you have seen previously, you can open this deposit with a minimum term of 6 months and a maximum of 6 years.
Comparison with the best CDs en 2023
We have made a comparison with the best certificates of deposit you can open in 2023:
- 5% APY
- Minimum deposit: $0
- Term: 11 months
- Member FDIC
- 4,40% APY
- Minimum deposit: $5000
- Term: 12 months
- Member FDIC
- 4,65% APY
- Minimum deposit: $1000
- Term: 13 months
- Member FDIC
- 4,60% APY
- Minimum deposit: $0
- Term: 14 months
- Member FDIC
- 4,60% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC
- 4,55% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC
- 4,50% APY
- Minimum deposit: $0
- Term: 12 months
- Member FDIC
- 4,50% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC
Requirements
The requirements to open Goldman Sachs CDs are as follows:
- Must be over 18 years old.
- Live in the United States
- Deposit $500 at deposit open
Cons
Here is a list with all the advantages:
- It has no commissions
- Just open the CD with $500
- Very high interest rates
- Terms from 6 months to 6 years
Cons
The only downside to the Marcus by Goldman Sachs CD is that there are banks that offer higher yields.
Frequent questions
Now we answer all the questions you may have:
Other Marcus by Goldman Sachs products
Marcus by Goldman Sachs savings account offers a very high interest rate.
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Updated the day 12 May, 2023 by Alfredo Barandiarán
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