Do you want to know all the features of the Marcus by Goldman Sachs CD? Alfredo Barandiarán analyzes for Responsible Economy the offer of CD from Marcus by Goldman Sachs. You also have a comparison with the best certificates of deposit in the United States in 2023.
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 CDs 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:
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Updated the day 4 February, 2023 by Alfredo Barandiarán
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