Rate Bump CD: Your upgrade to a higher rate
Introducing the Rate Bump CD. Lock in a competitive rate today and you could score an upgrade if rates go up.
- If we raise the rate offered for your term, you can switch to the higher rate one time during your term. ⓘ
- You'll earn the higher rate until the end of your term.
- If you choose to raise your rate, there’s no change fee and no penalty.
- $500 minimum to open.
All loans and savings deposit products provided by Goldman Sachs Bank USA, Salt Lake City Branch.
All loans and savings deposit products provided by Goldman Sachs Bank USA, Salt Lake City Branch.
20-Month Rate Bump CD
Annual Percentage Yield
Annual Percentage Yield (APY) as of April 27, 2024. APY may change at any time before Rate Bump CD is opened and funded. Penalties that may reduce Rate Bump CD earnings will apply to a withdrawal of principal prior to maturity. $500 minimum to open a Rate Bump CD and earn stated APY. Maximum balance limits apply.
See the Rate Bump CD in Action
Open and fund
It's pretty simple. You open a Rate Bump CD and lock in your rate (just like a traditional CD).
Upgrade to a higher rate
Later, if Marcus raises the rate we offer for the same term, instead of missing out on higher earnings, you have the option to change to the higher rate one time during your term.
Earn more until maturity
Your rate increase will take effect the same day...and won't change. No matter what.
Rate Bump Requests received by 6 pm ET, will be processed no later than the next day. Rate Bump Requests received after 6 pm ET may take up to two days to process.
Prior to maturity, you may request a one-time rate increase to the highest APY and interest rate we offer for the same Rate Bump CD term as of the day of your request. Rate increase requests received by 6 pm ET, will be processed no later than the next day. Rate increase requests received after 6 pm ET may take up to two days to process. The 10-Day CD Rate Guarantee does not apply to rate increases for your Rate Bump CD.
Why open a Rate Bump CD?
Get a fixed rate and a guaranteed return like a traditional CD, with the option to take advantage if the rate for your term goes up later.
Why open a Rate Bump CD?
Get a fixed rate and a guaranteed return like a traditional CD, with the option to take advantage if the rate for your term goes up later.
Get to know the Rate Bump CD
Our Rate Bump CD could give you the power to take your rate even higher.
3 min read