No-Penalty CD Calculator

A Marcus no-penalty CD is a certificate of deposit with flexibility built in. With a Marcus No-Penalty CD, you can withdraw your full balance, penalty-free, beginning seven days after the day the CD was funded – you don’t have to wait for the term to end.

We compound interest daily and you’ll see it credited it to your No-Penalty CD Certificate of Deposit (NPCD) monthly.  The more frequently interest is compounded, the more interest you earn.

Annual Percentage Yield – aka APY – is how much interest you can expect to earn in a year if you leave your money right in your account (i.e., no withdrawals).  

They’re similar but different. Both have high-yield, fixed rates, which means you can get a guaranteed return. And with both, you can withdraw interest earned on a monthly basis. A difference: No-Penalty CDs allows you to withdraw your balance, penalty-free,  beginning seven days after funding.

You can withdraw the entire balance plus all interest earned beginning seven days after your No-Penalty CD is funded. If you withdraw your funds, the account will be closed.

Note: partial withdrawals of principal are not allowed.

Yes. Marcus deposit products are provided by Goldman Sachs Bank USA. Goldman Sachs Bank USA is an FDIC member, which means that funds deposited in Marcus savings accounts are insured up to the maximum allowed by law.