8-Month No-Penalty CD for AARP members.
Lock in a fixed rate with this No-Penalty CD with an 8-month term, available exclusively for AARP members. You get the power to earn a competitive fixed rate, plus the flexibility to withdraw your full balance if you need it, beginning 7 days after funding. Click here for FAQs.
The Marcus by Goldman Sachs high-yield No-Penalty CD features:
- Open and enroll online or by phone
- No fees and no early withdrawal penalty
- Easy transfers to/from other banks
- Deposits are FDIC insured and backed by the financial expertise of Goldman Sachs
- Contact Center available 7 days a week
8-Month No-Penalty CD for AARP Members
Minimum deposit
Early withdrawal penalty
Annual Percentage Yield (APY) as of December 06, 2022. Maximum balance limits apply. APY may change before a No-Penalty CD is opened and funded. Withdrawals permitted starting seven days after the funding date. $500 minimum to earn stated APY for No-Penalty CD.
No-Penalty CD Calculator: Calculate Your Savings
Keep your money growing and your options open
Lock in a fixed rate for a guaranteed return
Withdraw balance with no penalty, beginning 7 days after funding. Keep all the interest you earned.
Link your external bank accounts for transfers and manage your account in our CD Maturity Center
Guaranteed return assumes funds are held through the end of the term.
Why save with Marcus?
- Competitive rates.
- Contact Center available 7 days a week. We're here to help if you need us.
- Save with confidence. Marcus is backed by the financial expertise of Goldman Sachs.
How to open your 8-month No-Penalty CD for AARP members
It's easy to open an account here or call Marcus at 1-833-956-2277
Click Open an Account to get started or log in
The 8-month No-Penalty CD is available for AARP members when you open an account on this page.
Enter your information in our secure form
Including your name, address, date of birth and Social Security Number. Your AARP Membership Number is required to open the No-Penalty CD for AARP members. Visit our Security Center to learn about how we keep your information secure.
Start earning
Your 8-month No-Penalty CD will earn a high-yield, fixed rate for a guaranteed return.
Guaranteed return assumes funds are held through the end of the term.
Learn more about the 8-month No-Penalty CD for AARP members
How do I qualify?
You must be an active AARP member and must share your AARP Membership number at the time you open the account at marcus.com/us/en/savings/aarp-npcd or by calling Marcus at 833-956-2277. The 8-month No-Penalty CD is only available for AARP members.
Can I make a partial withdrawal from my No-Penalty CD?
No. Partial withdrawals are not permitted from a No-Penalty CD. You may withdraw your full account balance beginning seven days after funding.
Can I add additional funds to a No-Penalty CD once it’s been opened?
Once the balance of your No-Penalty CD reaches at least $500, you may not make additional deposits.
What is the difference between an Online Savings Account and a No-Penalty CD?
A No-Penalty CD is a certificate of deposit that includes a bit of freedom. You can withdraw your balance anytime beginning seven days after the day the CD was funded – you don’t have to wait for the term to end. Your interest rate is fixed and will not change during the term of the CD. A high-yield Online Savings Account earns a competitive rate and has no fees. The rate is variable and can change at any time.
Neither AARP nor its affiliates are a bank. AARP commercial member benefits are provided by third parties, not by AARP or its affiliates. Marcus by Goldman Sachs (“Marcus”) offers financial products to consumers. Marcus loans and deposit products are provided by Goldman Sachs Bank USA, Member FDIC. Marcus pays royalty fees to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. Not all applicants will qualify for all Marcus products. Terms are subject to change and may have restrictions and limitations. Approval and eligibility criteria is determined solely by Marcus by Goldman Sachs. Please contact Marcus directly for questions relating to Marcus products.