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
  • US-based Contact Center: We’re here to help 7 days a week

8-Month No-Penalty CD for AARP Members


Minimum deposit


Early withdrawal penalty


No-Penalty CD Calculator: Calculate Your Savings

Keep your money growing and your options open 

That's it. No gimmick. No hidden fees. No questions asked.

Lock in a great rate for a guaranteed rate of 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.
  • US-based Contact Center is open 7 days/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

Step 1

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. 

Step 2

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.  

Step 3

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.

Marcus by Goldman Sachs (“Marcus”) is a third-party that offers financial products to consumers. Marcus pays royalty fees to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. Marcus loans and deposit products are provided by Goldman Sachs Bank USA, Member FDIC. 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.