High-Yield Certificates of Deposit

A Marcus High-Yield CD is a type of deposit account that, depending on the term, usually offers a higher Annual Percentage Yield (APY) than a traditional savings account. A High-Yield CD also usually offers a higher interest rate in comparison to other traditional CD accounts.

When opening a High-Yield CD, you choose a CD term, which is how long you are required to keep your money in the account. The CD earns interest over time while it matures and you’ll be able to withdraw your money along with all the interest you’ve earned at the maturity date.

A Marcus High-Yield CD Account comes with competitive rates and a variety of terms.

A Marcus High-Yield CD account takes just minutes to open online. To start, choose a CD term, enter your information and link your external accounts to transfer your funds.

With our 10 day CD rate Guarantee, as long as your CD account reaches the $500 minimum deposit within 10 days of opening, if the rate on your selected CD term goes up during this time, you'll get that higher rate.

Savings help is available over the phone 24 hours a day / 7 days a week. 

The money in your High-Yield CD compounds daily. This means, every day your balance is earning interest. The interest you’ve earned is added to your principal balance of your CD monthly and this repeats each month.

You can view the various Marcus specific CD rates and terms here.

Our CD calculator can help you find out how much interest you could earn with a Marcus High-Yield CD account. Just enter the amount of your initial deposit and the term length of the CD. Our CD calculator is designed with transparency in mind to help you achieve your financial goals.

Ultimately, the best CD account is the one that’s right for you. Here are some things to consider when choosing a CD account: 

• Is the account FDIC insured?
• What terms are available?
• How frequently is interest compounded?
• What is the minimum balance or minimum opening deposit?
• How is the customer service and support availability?

Before your CD matures, we'll send you a maturity notice via email or mail. The notice will tell you the maturity date and the rate on your High-Yield CD if you choose to renew. You can withdraw the money or roll it over to a different CD when your CD matures. Or, if you don't do anything, the default action is typically that the CD will roll over for the same term. 

At Marcus, our online CD Maturity Center is available for you to specify what you’d like to happen when your CD matures.  You’re in the driver’s seat.

 Your choices are:

• Let the CD automatically renew for a new term. (This is the default setting when you open a CD)
• Renew the CD with an increased or decreased principal balance, or at a different term, or both
• Close the CD and withdraw the balance including the interest you’ve earned

With a Marcus CD, you’re allowed to change the plan for your CD as often as you like until 8:30 pm ET the day before your maturity date. For more information, visit our CD FAQs.

For more information about Marcus' early withdrawal penalties, review our CD FAQs.

Check out our CD guide for an in-depth resource on what is a CD, the different types of CDs and how they differ from savings accounts.