Marcus No-Penalty CD. Lock in a great rate and keep your options open.

Get a guaranteed return and have access to your funds if the unexpected happens. The fixed-rate Marcus No-Penalty CD is backed by the financial expertise of Goldman Sachs and comes with flexibility: you can withdraw your full balance (including all the interest you’ve earned) anytime beginning 7 days after funding – without penalty.

No-Penalty CD At-A-Glance

  • $500 minimum balance
  • 10-Day CD Rate Guarantee
  • Ability to withdraw full balance beginning 7 days after funding – no early withdrawal penalty
  • US-based Contact Center open 7 days/week
  • FDIC insured

Guaranteed return assumes funds are held through end of the term.

13-month No-Penalty CD


Minimum deposit


Early withdrawal penalty


How to open an account

It only takes a few minutes to start saving for your future.

Click Open an Account

Choose your term and enter information such as name, address, date of birth and social security number.

Transfer funds

Link an external account to transfer funds. The minimum deposit is just $500.

Withdraw when you want

Withdraw your full balance and interest – penalty-free – any time beginning 7 days after funding.


Have questions? We have answers.

Select a question to learn more.

It’s simple: Lock in a high-yield (just like a traditional CD) with the option to withdraw your balance – including all the interest you earned – anytime beginning 7 days after funding (sort of like a savings account). There’s no gimmick. No hidden fees. And no questions asked.

We’ve got your back with our 10-Day CD Rate Guarantee! Open a CD and deposit at least $500 within the first 10 days and you’ll get our 10-Day CD Rate Guarantee. That means, if the rate on your selected CD term goes up during this time, you’ll get the higher rate. If the rate goes down in that same period, you’ll stay locked in to your original rate.

We’ll send you a Maturity Notice before your CD’s maturity date. You’ll have a 10-day grace period during which you may withdraw principal without penalty or renew your CD with the same term. You may also close your CD and open a new one with a different term. If you don’t contact us by the end of the 10-day grace period, your CD will automatically renew for another term.

Yes. Marcus savings accounts are provided by Goldman Sachs Bank USA, which is an FDIC member. Funds deposited in a Marcus No-Penalty CD are insured up to the maximum allowed by law.

You can schedule a deposit by ACH transfer from a linked external account, by wire transfer or by mailing a check. All these options are free.

The interest you earn on your No-Penalty CD will be added to the principal balance of your CD. And you have more options: You can withdraw penalty-free any interest credited to your account at any time during the term of the No-Penalty CD. Or, choose to set up an automatic transfer of the monthly interest earned to your Marcus Online Savings Account or to a linked account at another bank.

Have questions? We have answers.

Select a question to learn more.

    How does the No-Penalty CD work?

    What if the interest rate changes after I open my No-Penalty CD?

    What happens when my No-Penalty CD matures?

    Is the No-Penalty CD insured by the FDIC?

    How can I fund my No-Penalty CD?

    What are my options for interest disbursements?

Looking for high-yield Online Savings Accounts?

With a high rate, no minimum to open and no maintenance fees, creating your safety net won't be a stretch.

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Savings Specialists are available Monday to Friday from 8 am – 10 pm E.T. and Saturday to Sunday from 9 am – 7 pm E.T.