See how Marcus products can help you make the most of your money

See how Marcus products can help you make the most of your money

Online Savings Account

12-Month CD

7-Month No-Penalty CD

Online Savings Account

Annual Percentage Yield

0.60%

A high-yield, variable-rate account that allows you to add funds as often as you'd like.

12-Month CD

Annual Percentage Yield

0.85%

A high-yield, fixed-rate account where your money grows and earns a guaranteed return. Balance stays in the CD for a set amount of time. 

7-Month No-Penalty CD

Annual Percentage Yield

0.75%

A high-yield, fixed-rate account where your money grows and earns a guaranteed return. Includes the freedom to withdraw, in full, beginning 7 days after funding.

Annual Percentage Yields (APY) as of September 30, 2020. APY may change at any time before or after the account is opened. Maximum balance limits apply.

Annual Percentage Yields (APY) as of September 30, 2020. APY may change at any time before CD is opened and funded. Penalties that may reduce CD earnings will apply to a withdrawal of principal prior to maturity. $500 minimum to open a CD and earn stated APY. Maximum balance limits apply.

Annual Percentage Yields (APY) as of September 30, 2020. APY may change at any time before a No-Penalty CD is opened and funded. Withdrawals permitted beginning seven days after the funding date. $500 minimum to earn stated APY for No-Penalty CD. Maximum balance limits apply.

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

Combine products to reach your financial goals

Different savings accounts offer different benefits. See how they could work together and help you turn financial plans into financial achievements.

Saving for a major purchase

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Saving for when opportunity knocks

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Saving to relax and earn

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Saving for a major purchase

Online Savings Account as a launchpad for new goals

A great rate — and not having to pay fees — can help the money you’ve already saved earn interest while you save up for your goal.
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Certificate of Deposit for a major purchase

When you have money that can sit back and earn interest for a set amount of time, a fixed-rate CD could be a good way to turn time into money. Choose a term from 6 months to 6 years, depending on your goals.
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How is Plan-for-Everything Pete saving for his down payment?

Pete plans. One of his goals is to save money in an account he can add to on regular basis and earn a high-yield rate, so he direct-deposits part of his paycheck into an Online Savings Account.

But this is just one of Pete’s plans. He put money he saved for a home into a fixed-rate CD, where he can lock in a competitive rate. He can use his money to buy his home once the CD matures. If he wants to wait a little longer (and let his savings grow a little more), he can also go online, add some money, and put these funds into a new CD.

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See how much you could save with a Certificate of Deposit

Saving for when opportunity knocks

Online Savings Account for building everyday savings

It’s easy to start saving and earn interest at a high-yield rate.  The freedom to add funds throughout the year makes it simple to grow your savings. Easy withdrawals keep your cash in reach. Learn more

No-Penalty CD to save with flexibility

When you can set money aside, a fixed-rate No-Penalty CD has benefits: Your money earns interest at a fixed rate for a guaranteed return, and you can remove all of the funds — without paying a fee — beginning 7 days after funding. Learn more

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

How is Multi-Tasking Mary saving and keeping her options open?

Mary is building her everyday savings by direct-depositing part of her paycheck into her high-yield Online Savings Account. She can make an unlimited number of withdrawals every month, which gives her freedom and flexibility.

She also put money she’s saved in a No-Penalty CD with a rate that's locked in and will not change for the length of the term. The fixed rate helps protect her against interest rate fluctuations. If a new opportunity or unexpected expense pops up, Mary knows she can withdraw all of the money, including the interest she’s earned, beginning 7 days after funding.

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See how much you could save with a No-Penalty CD

Saving to relax and earn

CD Ladder for rolling income

Funding several CDs at once and choosing terms that will mature on a staggered basis is called laddering. With this structure, you could benefit from CDs that have fixed rates. It could also provide the freedom to pivot: when each CD matures, you have the opportunity to assess your current spending needs and changing rates. Learn more

How will financial duo Devon and Amalia keep their money busy after they’ve retired?

Devon and Amalia have been saving up for some time and are making plans for their retirement income. Their plan includes CD ladders to keep their money growing, in addition to drawing income from their investments and retirement accounts. Their CD ladders have a few benefits:

  • There’s the confidence that rates for their CDs won’t change once they have been funded. This can provide some insulation from the ups and downs of variable rates. And, as long as the funds stay put throughout each CD’s term they’re guaranteed a return.
  • Because their ladder mixes shorter- and longer-term CDs, they don’t have to choose between benefitting from fixed rates and access to funds — they have both.
  • The funds become available on a rolling basis as each one matures,  providing predictable, supplemental income during retirement. 

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See how much you could save with Certificates of Deposit