Marcus No-Penalty CD
Marcus pays 4.00% APY on its 11-month No-Penalty CD as of October 19, 2026, with a $500 minimum and no early withdrawal penalty: you can withdraw the full balance starting seven days after funding. CDs are held at Goldman Sachs Bank USA (FDIC cert #33124), which we confirmed is active.
Is the Marcus No-Penalty CD worth it?
The Marcus No-Penalty CD pays 4.00% APY on an 11-month term, per Marcus’s own No-Penalty CD page, APY as of October 19, 2026. Marcus also offers a 7-month No-Penalty CD at 3.75% and a 13-month No-Penalty CD at 3.80%.
There is no early withdrawal penalty. Starting seven days after the funding date, you can withdraw the full balance, including interest, at any time. You must take the full balance: partial withdrawals are not allowed. You need $500 to earn the stated APY, and maximum balance limits apply.
Marcus is a brand of Goldman Sachs Bank USA. We confirmed with the FDIC that it is an active insured institution (certificate #33124, New York, New York), with coverage up to $250,000 per depositor, per ownership category. The APY is fixed once the CD is funded, but rates for new CDs can change at any time. This is not financial advice.
How does a certificate of deposit (CD) work?
A certificate of deposit locks your money for a fixed term in exchange for a fixed rate. You agree not to touch the funds until maturity; withdrawing early usually triggers a penalty of several months' interest. When the term ends, many CDs auto-renew unless you move the money.
How much could you earn with the Marcus No-Penalty CD?
At a 4% APY, a $10,000 balance in the Marcus No-Penalty CD earns about $400 in interest over a year, before taxes. Double the balance and you roughly double the interest; your real return depends on how long the rate holds.
Estimate based on the figures on this page, not an offer. Your results will differ.
What are the pros and cons of the Marcus No-Penalty CD?
The Marcus No-Penalty CD stands out for 4.00% APY on the 11-month No-Penalty CD, per Marcus (10/19/2026), though you must withdraw the full balance; no partial withdrawals.
- 4.00% APY on the 11-month No-Penalty CD, per Marcus (10/19/2026)
- $0 early withdrawal penalty from seven days after funding
- 7- and 13-month terms also available
- You must withdraw the full balance; no partial withdrawals
- $500 minimum to earn the stated APY
- Pays less than the best 1-year term CDs
Who should get the Marcus No-Penalty CD?
The Marcus No-Penalty CD is best for savers who want a fixed rate but might need the money early.
- Savers who want a fixed rate but might need the money early
- Emergency funds you would rather not lock up
- Anyone with at least $500
How does the Marcus No-Penalty CD compare?
Among the 13 certificates of deposit (cds) we track, the Marcus No-Penalty CD ranks #6 with a Money 8020 score of 94/100.
| Product | Score | Tier | Provider |
|---|---|---|---|
| Bread Savings CD | 99 | Essential | Bread Savings (Comenity Capital Bank) |
| American Express CD | 97 | Essential | American Express National Bank |
| Capital One 360 1-Year CD | 97 | Essential | Capital One |
| Marcus by Goldman Sachs High-Yield CD | 96 | Essential | Marcus by Goldman Sachs |
| Synchrony Bank CD | 96 | Essential | Synchrony Bank |
See all certificates of deposit (cds), ranked →
Common mistakes to avoid with a certificate of deposit (CD)
- Locking up money you might need before maturity and eating an early-withdrawal penalty.
- Letting the CD auto-renew into a lower rate instead of shopping at maturity.
- Picking the longest term for a slightly higher rate when a shorter ladder gives more flexibility.
- Ignoring the minimum deposit required to open the term you want.
Key takeaways
- Marcus No-Penalty CD earns a Money 8020 score of 94/100, ranking #6 of 13 certificates of deposit (cds).
- 4.00% APY on the 11-month No-Penalty CD, per Marcus (10/19/2026)
- At a 4% APY, a $10,000 balance in the Marcus No-Penalty CD earns about $400 in interest over a year, before taxes.
- Best for savers who want a fixed rate but might need the money early.
- Rate and FDIC/NCUA insurance status fetched from Marcus by Goldman Sachs and corroborated against a regulator.
Frequently asked questions about the Marcus No-Penalty CD
How does the Marcus No-Penalty CD work?
Per Marcus on October 19, 2026, the No-Penalty CD has a $0 early withdrawal penalty. You can withdraw your full balance, including interest, starting seven days after the funding date, but you must withdraw the full balance. The 11-month term pays 4.00% APY, 7 months pays 3.75% and 13 months pays 3.80%, with a $500 minimum. This is not financial advice.
Is the Marcus No-Penalty CD FDIC insured?
Yes. Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA, which we confirmed with the FDIC is an active insured institution (certificate #33124, New York, New York). Coverage is up to $250,000 per depositor, per insured bank, per ownership category.
What happens if I withdraw from the Marcus No-Penalty CD early?
Most CDs charge an early-withdrawal penalty, commonly several months' interest, if you take the money out before maturity. Only commit funds you won't need during the term.
Does the Marcus No-Penalty CD renew automatically?
Many CDs auto-renew at maturity into a new term at the then-current rate unless you withdraw or change it during a short grace period. Confirm the renewal terms with the provider.
Sources
We fetched these figures from the provider and corroborated them against a regulator, last checked October 19, 2026. Primary sources: