Marcus compounds interest daily and credits interest to your account(s) monthly. If you choose to renew an account, it will renew at the current rate. Plus, if you fund your CD with at least $500 within the first 10 days of account opening, you can receive the highest rate possible for that account. These rates are locked in from the moment you open the account until its maturity date.
However, the interest rates on terms of a year or more are competitive with other high-yield banks’ ranks. These certificate of deposit interest rates at Marcus by Goldman Sachs start relatively low with its six-month term.
