Banks and credit unions are battling it out for deposits...\r\nSee More\r\n\r\n
Banks and credit unions are battling it out for deposits. Competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit (CDs). We track daily rates from thousands of institutions to help you compare the best CD rates and find the best deal on your next CD. This table compares CDs of all maturities, making it easy to find the highest CD rate regardless of term. The highest rate CD often doesn’t have the longest term.\r\n See Less\r\n
Banks and credit unions are battling it out for deposits. Competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit (CDs). We track daily rates from thousands of institutions to help you compare the best CD rates and find the best deal on your next CD. This table compares CDs of all maturities, making it easy to find the highest CD rate regardless of term. The highest rate CD often doesn’t have the longest term.\r\n
Compare rates on 6 month CDs from banks and credit unions. Use the filter box below to customize your results. Click here to read more about features and tips related to 6-month CDs.\r\n","StateBlurb":"Compare 6 month certificate of deposit rates in [state]. Rates on CD products can vary greatly between banks. That is why we check both national and local banks every day to provide you with a wide selection of CD rates available in [state]. If we have missed a local bank in your area please contact us and let us know by using the email link below.","Active":true,"MinAmount":2000.0000,"MaxAmount":999999999.0000,"MinTerm":136,"MaxTerm":274,"AdditionalProducts":"1","Tags":"-youth,-club,-misc,-business,-relationship,-health","PageTitle":"6 Month CD Rates | [date] | Compare 6 Month Certificates of Deposit","StatePageTitle":"[state] 6 Month Certificate of Deposit Rates","DefaultAmount":25000.0000,"Meta":"Compare 6 month CD rates for thousands of banks and credit unions in the U.S. to find the best 6 month certificates of deposit available.","StateMeta":"","Article":"","ShortName":"6-month CD","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/cd/6-month-cd-rates.html","TagArray":,"NegativeTagArray":["youth","club","misc","business","relationship","health"]},"Ad":null,"NationalRate":3.0554,"Score":500.0}];
In December 2017, Goldman Sachs Bank USA re-branded to Marcus by Goldman Sachs - Goldman Sachs Bank USA. Marcus is the name the company had been using exclusively for their online lending business. The deposit offerings renamed the same, but Goldman rolled out a new and improved mobile experience with the new brand.
As of 2008, Goldman Sachs Bank USA, a DepositAccounts.com advertiser, is a commercial bank regulated by the Federal Reserve Board and insured by the Federal Deposit Insurance Corporation (FDIC). Thanks to its transition from an investment bank to a commercial bank, Marcus offers deposit products to both individuals and institutions, including interest-bearing online savings accounts and Certificates of Deposit (CDs). Their online savings accounts feature no minimum initial deposits to open. Their CDs feature relatively low initial deposit requirements, as well as customizable monthly interest disbursements. That is, although interest will automatically be added to the principal of the CD, customers can choose to transfer the interest to their Marcus savings account, or to an external bank account. Customers can also withdraw their interest penalty-free at any time. CD terms range from 6 months to 6 years.
All of Marcus’s deposit accounts feature convenient access to online banking, banking by phone, bank transfers, and wire transfers. Although they are an internet-only bank, funds can also be deposited via mailed checks..
Marcus by Goldman Sachs - Goldman Sachs Bank USA was established in 1990 as The Goldman Sachs Trust Company. The bank is owned by the Goldman Sachs Group, Inc., a multinational firm founded in 1869 and headquartered in New York, NY.
One of the few online banks that starts paying interest on the day (i.e. business day) that you enter a deposit and also transfers money out in one business day. Many of the other online banks hold your money 2-4 business days before paying you interest for a deposit or before actually sending out the money. The other online banks don't allow beneficiaries on your account and/or they don't allow multiple accounts linked together (like saving envelopes). Lastly Marcus has 24 hour customer support which many don't.
You may see some reviews complaining about their accounts being locked. Here's what's happening due to Marcus' anti-money laundering controls and how to avoid the locks since it happened to me:
1. Don't transfer all of your money from another bank to Marcus and immediately close that bank account, because they have to verify with the other bank that you are the owner of the account. Keep that account open even with a small amount. If you don't, they will need to make a 3 way call to your old bank with you on the line to confirm.
2. When you transfer money to Marcus from another bank, you cannot transfer that money to another outside bank for 90 days. So which ever bank you transferred the money "from" can only be the bank you can transfer "to" for 90 days.
3. So keep one outside "funnel" account so that all transfers go in and out of Marcus. I hope this helps.
When you sign up they will send you a link to offer to your friends or strangers to get an extra 1% interest for 3 months. If your friends or strangers sign up, you will also get an extra 1% interest for 3 months up to 5 times. That's how I earned the extra 1% when I signed up using one of these reviews. If you want to earn the extra 1% interest for 3 months now, just copy and go to the referral link below and we both win.
I agree that some of the criticisms are not justified. You don’t need a checking account. Marcus is a place to park money not perform your daily banking. You can link your account to an outside checking account if desired. The only major issue I have is the trouble with the app and website on my iPhone. Online banks need to realize they as much a tech company as a bank. Don’t tell your customers to “clear your cache” and other trite solutions that don’t work. Test your website and apps after every minor upgrade.
Failed to wire money and failed to close an account after conformation.
Customer service has little knowledge of banking and process, nor how their own website works.
I am closing all my Marcus accounts and moving on. Plenty of banks with better interest rates.
|FDIC Certificate #||33124|
|Return on Assets - YTD||1.15%|
|Return on Equity - YTD||11.41%|
|Annual Interest Income||$13.84B|
|Assets and Liabilities|
|Assets||Q2 2023vs Q2 2022||$517.1B$501.9B|
|Loans||Q2 2023vs Q2 2022||$157.2B$154.6B|
|Deposits||Q2 2023vs Q2 2022||$365.7B$348.8B|
|Equity Capital||Q2 2023vs Q2 2022||$51.58B$44.50B|
|Loan Loss Allowance||Q2 2023vs Q2 2022||$4.16B$3.39B|
|Unbacked Noncurrent Loans||Q2 2023vs Q2 2022||$2.64B$1.13B|
|Real Estate Owned||Q2 2023vs Q2 2022||$0$0|
Always verify rates and promotions with the bank or credit union. We are not Marcus by Goldman Sachs; we are a rate comparison website and cannot provide official rates or promotions.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|4.40%||-||$1m||Online Savings Account|
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|5.30%||$500||$1m||High-yield 12 Month CD|
|5.25%||$500||$1m||High-yield 18 Month CD|
|5.15%||$500||$1m||High-yield 9 Month CD|
|5.10%||$500||$1m||High-yield 6 Month CD|
|4.85%||$500||$1m||High-yield 24 Month CD|
|4.60%||$500||$1m||13 Month No-Penalty CD|
|4.50%||$500||$1m||20 Month Rate Bump CD|
|4.40%||$500||$1m||High-yield 3 Year CD|
|4.20%||$500||$1m||High-yield 4 Year CD|
|4.10%||$500||$1m||High-yield 5 Year CD|
|4.00%||$500||$1m||High-yield 6 Year CD|
|0.45%||$500||$1m||7 Month No-Penalty CD|
|0.35%||$500||$1m||11 Month No-Penalty CD|
Marcus by Goldman Sachs is an Internet only bank and does not have branch locations. Its headquarters is located at 200 West Street - New York, NY 10282