Marcus by Goldman Sachs® Introduces a No-Penalty Certificate of Deposit
November 14 2018 - 9:00AM
Business Wire
No-Penalty CDs, Including a 13 Month Term
Offering 2.15% APY,
Joins a Growing Suite of Marcus Savings
Products
Marcus by Goldman Sachs® is now offering a No-Penalty
Certificate of Deposit (CD), allowing consumers to earn a high rate
with the freedom to withdraw their full balance beginning 7 days
after account opening without any penalty. Marcus’ No-Penalty CD is
the latest savings offering from Marcus, joining its high-yield
Online Savings Account offering an annual percentage yield (APY) of
2.05% and traditional high-yield certificates of deposit. Marcus’
No-Penalty CD comes with no fees and no penalty for early
withdrawal.
“We introduced a No-Penalty CD because while we know many
consumers may want to take advantage of a CD, life moments can
happen that force them to withdraw their funds early, which can
result in penalties,” said Marcos Rosenberg, Head of US Deposits
for Marcus by Goldman Sachs. “We wanted to provide our customers
the opportunity to use a great savings product with the flexibility
to withdraw their funds should something come up.”
Marcus’ No-Penalty CD comes in 7, 11 and 13-month terms with a
minimum deposit of $500, a fixed rate with guaranteed returns and
no penalty to withdraw the full balance beginning 7 days after
account opening. Open a 13 month No-Penalty CD today at a fixed APY
of 2.15% with a guaranteed return.
For more information or to open an account please visit:
https://www.marcus.com/us/en/savings/no-penalty-cds.
About Marcus by Goldman Sachs®
Marcus by Goldman Sachs® offers products and tools designed to
help people achieve financial well-being. Marcus offers a
high-yield Online Savings Account and certificates of deposit in a
variety of terms and no-fee, fixed-rate unsecured personal loans,
including home improvement loans. All Marcus loans and savings
products are provided by Goldman Sachs Bank USA, Member FDIC, and
benefit from Goldman Sachs and its 149-year history of financial
expertise, risk management and customer service. For more
information please visit www.marcus.com.
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Media:Goldman SachsAndrew Williams, 212-902-5400orZeno
GroupCathleen Koo, 212-299-8984
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