APY
3.90%
Quick take: Marcus 1-Year CD pays 3.90% APY (marcus.com, as of September 26, 2026), below Marcus's own 9-month (4.30%) and 18-month-to-6-year terms (4.35%). $500 minimum, FDIC-insured, 270 days simple-interest early withdrawal penalty. If the money can sit five years, A-rated 5-year MYGAs were paying about 5.50-6.05% on October 14, 2026 (public carrier rate sheets), tax-deferred.
The 1-year CD highlighted on this page is one of several terms Marcus offers. Here's the full ladder so you can compare:
| Term | APY |
|---|---|
| 6-Month | 3.95% |
| 9-Month | 4.30% |
| 1-Year (this page) | 3.90% |
| 18-Month | 4.35% |
| 2-Year | 4.35% |
| 3-Year | 4.35% |
| 4-Year | 4.35% |
| 5-Year | 4.35% |
| 6-Year | 4.35% |
APYs as printed on marcus.com as of September 26, 2026 (Online Savings as of September 24, 2026). Confirm the rate on the Marcus site before funding.
At the 1-year term, this is how the CD compares with the most-shopped competitors:
| Bank | 1-Year APY |
|---|---|
| Marcus (9/26/2026) | 3.90% |
| Ally Bank (9/24/2026) | 4.15% |
| Synchrony (9/24/2026) | 4.10% |
| Capital One 360 (9/24/2026) | 4.00% |
For a broader view of top 1-year rates across 30+ banks and credit unions, see Best 5-Year CD Rates 2026.
A Multi-Year Guaranteed Annuity (MYGA) is the insurance-industry equivalent of a CD: lock a fixed rate for a fixed term, principal-protected. Short 1-year MYGAs are uncommon; the comparison that matters is five years, where A-rated 5-year MYGAs were paying about 5.50-6.05% on October 14, 2026 (public carrier rate sheets), versus 4.35% on Marcus's 5-year CD.
Math at $250,000 over 5 years (using simple annual compounding):
MYGAs also defer tax on interest until withdrawal, CDs are taxed annually as ordinary income whether you touch the interest or not. The trade-off: MYGAs have a fixed surrender schedule (usually with 10%/yr free withdrawal); CDs have shorter penalty periods. For taxable retirement money you don't plan to touch, the MYGA almost always wins. See CD vs MYGA Comparison for the full breakdown.
Short answer: lock in at least a portion now. Marcus currently pays more on 18-month to 6-year terms (4.35%) than on its 1-year (3.90%), and the Fed raised its target range to 3.75-4.00% on September 16, 2026. If you wait for "better" rates, you risk reinvesting at lower rates 6-12 months from now.
Practical move: ladder. Put 1/3 in a 1-year CD or MYGA, 1/3 in a 3-year, and 1/3 in a 5-year. You capture today's still-elevated rates on the long end while keeping liquidity rolling.
As of September 26, 2026, marcus.com lists the Marcus by Goldman Sachs 1-Year (12-month) High-Yield CD at 3.90% APY. Rates change frequently, confirm on the Marcus website before opening.
Yes. Marcus by Goldman Sachs is FDIC-insured up to $250,000 per depositor, per ownership category. Couples with joint accounts get $500,000 of coverage.
$500. If you have more to deposit, FDIC coverage caps at $250,000 per depositor per bank, split large balances across multiple institutions if needed.
270 days simple interest. Withdraw before maturity and the penalty is deducted from your interest (or principal if interest isn't enough). Plan your maturity date carefully.
No, like most traditional CDs, this is a single-deposit account. To add funds, you must open a new CD at the rate available at that time.
Marcus typically gives you a 10-day grace period to withdraw, change terms, or accept auto-renewal at the current posted rate. Set a calendar reminder, auto-renewal often locks you in at a worse rate.
For money that can stay put five years, A-rated 5-year MYGAs were paying about 5.50-6.05% on October 14, 2026 (public carrier rate sheets), meaningfully above Marcus's 4.35% 5-year CD. MYGA interest is tax-deferred (CDs are taxed annually). Trade-off: MYGAs have surrender schedules; CDs have shorter penalty periods. For taxable retirement money, the MYGA usually wins. See CD vs MYGA Comparison.
This review reflects publicly posted bank rates; the rate table at the top was checked on marcus.com in late September 2026. CD rates change frequently, confirm current rates directly with Marcus by Goldman Sachs before opening an account. This article is general information for educational purposes; it is not a personalized recommendation, solicitation, or offer of any specific banking or insurance product. Marcus by Goldman Sachs is FDIC- or NCUA-insured to the limits stated; coverage is per depositor, per ownership category. Hans Goldstein is an independent licensed insurance producer (NPN 20602398) appointed with multiple A-rated annuity carriers; he is NOT a bank employee, broker-dealer, or registered representative, and is not paid by Marcus by Goldman Sachs for this review. No compensation has been received from Marcus by Goldman Sachs in connection with this content. MYGA comparisons reference rates from A-rated carriers as of the date stated; carrier rates change monthly. Always read the actual CD disclosure or annuity contract before purchasing.
Hans Goldstein is an Enrolled Agent, admitted to practice before the Internal Revenue Service. Not affiliated with or endorsed by the IRS. General education, not tax or legal advice for your situation.