This is a multi-part deal, but you may already have some of these accounts. Marcus is the online banking arm of Goldman Sachs. AARP members are eligible for two member benefits at Marcus:
Marcus Cd Rates Certificate Of Deposit
The best 12-month CD rates are typically found through online banks and credit unions. Online banks have less overhead costs compared to traditional brick and mortar banks. This only applies to Marcus branded CD products. If your Marcus CD account does not reach the $500 minimum deposit within 10 days of the day you open your account, your rate will be the interest rate and APY available for your Marcus CD product and term on the day your Marcus CD account reaches the $500 minimum deposit.
- Our award-winning savings account provides a rate that’s 4X the National Average (try our Calculator), is easy to set up and offers convenient 24/7 account access online or via the Marcus app – all backed by the financial expertise of Goldman Sachs. No fees and no minimum deposit; Same-day transfers of $100,000 or less to/from other banks; Link other bank accounts for incoming and outgoing.
- On its high-yield CDs, if you withdraw from a CD early, Marcus has a penalty of 90 days of simple interest on a CD that has a term less than 12 months, a penalty of 270 days of simple interest on.
- Barclays’ high certificate of deposit rates allow you to grow your money toward your savings goals, whether that’s a new car or a vacation. You stand to earn more by opening a CD with a term longer than three months since that account has the lowest rate. You can also easily build a CD ladder with the bank’s CDs.
Marcus Savings Account
- 0.10% APY rate increase to the Online Savings rate for 24 months. As of 1/18/2021, that means 0.60% APY instead of 0.50% APY.
- Special 8-month No-Penalty CD at 0.55% APY as of 1/18/2021. Their standard No-Penalty CD is 0.45% APY for 7 months.
:max_bytes(150000):strip_icc()/marcus_by_goldman_sachs_3x1_FINAL-5c588b7d4cedfd0001efef26.png "Today")
AARP membership is targeted at those age 50+, but there is no actual age restriction. I was a member in my 30s, as AARP has offered a variety of member benefits that can be quite valuable – insurance discounts, hotel discounts, restaurant discounts, and so on. If only younger folks had such a well-organized association! The standard membership fee is $16/year, but it drops to $12/year if you sign-up for auto-renewal with a credit card on file (you can still cancel at any time).
Marcus Cd Rates
Swagbucks is a popular points website, and you can currently get 1,500 Swagbucks (worth $15 Amazon gift card)for joining AARP through their site. This essentially offsetts the AARP annual membership fee. If you are a member, log in and search for “AARP”. If you are not a member yet, join via my Swagbucks referral link and earn a $3 referral bonus + an additional $10 bonus if you spend at least $25 through their shopping portal within 30 days of registration. (There are even some money-making offers on Swagbucks like donating $15 to the Sierra Club and getting 4,000 Swagbucks in return worth $40 in Amazon gift cards.)
Barclays Cd Rates
Taken altogether, you can get the 0.10% APY rate boost, special CD access, and a year of AARP membership (including many other perks) all at zero net cost. Thanks to reader Bill P for the tip.