Are Goldman Sachs CDs FDIC Insured? | Coverage You Get

CDs from Goldman Sachs Bank USA are insured by the FDIC up to $250,000 per depositor, per ownership category, at each insured bank.

If you are weighing a Goldman Sachs CD against other high-yield spots for cash, the safety question lands early: what happens if the bank runs into trouble at some point?

Goldman Sachs Bank USA is an FDIC member bank, and its consumer CDs, offered through Marcus, fall under the same federal insurance rules as any other insured institution. The main task for you is understanding how those rules apply to your balances so every dollar you care about sits inside the coverage limit.

How FDIC Insurance Works For Bank CDs

The Federal Deposit Insurance Corporation, or FDIC, is a U.S. government agency that protects depositors when an insured bank fails. If an FDIC insured bank shuts down, the agency steps in and insures deposit accounts up to a set limit, so customers do not lose insured funds while the bank is resolved by regulators.

FDIC coverage applies to standard deposit products such as checking accounts, savings accounts, money market deposit accounts, and time deposits like certificates of deposit. It does not insure stocks, bonds, mutual funds, crypto, or similar investments that can lose value on their own.

Under current rules, the standard insurance limit is $250,000 per depositor, per insured bank, for each ownership category. That language looks dense, but it drives how much protection you get when you spread money across single, joint, and retirement accounts at the same bank. The FDIC spells this out clearly in its deposit insurance FAQs. Clear rules on coverage make it easier to sleep at night with savings.

Standard Coverage Limits In Plain Terms

The easiest way to think about FDIC protection is by grouping accounts into ownership buckets. Every ownership category at one bank gets its own coverage limit under current law.

Say you hold a $200,000 personal CD and a $25,000 personal savings account at the same bank, both in your name only, they sit in the single account category. Those balances are added together and insured up to $250,000, so the full $225,000 would be protected.

Now picture a married couple with multiple accounts at one bank. One spouse holds a $250,000 CD in an individual account, and the couple shares a $250,000 joint CD. The single account category insures the individual CD, and the joint account category insures the joint CD, so the full $500,000 total still falls inside FDIC limits at that insured bank.

The FDIC also publishes a detailed “Your Insured Deposits” brochure that walks through many other examples, including trust and retirement accounts. That booklet is a handy cross-check if your balances or account titles are more complex.

Goldman Sachs CDs And FDIC Insurance Coverage Details

When people ask whether Goldman Sachs CDs are protected, they are actually asking about Goldman Sachs Bank USA, the banking arm behind the Marcus product line. That legal entity is the one the FDIC insures, and that is what matters for your coverage.

Is Goldman Sachs Bank USA An FDIC Member?

Goldman Sachs Bank USA appears in the FDIC’s BankFind database as an insured institution with its own certificate number and insurance in place since 2008. Any eligible deposits you hold at this bank fall under the same $250,000 per depositor, per bank, per ownership category limit as deposits at other FDIC insured banks, which you can confirm on the official BankFind page.

The easiest way to double-check membership is to use that BankFind tool or to look for the FDIC logo and “Member FDIC” language on the bank’s website and account disclosures. Both paths lead to the same answer: CDs issued by Goldman Sachs Bank USA through Marcus meet the standard for FDIC insurance coverage.

Which Goldman Sachs CDs Are Covered?

Consumer CDs from Marcus are issued by Goldman Sachs Bank USA, not by a separate investment company. That means they count as time deposits at an FDIC insured bank, right alongside Marcus online savings accounts. As long as you stay within the federal limits, principal and interest that have posted to the account fall inside the insurance umbrella.

It also means that all your Marcus-branded deposit accounts at Goldman Sachs Bank USA are tied together for coverage. If you keep both a CD and an online savings account in your name alone at this bank, those balances add up inside the single account category for FDIC purposes, as described in the FDIC’s own guidance and in the CD descriptions on the Marcus high-yield CD page.

Goldman Sachs Account Type	FDIC Coverage Status	How It Counts Toward Your Limit
Individual Fixed-Term CD (Marcus)	Covered	Added to all other single-owner deposits at Goldman Sachs Bank USA.
Joint CD Held With A Spouse Or Partner	Covered	Added to all other joint deposits for the same two people at this bank.
Online Savings Account (Marcus)	Covered	Combined with your CDs in the same ownership category at this bank.
Traditional Or Roth IRA CD	Covered	Falls under the certain retirement accounts category at this bank.
Trust CD Listing Beneficiaries	Covered	Insured based on the trust ownership rules and number of beneficiaries.
Brokered CD Held At A Different Brokerage	Depends	May still be a deposit at Goldman Sachs Bank USA; ask your broker how it is titled.
Goldman Sachs Investment Account	Not Covered	Brokerage assets such as stocks or funds do not fall under FDIC rules.

Are Goldman Sachs CDs FDIC Insured?

Putting it together, CDs issued directly by Goldman Sachs Bank USA through Marcus are FDIC insured time deposits, backed by the full faith and credit of the U.S. government up to the standard limits. You still need to manage how much cash you keep in each ownership category at this bank, but the product itself qualifies for coverage.

How To Stay Fully Covered With Goldman Sachs CDs

Knowing that Goldman Sachs CDs qualify for FDIC protection is only step one. The next step is sizing your deposits so that your balance, plus posted interest, stays inside the coverage limits that apply to your accounts at this bank.

Add Up Every Deposit At Goldman Sachs Bank USA

FDIC coverage looks at your combined total at each insured bank, not just one account. That means you need to add your Goldman Sachs CDs to any Marcus savings accounts or other deposit products you hold at Goldman Sachs Bank USA under the same ownership type.

If you already have $200,000 in a Marcus savings account in your name only and open a $75,000 CD, your total single-owner deposits at this bank jump to $275,000. With a standard limit of $250,000 for that category, roughly $25,000 would sit outside FDIC protection unless you change the structure.

Use Different Ownership Categories When It Makes Sense

One way to increase coverage without leaving Goldman Sachs Bank USA is to spread funds across ownership categories. A couple could keep a CD in one spouse’s name, a second CD in the other spouse’s name, and a joint CD. Each bucket gets its own $250,000 coverage limit at the same bank.

Spread Deposits Across Banks For Higher Amounts

If your total savings exceed what one bank can protect, use more than one FDIC insured institution. You might split a $600,000 CD ladder between Goldman Sachs Bank USA and two other banks, keeping each bank’s total under the $250,000 per depositor limit for the ownership category you use there.

This kind of spread keeps your money covered while still letting you shop for strong CD rates and terms. You can mix and match online banks, community banks, and credit unions, adjusting maturities and institutions as rates move.

Scenario	Total At Goldman Sachs Bank USA	FDIC Coverage Result
Single CD Of $200,000 In Your Name Only	$200,000	Fully insured under the single account category.
$260,000 Split Between Savings And CDs In One Name	$260,000	$250,000 insured; $10,000 above the standard limit.
Two Spouses, One $250,000 Joint CD	$250,000	Fully insured under the joint account category.
Two Spouses, Each With $250,000 In Individual CDs	$500,000	Each single account receives its own $250,000 coverage.
Individual CD Of $250,000 Plus IRA CD Of $250,000	$500,000	Fully insured because single and retirement categories are separate.
$300,000 CD At Goldman Sachs And $300,000 CD At Another Bank	$300,000	All deposits at Goldman Sachs are insured up to $250,000; the other bank has its own limit.

Risks And Tradeoffs With Goldman Sachs CDs

FDIC insurance handles bank failure risk, but it does not remove interest rate risk or the chance that you might need funds before maturity. Breaking a CD early often means surrendering several months of interest, which can drag down your total return.

Goldman Sachs CDs are managed online or by phone instead of at a branch, which suits many savers who prefer digital banking, though others still like face-to-face service for large balances.

Practical Steps Before Opening A Goldman Sachs CD

If you decide that a CD from Goldman Sachs fits your cash goals, start by mapping your current deposits across banks and account types. Note the ownership category for each account, the bank name, and your balance plus expected interest over the term you have in mind.

Then confirm FDIC membership and CD details on the bank’s site and on the FDIC BankFind page for Goldman Sachs Bank USA, and read the disclosures for early withdrawal penalties, renewal rules, and balance limits.

After you open and fund the CD, save copies of confirmations and statements, and revisit your FDIC coverage picture whenever you move large sums or change ownership structures so each bank and category stays within the insurance limits. That quick habit can spare you guesswork when markets feel rough again later on during rocky weeks.