This is a multi-part deal, but each part can be done separately. Marcus is the online banking arm of Goldman Sachs. AARP members are eligible for at Marcus:
- 0.10% APY rate increase to the Online Savings rate for 24 months. As of 7/29/20, that means 1.15% APY instead of 1.10% APY.
- Special 8-month No-Penalty CD at 1.10% APY as of 7/29/20. Their standard No-Penalty CD is 0.90% APY for 7 months.
AARP membership is targeted at those age 50+, but there is no age restriction for membership. I’ve been a member in the past, as AARP has offered a variety of member benefits that can be quite valuable. Insurance discounts, hotel discounts, restaurant discounts, and so on. (They even once offered a credit card that offered a flat 3% cash back for a certain window.) 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).
is a popular points website, and you can currently get 1,200 Swagbucks for joining AARP through their site. 1,200 Swagbucks is worth $12 in Amazon gift cards, which you can think of as offsetting 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 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.
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.
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