Marcus offers 7,11, and 13 month CDs with no penalty on withdrawal before maturity. The 13 month CD offers 2.35% interest and the 7 month CD offers 2.25%. Why would I open a 7 month CD if I can open a 13 month CD and withdraw earlier with no penalty? What am i missing?
You can put cash in a Marcus savings account for 2.25 so not sure why it makes sense to even fuck with a 2.35 cd