Last Updated: 04/18/2025
Marcus by Goldman Sachs Online Savings Account
Claimed
Last Updated: 04/18/2025
SuperMoney User Recommendation Score +81
Strongly recommended21 total votes
Cast Your Vote
Compare All Savings Accounts
Filter & compare all your options in one place.
Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
4.10%(Verified 11/26/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Number of Reviews
Marcus by Goldman Sachs Online Savings Account Review
Marcus by Goldman Sachs Online Savings Account is offered by Goldman Sachs Bank USA, a bank founded in 1869 and based in New York, NY. Marcus by Goldman Sachs Savings are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 4.10%, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Marcus by Goldman Sachs Savings Pros & Cons
| Pros | Cons |
|
|
Marcus by Goldman Sachs Savings FAQ
Are savings accounts from Goldman Sachs Bank USA federally insured?
Yes, your Goldman Sachs Bank USA savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
Does Goldman Sachs Bank USA offer a signup bonus?
Marcus by Goldman Sachs Savings doesn't offer a signup bonus.
What is the minimum initial deposit for Marcus by Goldman Sachs Savings?
There is no minimum deposit to open a Marcus by Goldman Sachs Savings.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Marcus by Goldman Sachs Online Savings Account offer?
Marcus by Goldman Sachs Savings offers an APY of 4.10% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Marcus by Goldman Sachs Savings charge?
Marcus by Goldman Sachs Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.
Does Marcus by Goldman Sachs Savings charge overdraft fees?
No, Marcus by Goldman Sachs Savings does not charge overdraft fees.What features and perks does Marcus by Goldman Sachs Savings offer?
This savings account includes the following features:
- Fraud monitoring - Marcus by Goldman Sachs Savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Mobile Banking Services - Marcus by Goldman Sachs Savings allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to Marcus by Goldman Sachs Savings?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
How do people rate the customer service and user experience of Marcus by Goldman Sachs Savings?
Overall, Marcus by Goldman Sachs Savings is strongly recommended based on community reviews that rate customer service and user experience.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Contact
Hours of Operation
Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day