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
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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
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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 #33124). 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
Other Services by Goldman Sachs Bank USA
Other Savings Accounts from Goldman Sachs Bank USA
Rating not yet determined
APY (Annual Percentage Yield)
4.15%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
N/A
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +81, or 4.6 on a 5-point rating scale.
+81
-1000+100
No one recommends
Everyone recommends
Marcus by Goldman Sachs Online Savings Account Community Reviews
Would you recommend Marcus by Goldman Sachs Online Savings Account to your friends?
U
Anonymous
Feb 14, 2023
May or may not recommend
HYSA With 4.5% & $100 Bonus
Great online savings and customer service. I called in and the lady confimed my bonus & referral amount.
The app is super friendly & shows the Funds, APY & Bonus.
Note- For the extra 1%, go to "marcus" dot "com", then slash, then "share", then slash, then "VAT", then dash, then "Y97", then dash, then "X6QI"
EI
Enamul I.
Feb 2, 2023
May or may not recommend
I recently opened an account with Marcus by Goldman Sachs Online Savings and I'm very satisfied with my experience so far. The interest rate is competitive and the online platform is user-friendly. I appreciate the lack of fees and the ease of transferring funds. The customer service has been helpful whenever I've had questions. I highly recommend Marcus by Goldman Sachs Online Savings for anyone looking for a high-yield savings ...Show More
KU
Kyle U.
Jan 23, 2023
May or may not recommend
I switched over to Marcus after interest rates began to rise and have been very happy with their competitive rates. I have used varying high yield savings account over the years, always trying to chase the best rates and can confidently say their app is the most user friendly.
D M.
Jan 21, 2023
May or may not recommend
I love Marcus savings account these guys are all about the customer
KL
Kathleen L.
Jan 14, 2023
May or may not recommend
The interest is excellent. Even better if you use the referral program which adds an extra 1%. Great website tools. I recently lost my husband and he handled all the financial stuff because I traveled 45 weeks out of the year for work. At the age of 62 I never had a credit card except for a corporate card, I never checked my credit which was a huge mistake because ...Show More
SR
Saila R.
Nov 30, 2022
May or may not recommend
I would strongly recommend Marcus by goldman sachs online savings account since Savings accounts don’t have a minimum balance requirement or monthly service fee. and they also provide customer service line provides 24/7 account access, but not seems much helpful for me. and also Marcus does not offer debit or ATM cards, making it more difficult to access your funds.
But if you want best interest rates for your money, ...Show More
MC
Mazhar C.
Nov 29, 2022
May or may not recommend
Goldman Sachs Online Savings account are the high yield saving rates. i recommend it to everyone
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Its pretty much easy to have it , access to it but there are still some cons but otherwise , good to own one!
MB
Michaela B.
Nov 25, 2022
May or may not recommend
Its pretty much easy to have it , access to it but there are still some cons but otherwise , good to own one!
EN
Edwin N.
Nov 20, 2022
May or may not recommend
I have no words only ????? great services from Marcus by Goldman Sachs Online Savings Account Savings Accounts.
AG
Alexander G.
Nov 16, 2022
May or may not recommend
I will be honest - this is a great saving account rate. Especially if you depositing a larger sum. However, this financial institution will drop there rates on a whim. We were offered a promo to deposit into a saving account with a competitive rate. But shortly thereafter the rate dropped. From half percentage to full percentages. I think after it was all done we were at a 1% interest. ...Show More
Debby T.
Oct 19, 2022
May or may not recommend
Marcus by Goldman Sachs Online Savings Account does not have a physical branch. But do not let that discourage you because banking with them has its benefits. For example: the interest rate on your savings, no initial deposit required to open account, same-day transfers, access to great customer services anytime of the day etc. I really do recommend this online bank.
AY
Aleena Y.
Oct 17, 2022
May or may not recommend
The great things about Marcus by Goldman Sachs Online Savings account are the high yield saving rates. so I am not 100% sure how I feel about it. I have only had the account open for a month, and I have been able to see some small interest growth. Customer service is open 7 days a week.
TT
Torbjorn T.
Oct 16, 2022
May or may not recommend
I would say this will benefit everyday people it's a high yield and low rates. Plus Customer service is very nice people. Yes, I recommend it,
Michael L.
Oct 15, 2022
May or may not recommend
Super easy to open an account. It is as good as Goldman Sachs reputation. It took me less than 20 mins to get everything set up online and no need to call customer service. So far I have only called its service once for a question and the representative was very helpful. Highly recommand!
KA
Khawaja A.
Oct 7, 2022
May or may not recommend
Marcus by Goldman is an amazing bank with great customer service and have good CD rates.
SW
Sophie W.
Jan 11, 2022
May or may not recommend
Marcus is a great high yield savings account. Easy to navigate, withdraw and deposit money etc. It's free to make an account, and the interest rate on your savings is amazing.
HK
Hannah K.
Jan 15, 2021
May or may not recommend
Marcus by Goldman Sachs is fairly easy to use. It has a simple interface and can be set up in minutes plus, it does not require you to go to a branch (which some may dislike but for introverts like myself, it is nice to set it up completely online). Compared to other savings accounts, Marcus offers a 0.50 APY. That is competitive compared to many savings accounts (who offer ...Show More
KS
Keryn S.
Nov 25, 2020
May or may not recommend
The great things about Marcus by Goldman Sachs Online Savings account are the high yield saving rates. They were higher, but even during this crisis they remained way above your average bank's. Both savings and CD rates are very competitive, and you can transfer amounts of up to 100k per day. Their website is user friendly and easy to navigate. Don't be hesitant to open an account with them just ...Show More
ST
Shanekia T.
Nov 9, 2020
May or may not recommend
I just recently opened a Marcus savings account, so I am not 100% sure how I feel about it. I have only had the account open for a month, and I have been able to see some small interest growth. I think .06% APY is pretty decent. It’s not the best, but it’s not the worst either. I will say that the online transfer is a ...Show More
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