Marcus by Goldman Sachs is an online bank that offers a high yield savings account. Although you may find higher APYs elsewhere, Marcus offers competitive pricing and other amenities, including no fees and no minimum deposit to open the account.
Goldman Sachs’ Marcus earned an overall rating of 4.2 out of 5 in Bankrate’s overall rating, and his savings account earned 5 out of 5 stars.
Marcus by Goldman Sachs Savings Account Rates
Here is a breakdown of the Marcus savings account.
| Account name | APY | Minimum deposit |
| High Yield Savings Account | 0.50% | No minimum deposit |
Note: Annual Percentage Yield (APY) shown is as of February 18, 2022 and may vary by region.
How Marcus by Goldman Sachs Savings Rates Compare to Top Performing Banks
The high-yield online savings account offered by Marcus by Goldman Sachs is competitive, although some other online banks offer higher savings rates. The Marcus app earns high ratings in the Apple App Store and Google Play, and allows users to check balances, schedule transfers, make loan repayments and more.
If you’re evaluating savings account options, compare the best rates the market has to offer.
Other savings options at Marcus by Goldman Sachs
Marcus by Goldman Sachs also offers standard certificates of deposit that can help you save for your future, with nine terms ranging from six months to six years. Marcus also compounds CD interest daily rather than monthly or quarterly.
Savers can also choose from three no-penalty CD terms, which charge no early withdrawal fees, as long as the account has been funded for at least seven days.
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