Marcus by Goldman Sachs: Savings Account & Rates
Mission: Banksparency aims to make Marcus by Goldman Sachs' savings account transparent and comparable to the market.
Analysis of Marcus by Goldman Sachs
Our verdict
Marcus by Goldman Sachs offers Marcus Online Savings Account, a high-yield savings account paying 3.50% APY with no minimum deposit.
At 3.50% APY, Marcus by Goldman Sachs pays 9x the national average (0.39%). Ranks in the top tier of 98+ accounts tracked.
Ideal User Profile
- Best for: simple saving without extra requirements, banking without needing a branch, and managing money from your phone.
Key Differentiators
- Stands out with top-rated iOS app (4.9), highly-rated Android app (4.9), A+ BBB rating.
Savings Overview
Marcus Online Savings Account
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.07% APY.
Bank Overview
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured(Cert: 33124)
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Marcus by Goldman Sachs
| Feature | Marcus Online Savings Account |
|---|---|
APY | 3.50%Verified: 4/21/2026 |
APY Trend | Rate Adjusted -0.15% Since 7 days ago |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
| Next Steps | - |
Calculate Savings for Marcus by Goldman Sachs
Savings Breakdown
- Interest Earned+$1,363.30(8.9%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,363.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Marcus by Goldman Sachs Savings Rates Over Time
Historical APY Insights
Last 12 Months| Metric | Marcus Online Savings Account |
|---|---|
Latest APY | 3.50% |
Trend | Sideways |
Slope (bps/mo) | -0.4 |
Rate Changes / Mo | 0.16 |
Days Since Last Change | 0 |
High (-12m) | 3.75% |
Low (-12m) | 3.50% |
Draw-down | -6.7% |
Volatility (CV) | 0.008 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 365-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Marcus by Goldman Sachs
| Feature | Current View Marcus by Goldman Sachs | Empty Slot |
|---|---|---|
| Product | Marcus Online Savings Account | - |
APY | 3.50%Verified: 4/21/2026 | - |
APY Trend | Rate Adjusted -0.15% Since 7 days ago | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Marcus by Goldman Sachs' APY of 3.50% with other banks
Alternatives to Marcus by Goldman Sachs
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Fitness Bank
Fitness Savings Account: 4.20% APY
Minimum Deposit: $100
Online Only
Fitness Elite Checking & Fitness Savings Combo: 4.50% APY
Bundled Savings & Checking Account
Minimum Deposit: $100
Online Only
Openbank
High-Yield Savings Account: 4.00% APY
Minimum Deposit: $500
Online Only
Presidential Bank
Advantage Savings: 3.75% APY
Bundled Savings & Checking Account
Minimum Deposit: $5,000
Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.
Bank5 Connect
Connect Savings: 1.50% APY
Minimum Deposit: $10
Online Only
Jumbo Savings: 3.65% APY
Minimum Deposit: $25,000
Online Only
Zynlo Bank
Tomorrow Savings Account: 3.85% APY
Minimum Deposit: $10
Online Only
Prime Alliance Bank
Personal Savings: 3.75% APY
Minimum Deposit: $0
TIMBR
Premium Savings Account: 3.95% APY
Minimum Deposit: $1,000
Online Only
FVCbank
Advantage Direct Savings: 4.00% APY
Minimum Deposit: $500
Online Only
GO2bank
High Yield Savings: 4.50% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
SoFi Bank
SoFi Savings: 4.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
First Foundation Bank
Online Savings: 3.75% APY
Minimum Deposit: $1,000
Online Only
Ivy Bank
High-Yield Savings Account: 3.85% APY
Minimum Deposit: $2,500
Online Only
Eligible States: Limited (see details)