Marcus by Goldman Sachs

Last Updated: 7/16/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick Views

Marcus Online Savings Account: 3.65% APY(Rank 66 out of 77 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.38% (as of 6/16/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

BBB Rating: A+

App Store Rating: 4.8/5

Google Play Rating: 4.1/5

Website: Visit Marcus by Goldman Sachs

Our Take on Marcus by Goldman Sachs

Highlights

Current APY of 3.65%, unchanged from 30 days ago.
No minimum deposit or balance requirement.
No maintenance fees for the savings account.
High App Store rating of 4.8.

Considerations

No physical branches available.
Direct deposit not required, but may limit some users.
Google Play rating is lower at 4.1.
Only one savings account option available.

Summary: Marcus by Goldman Sachs offers a competitive APY of 3.65% with no minimum balance or fees, making it appealing for savers. However, it lacks physical branches and only provides one savings account option. The bank has a strong BBB rating of A+, and its mobile app has a high rating on the App Store. The absence of a direct deposit requirement might deter some potential customers.

Savings Account

Savings Account Offered by Marcus by Goldman Sachs

Feature	Marcus Online Savings Account
APY	3.65% (as of 7/16/2025)
APY Trend	Stable for the last month
Minimum Deposit	$0
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
No deposit agreement summary available for this bank.

Calculate Savings for Marcus by Goldman Sachs

All calculations are based on APY.

Savings Product:

Marcus Online Savings Account (APY: 3.65%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $4 (3.85%)
Total contributions: $0 (0.00%)
Initial deposit: $100 (96.15%)

Your total balance

$104.00

Effective APY: 3.65% (based on your deposit and contributions)

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

Metric	Marcus Online Savings Account
Latest APY	3.65 %
Trend	Falling
Slope (bps/mo)	-5.7
Rate Changes / Mo	0.36
Days Since Last Change	49
High (-6 m)	3.90 %
Low (-6 m)	3.65 %
Draw-down from High	-6.4 %
Volatility (CV)	0.027

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 6 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-6 m): Highest APY in the last 169 days.
Low (-6 m): Lowest APY in the last 169 days.
Draw-down from High: How far today sits below the 6-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Marcus by Goldman Sachs' Savings Account

Affirm - 3.85% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.50% APY
Amalgamated Bank - 2.25% APY
American Express - 3.60% APY
Axos Bank - 4.66% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.20% APY
Betterment - 4.00% APY
BMO Alto - 3.50% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.50% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.25-3.75% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-4.00% APY
Citibank - 3.50% APY
Citizens Access™ - 3.70% APY
Colorado Federal Savings Bank - 4.25% APY
ConnectOne Bank - 4.00% APY
Customers Bank - 4.23% APY
Discover Bank - 3.50% APY
E*TRADE from Morgan Stanley - 4.00% APY
EverBank - 4.30% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.25% APY
Fitness Bank - 5.00% APY
Flagstar Bank - 4.00% APY
Forbright Bank - 4.25% APY
FVCbank - 4.35% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.10% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.30% APY
Peak Bank - 4.44% APY
Pibank - 4.60% APY
PNC - 3.95% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.05% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 4.05% APY
Primis Bank - 4.35% APY
Quontic Bank - 3.75% APY
RBMAX - 4.15% APY
Rising Bank - 4.30% APY
ROGER - 4.12% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.03% APY
SoFi Bank - 3.80% APY
Synchrony Bank - 3.80% APY
TAB Bank - 4.15% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 1.90% APY
TIMBR - 4.40% APY
UFB Direct - 4.01-4.21% APY
Upgrade - 4.02% APY
Valley Direct - 4.30% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.25% APY
Zynlo Bank - 4.35% APY

Feature	Marcus by Goldman Sachs	Select a bank...
Product	Marcus Online Savings Account	N/A
APY	3.65% (as of 7/16/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$0	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A

Bank-to-Bank Comparisons

Compare Marcus by Goldman Sachs' APY of 3.65% with other banks

Bank Pair	Best APY	Min Deposit
Marcus by Goldman Sachs vs Ally Bank	3.50%	$0
Marcus by Goldman Sachs vs American Express	3.60%	$0
Marcus by Goldman Sachs vs Axos Bank	4.66%	$0
Marcus by Goldman Sachs vs Bank of America	0.01%	$100
Marcus by Goldman Sachs vs Barclays	4.10%	$0
Marcus by Goldman Sachs vs Capital One	3.50%	$0
Marcus by Goldman Sachs vs Chase Bank	0.01%	$0
Marcus by Goldman Sachs vs Chime	3.75%	$0
Marcus by Goldman Sachs vs CIT Bank	4.00%	$100
Marcus by Goldman Sachs vs Discover Bank	3.50%	$0
Marcus by Goldman Sachs vs Fitness Bank	5.00%	$100
Marcus by Goldman Sachs vs Presidential Bank	4.50%	$5,000
Marcus by Goldman Sachs vs SoFi Bank	3.80%	$0
Marcus by Goldman Sachs vs Synchrony Bank	3.80%	$0
Marcus by Goldman Sachs vs Varo Bank	5.00%	$0
Marcus by Goldman Sachs vs Wells Fargo	2.51%	$25