Bank Of America vs. Marcus By Goldman Sachs
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of Bank of America vs. Marcus by Goldman Sachs
Key Metrics at a Glance
| Feature | Bank of America | Marcus by Goldman Sachs |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 3.65% Marcus Online Savings Account |
| Minimum to Open | $100 | $0 |
| Minimum Balance for APY | $0 |
Bank of America
Strengths
- Bank of America has a high App Store rating of 4.8.
- Bank of America offers an Advantage Savings account with a low minimum deposit of $100.
Potential Drawbacks
- The current APY for Bank of America's Advantage Savings is only 0.01%.
- Bank of America charges an $8 monthly maintenance fee.
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs offers a competitive APY of 3.65%.
- There are no maintenance fees for the Marcus Online Savings Account.
Potential Drawbacks
- Marcus by Goldman Sachs has a lower Google Play rating of 4.1.
- Marcus by Goldman Sachs requires no minimum deposit or balance, but is online-only.
→ As of October 14, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Marcus by Goldman Sachs's 3.65% APY for its Marcus Online Savings Account, with a minimum balance of $0.
→ Marcus by Goldman Sachs yields $364 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Marcus by Goldman Sachs pays $365 - an APY advantage for Marcus by Goldman Sachs.
Calculate Savings Growth for Bank of America vs Marcus by Goldman Sachs
Bank of America
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewMarcus by Goldman Sachs
Total savings breakdown:
- Interest earned: $2,209.7 (10.93%)
- Total contributions: $13,000 (64.33%)
- Initial deposit: $5,000 (24.74%)
Your total balance
$20,209.70
Total balance: $20,209.7
Earnings: $2,209.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,204 lower than Marcus by Goldman Sachs's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bank of America's vs Marcus by Goldman Sachs' Savings Accounts
| Bank of America | Marcus by Goldman Sachs | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Marcus Online Savings Account |
| APY | 0.01% (as of 10/14/2025) | 3.65% (as of 10/14/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $100 | $0 | |
| Minimum Balance for APY | N/A | $0 | |
| Maintenance Fee | $8 | $0 | |
| Direct Deposit Required | No | No | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.6/5 | 4.1/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 8 Months)
| Bank of America | Marcus by Goldman Sachs | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Marcus Online Savings Account |
| Latest APY | 0.01 % | 3.65 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | -3.5 | |
| Rate Changes / Mo | 0.00 | 0.23 | |
| Days Since Last Change | 259 | 140 | |
| High (-8 m) | 0.01 % | 3.90 % | |
| Low (-8 m) | 0.01 % | 3.65 % | |
| Draw-down from High | 0.0 % | -6.4 % | |
| Volatility (CV) | 0.000 | 0.026 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 259 days.
- Low (-8 m)
- Lowest APY in the last 259 days.
- Draw-down from High
- How far today sits below the 8-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.