Savings Account Comparison

Bank of America vs. Marcus by Goldman Sachs

Comparing Bank of America and Marcus by Goldman Sachs for savings: Bank of America's Advantage Savings pays 0.01% APY while Marcus by Goldman Sachs's Marcus Online Savings Account pays 3.50% APY.

See how they compare on rate stability, mobile app ratings, and more below.

Analysis by Aviel Fahl
Updated February 25, 2026

The Bottom Line

Who pays more interest on $10,000? Marcus by Goldman Sachs pays $349 more than Bank of America annually ($350 vs $1).

Choose Bank of America if you want Zelle for quick transfers. Choose Marcus by Goldman Sachs if getting the best rate matters most.

Comparison of Bank of America vs Marcus by Goldman Sachs savings accounts
Metric

Bank of America

Advantage Savings

Feb 25, 2026

Marcus by Goldman Sachs

Marcus Online Savings Account

Apr 21, 2026
APY0.01%3.50%
Est. Earnings
$5,000+$1
$10,000+$1
$25,000+$3
$5,000+$175
$10,000+$350
$25,000+$875
Min Deposit
$100$0

Snapshot view. Rates subject to change.

Terms
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.-
Features
FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often
FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingStable Rate

Market Reality Check

Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.07% APY.

See Top Rates

Comparison Analysis

Comparing Bank of America vs. Marcus by Goldman Sachs

Updated: Feb 25, 2026

Executive Summary

Marcus by Goldman Sachs offers a significantly higher APY of 3.50% on its Online Savings Account, making it a clear winner compared to Bank of America's Advantage Savings, which yields only 0.01%. The Marcus account has no minimum deposit or balance requirements, no maintenance fees, and compounds daily, providing better returns even on smaller deposits. In contrast, Bank of America charges an $8 monthly fee that can be waived under certain conditions. While the Advantage Savings account does not require direct deposit, the stark difference in APY makes Marcus the more attractive option for savers.

The analysis is based on current Banksparency database records

* This content is provided for informational purposes only; always verify details with the provider.

Why Bank of America?

  • Fast transfers via Zelle® (up to $3,500 a day)

Why Marcus by Goldman Sachs?

  • Higher potential APY (3.50% vs 0.01%) on all balances
  • No checking account or direct deposit required

— Key Feature Differences —

Better Returns at $10,000
Marcus by Goldman Sachs

Marcus by Goldman Sachs's Marcus Online Savings Account earns more on smaller deposits (approx. $350 vs $1/yr).

Better Returns at $25,000
Marcus by Goldman Sachs

Marcus by Goldman Sachs's Marcus Online Savings Account pulls ahead with larger amounts (approx. $875 vs $3/yr).

Best for Simplicity
Marcus by Goldman Sachs

Marcus by Goldman Sachs's Marcus Online Savings Account offers 3.50% APY with no bundling, direct deposit requirement or caps.

Shared Benefits

Available Nationwide Available to New & Existing Customers
The Bottom Line on APY (Interest Only)

Over a 1-year period, Marcus by Goldman Sachs's Marcus Online Savings Account pays $349 more interest on a $10,000 balance than Bank of America's Advantage Savings.

*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.

Bank of AmericaMarcus by Goldman Sachs
Verify At
Bank of America

Non-sponsored link to official site

Verify At
Marcus by Goldman Sachs

Non-sponsored link to official site

Top Market Contenders

Bank of America vs. Marcus by Goldman Sachs Savings Calculator

Calculations based on current APY for Advantage Savings and Marcus Online Savings Account
$
$

You earn $349 more with Marcus by Goldman Sachs than Bank of America on a $10,000 initial deposit for 1 year*.

*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.

Bank of America

Advantage Savings

0.01% APY

Savings Breakdown

  • Interest Earned
    +$1.00(0.0%)
  • Total Contributions
    $0
  • Initial Deposit
    $10,000

Projected Balance

$10,001.00

Effective APY
0.01%

Marcus by Goldman Sachs

Marcus Online Savings Account

3.50% APY

Savings Breakdown

  • Interest Earned
    +$350.00(3.4%)
  • Total Contributions
    $0
  • Initial Deposit
    $10,000

Projected Balance

$10,350.00

Effective APY
3.50%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

FeatureBank of AmericaMarcus by Goldman Sachs
APY
0.01%
Verified: 2/25/2026
Stable (90d)
3.50%
Verified: 4/21/2026
↘︎ 0.15%90d Change
Product NameAdvantage SavingsMarcus Online Savings Account
Minimum Deposit$100$0
Min. Balance for APYN/A$0
Monthly Fee$8$0
Compound FrequencyMonthlyDaily
Branch AccessYesNone
Account Type
Online & Branches
Online Only
Physical BranchesN/AN/A
Direct Deposit Req.NoneNone
Checking BundleNoNo
Mobile Apps
iOS4.8
Android4.6
iOS4.9
Android4.9
FDIC Insured
Zelle® Support
Available
Limit: $3,500/dayFounding member; highest limits for established users.
Not Supported
BBB RatingA+A+
Important NotesAPY 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.-
Next Steps
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📈 Compare Savings Rates Over Time

Historical Performance

Last 12 Months Analysis
MetricBank of AmericaMarcus by Goldman Sachs
Advantage SavingsMarcus Online Savings Account
Current APY
0.01%3.50%
Trend
Stable Stable
Velocity (bps/mo)
0.0-1.1
Days Since Change
71-55
12-Month High
0.03%3.90%
12-Month Low
0.01%3.50%
Adjustments / Mo
0.160.25
Volatility Score
0.1160.018
How to read these metrics(Click to expand)

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.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/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.

More Comparisons

Compare Bank of America's APY of 0.01% with other banks
Compare Marcus by Goldman Sachs' APY of 3.50% with other banks
Bank PairCompetitor APYMin Deposit
Marcus by Goldman Sachs vs Affirm3.20%$0
Marcus by Goldman Sachs vs Ally Bank3.10%$0
Marcus by Goldman Sachs vs American Express3.20%$0
Marcus by Goldman Sachs vs Axos Bank4.21%$0
Marcus by Goldman Sachs vs Barclays3.75%$0
Marcus by Goldman Sachs vs Bask Bank0.25%$0
Marcus by Goldman Sachs vs Betterment3.90%$10
Marcus by Goldman Sachs vs BMO Alto3.15%$0
Marcus by Goldman Sachs vs Bread Savings4.00%$100
Marcus by Goldman Sachs vs BrioDirect3.75%$5,000
Marcus by Goldman Sachs vs Capital One3.20%$0
Marcus by Goldman Sachs vs Charles Schwab Bank0.15%$0
Marcus by Goldman Sachs vs Chase Bank0.01%$0
Marcus by Goldman Sachs vs Chime3.00%$0
Marcus by Goldman Sachs vs CIT Bank3.75%$100
Marcus by Goldman Sachs vs Citibank3.15%$0
Marcus by Goldman Sachs vs Citizens Access™3.15%$0.01
Marcus by Goldman Sachs vs Climate First Bank4.01%$50
Marcus by Goldman Sachs vs Discover Bank3.30%$0
Marcus by Goldman Sachs vs E*TRADE from Morgan Stanley3.25%$0
Marcus by Goldman Sachs vs Elevault3.82%$0
Marcus by Goldman Sachs vs EverBank3.90%$0
Marcus by Goldman Sachs vs Fitness Bank4.50%$100
Marcus by Goldman Sachs vs FNBO Direct3.00%$1
Marcus by Goldman Sachs vs Forbright Bank3.85%$0
Marcus by Goldman Sachs vs GO2bank4.50%$0
Marcus by Goldman Sachs vs Ivy Bank3.85%$2,500
Marcus by Goldman Sachs vs LendingClub4.00%$0
Marcus by Goldman Sachs vs Neighbors Bank4.20%$0
Marcus by Goldman Sachs vs Newtek Bank4.20%$0.01
Marcus by Goldman Sachs vs Openbank4.00%$500
Marcus by Goldman Sachs vs Peak Bank3.82%$100
Marcus by Goldman Sachs vs Pibank4.40%$0
Marcus by Goldman Sachs vs PNC3.25%$0
Marcus by Goldman Sachs vs Santander Bank0.01%$25
Marcus by Goldman Sachs vs SoFi Bank4.00%$0
Marcus by Goldman Sachs vs Synchrony Bank3.40%$0
Marcus by Goldman Sachs vs TD Bank2.00%$0
Marcus by Goldman Sachs vs UFB Direct3.46%$5000
Marcus by Goldman Sachs vs Upgrade3.05%$0
Marcus by Goldman Sachs vs Varo Bank5.00%$0
Marcus by Goldman Sachs vs Wealthfront4.20%$0
Marcus by Goldman Sachs vs Wells Fargo0.05%$25