Bank of America vs. Marcus by Goldman Sachs
Compare rates, requirements, and features side-by-side to find the best option for you.
Bank of America
Advantage Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Bank of America
Advantage Savings
Marcus by Goldman Sachs
Marcus Online Savings Account
3.65%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Marcus by Goldman Sachs
Marcus Online Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Comparison Analysis
Comparing Bank of America vs. Marcus by Goldman Sachs
Why Bank of America?
- ✓Higher rated Android app (4.6 vs 4.2)
Why Marcus by Goldman Sachs?
- ✓Higher potential APY (3.65% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
Marcus by Goldman SachsMarcus by Goldman Sachs's Marcus Online Savings Account earns more on smaller deposits (approx. $365 vs $1/yr).
Better Returns at $25,000
Marcus by Goldman SachsMarcus by Goldman Sachs's Marcus Online Savings Account pulls ahead with larger amounts (approx. $913 vs $3/yr).
Best for Simplicity
Marcus by Goldman SachsMarcus by Goldman Sachs's Marcus Online Savings Account offers 3.65% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Marcus by Goldman Sachs's Marcus Online Savings Account pays $364 more interest on a $10,000 balance than Bank of America's Advantage Savings.
Executive Summary
Marcus by Goldman Sachs offers a significantly higher APY of 3.65% on its Marcus Online Savings Account, making it a clear winner compared to Bank of America's Advantage Savings account, which yields only 0.01%. The Marcus account has no minimum deposit or balance requirements, no maintenance fees, and is online-only, providing straightforward access without any additional conditions. In contrast, Bank of America charges an $8 monthly fee, which can be waived under certain conditions, and requires a minimum deposit of $100. Overall, Marcus stands out for its superior returns and simplicity.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Bank of America and Marcus by Goldman Sachs.
| Feature | Bank of America | Marcus by Goldman Sachs |
|---|---|---|
| APY | 0.01% Verified: 12/6/2025 Stable (90d) | 3.65% Verified: 12/6/2025 Stable (90d) |
| Product Name | Advantage Savings | Marcus Online Savings Account |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | N/A | $0 |
| Monthly Fee | $8 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.8 Android4.2 |
| BBB Rating | A+ | A+ |
| Important Notes | 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. | - |
| Next Steps |
Savings Comparison
Marcus by Goldman Sachs earns $2,204 more than Bank of America.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
Marcus by Goldman Sachs
Marcus Online Savings Account
Savings Breakdown
- Interest Earned+$2,209.70(10.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,209.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | Marcus by Goldman Sachs |
|---|---|---|
| Advantage Savings | Marcus Online Savings Account | |
Current APY | 0.01% | 3.65% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -2.5 |
Days Since Change | 311 | 192 |
10-Month High | 0.01% | 3.90% |
10-Month Low | 0.01% | 3.65% |
Adjustments / Mo | 0.00 | 0.19 |
Volatility Score | 0.000 | 0.025 |
How to read these metrics(Click to expand)
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