Bank Of America vs Marcus By Goldman Sachs
High-Yield Savings Accounts Comparison

Last Updated: June 20, 2025

Summary of Bank of America vs. Marcus by Goldman Sachs

As of June 20, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, compared to Marcus by Goldman Sachs's 3.65% APY for its Marcus Online Savings Account account.

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.

Bank of America

Strengths

  • Bank of America has a high App Store rating of 4.8.
  • The Advantage Savings account has no minimum balance requirement for APY.
  • Bank of America offers branch access.

Potential Drawbacks

  • The current APY for Advantage Savings is only 0.01%.
  • Bank of America charges an $8 monthly maintenance fee.
  • No increase in APY from 30 days ago.

Marcus by Goldman Sachs

Strengths

  • Marcus by Goldman Sachs offers a competitive APY of 3.65%.
  • The Marcus Online Savings Account has no maintenance fees.
  • No minimum deposit or balance required for the account.

Potential Drawbacks

  • Marcus by Goldman Sachs's APY decreased from 3.75% in the last 30 days.
  • The Google Play rating is lower at 4.2 compared to Bank of America.
  • Marcus by Goldman Sachs is online-only, lacking branch access.
Summary: Marcus by Goldman Sachs provides a significantly higher APY of 3.65% compared to Bank of America's 0.01%. While both banks have high App Store ratings, Bank of America offers branch access and a minimum balance option to waive fees. However, it charges an $8 maintenance fee, unlike Marcus, which has no fees. Marcus's APY has decreased recently, while Bank of America's remains unchanged.

Compare Bank of America's vs Marcus by Goldman Sachs' Savings Accounts

Bank of AmericaMarcus by Goldman Sachs
ProductAdvantage SavingsvsMarcus Online Savings Account
APY
0.01% (as of 6/20/2025)3.65% (as of 6/20/2025)
Bundled Account
NoNo
FDIC-insured
YesYes
Online OnlyNoYes
Compound Frequency
MonthlyDaily
Minimum Deposit$100$0
Minimum Balance for APYN/A$0
Maintenance Fee$8$0
Direct Deposit Required
NoNo
NoteAPY 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.N/A
Visit BankAdvantage SavingsMarcus Online Savings Account
App Store Rating4.8/54.8/5
Google Play Rating4.6/54.2/5
BBB RatingAA+

Comparative Historical APY Insights (Last 5 Months)

Bank of AmericaMarcus by Goldman Sachs
ProductAdvantage SavingsvsMarcus Online Savings Account
Latest APY0.01 %3.65 %
TrendSidewaysFalling
Slope (bps/mo)-0.0-6.3
Rate Changes / Mo0.000.42
Days Since Last Change14324
High (-5 m)0.01 %3.90 %
Low (-5 m)0.01 %3.65 %
Draw-down from High0.0 %-6.4 %
Volatility (CV)0.0000.025
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 5 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 (-5 m)
Highest APY in the last 144 days.
Low (-5 m)
Lowest APY in the last 144 days.
Draw-down from High
How far today sits below the 5-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.

Calculate Savings Growth for Bank of America vs Marcus by Goldman Sachs

All calculations are based on APY.

Bank of America

APY: 0.01%

Total savings breakdown:

  • Interest earned: $0.1 (0.01%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (99.99%)

Your total balance

$1,000.10

Effective APY: 0.01% (based on your deposit and contributions)

Total balance: $1,000.1

Earnings: $0.1

Bank Details

Marcus by Goldman Sachs

APY: 3.65%

Total savings breakdown:

  • Interest earned: $36.5 (3.52%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.48%)

Your total balance

$1,036.50

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

Total balance: $1,036.5

Earnings: $36.5

Bank Details

After 1 year Bank of America would earn you $36.4 less than Marcus by Goldman Sachs.

More Comparisons

Compare Bank of America's APY of 0.01% with other banks
Compare Marcus by Goldman Sachs' APY of 3.65% with other banks