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

Last Updated: July 15, 2025

Summary of Bank of America vs. Marcus by Goldman Sachs

As of July 15, 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 higher App Store rating at 4.8.
  • Bank of America offers a savings account with a low minimum deposit of $100.

Potential Drawbacks

  • Bank of America's Advantage Savings has a very low APY of 0.01%.
  • Bank of America charges an $8 monthly maintenance fee unless conditions are met.

Marcus by Goldman Sachs

Strengths

  • Marcus by Goldman Sachs offers a competitive APY of 3.65%.
  • Marcus by Goldman Sachs has no maintenance fees or minimum balance requirements.

Potential Drawbacks

  • Marcus by Goldman Sachs has a lower Google Play rating at 4.1.
Summary: Marcus by Goldman Sachs provides a significantly higher APY of 3.65% compared to Bank of America's 0.01%, along with no fees or minimum balance requirements. However, Bank of America has a higher App Store rating, indicating potentially better user experience. While Bank of America has a low minimum deposit, its monthly maintenance fee could be a drawback for some customers.

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 7/15/2025)3.65% (as of 7/16/2025)
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 Rating4.6/54.1/5
BBB RatingAA+

Comparative Historical APY Insights (Last 6 Months)

Bank of AmericaMarcus by Goldman Sachs
ProductAdvantage SavingsvsMarcus Online Savings Account
Latest APY0.01 %3.65 %
TrendSidewaysFalling
Slope (bps/mo)0.0-5.7
Rate Changes / Mo0.000.36
Days Since Last Change16849
High (-6 m)0.01 %3.90 %
Low (-6 m)0.01 %3.65 %
Draw-down from High0.0 %-6.4 %
Volatility (CV)0.0000.026
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 168 days.
Low (-6 m)
Lowest APY in the last 168 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.

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