Charles Schwab Bank vs. Marcus by Goldman Sachs
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Charles Schwab BankSchwab Bank Investor Savings™ Jan 16, 2026 | Marcus by Goldman SachsMarcus Online Savings Account Jan 16, 2026 |
|---|---|---|
| APY | 0.15% | 3.65% |
Est. Earnings | $5,000+$8 $10,000+$15 $25,000+$38 | $5,000+$183 $10,000+$365 $25,000+$912 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
Comparison Analysis
Comparing Charles Schwab Bank vs. Marcus by Goldman Sachs
As of Charles Schwab Bank offers an APY of 0.15% for its Schwab Bank Investor Savings™ account, with a minimum balance of $0.01, 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 pays $350 more than Charles Schwab Bank on a $10,000 balance after one year. Charles Schwab Bank pays $15, while Marcus by Goldman Sachs pays $365 - an APY advantage for Marcus by Goldman Sachs.
Why Charles Schwab Bank?
- ✓Fast transfers via Zelle®
Why Marcus by Goldman Sachs?
- ✓Higher potential APY (3.65% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.9 vs 2.9)
— 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 $15/yr).
Better Returns at $25,000
Marcus by Goldman SachsMarcus by Goldman Sachs's Marcus Online Savings Account pulls ahead with larger amounts (approx. $912 vs $38/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 $350 more interest on a $10,000 balance than Charles Schwab Bank's Schwab Bank Investor Savings™.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Marcus by Goldman Sachs offers a significant advantage with its Marcus Online Savings Account, boasting an APY of 3.65%, which is substantially higher than Charles Schwab Bank's Schwab Bank Investor Savings™ at 0.15%. Both accounts require no minimum deposit or maintenance fees and are FDIC insured. However, Marcus's account is online-only, while Schwab's account does not specify such limitations. Additionally, neither account requires direct deposit. For those seeking higher returns on their savings, Marcus by Goldman Sachs clearly stands out as the better option.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Charles Schwab Bank vs. Marcus by Goldman Sachs Savings Calculator
You earn $350 more with Marcus by Goldman Sachs than Charles Schwab Bank 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.
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$15.00(0.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,015.00
Marcus by Goldman Sachs
Marcus Online Savings Account
Savings Breakdown
- Interest Earned+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Charles Schwab Bank | Marcus by Goldman Sachs |
|---|---|---|
| APY | 0.15% Verified: 1/16/2026 Stable (90d) | 3.65% Verified: 1/16/2026 Stable (90d) |
| Product Name | Schwab Bank Investor Savings™ | Marcus Online Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android2.9 | iOS4.9 Android4.9 |
| Zelle® Support | Available Integrated into Investor Checking; high liquidity. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Charles Schwab Bank Non-sponsored link to official site | Visit SiteVerify at Marcus by Goldman Sachs Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Marcus by Goldman Sachs |
|---|---|---|
| Schwab Bank Investor Savings™ | Marcus Online Savings Account | |
Current APY | 0.15% | 3.65% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -2.0 |
Days Since Change | 350 | 233 |
12-Month High | 0.15% | 3.90% |
12-Month Low | 0.15% | 3.65% |
Adjustments / Mo | 0.00 | 0.17 |
Volatility Score | 0.000 | 0.023 |
How to read these metrics(Click to expand)
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