Charles Schwab Bank vs. Marcus by Goldman Sachs
Compare rates, requirements, and features side-by-side to find the best option for you.
Charles Schwab Bank
Schwab Bank Investor Savings™
0.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessShow Fine Print & Trends Hide Details
Charles Schwab Bank
Schwab Bank Investor Savings™
Marcus by Goldman Sachs
Marcus Online Savings Account
3.65%APYDec 10, 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.
Charles Schwab Bank vs. Marcus by Goldman Sachs Savings Calculator
Marcus by Goldman Sachs earns $2,123.6 more than Charles Schwab Bank.
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$86.10(0.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,086.10
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.
Comparison Analysis
Comparing Charles Schwab Bank vs. Marcus by Goldman Sachs
Why Charles Schwab Bank?
No distinct advantages found vs Marcus by Goldman Sachs.
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 (4.4 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
Marcus by Goldman Sachs offers a significantly higher APY of 3.65% with its Marcus Online Savings Account, making it the clear winner compared to Charles Schwab Bank's Schwab Bank Investor Savings™, which provides a much lower APY of 0.15%. Both accounts have no minimum deposit requirements, no maintenance fees, and are FDIC insured. However, Marcus's account is online-only, while Schwab's account is not. Additionally, neither account requires direct deposit, enhancing their accessibility.
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 Charles Schwab Bank and Marcus by Goldman Sachs.
| Feature | Charles Schwab Bank | Marcus by Goldman Sachs |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 3.65% Verified: 12/10/2025 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 Android4.4 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 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 | -2.4 |
Days Since Change | 314 | 196 |
10-Month High | 0.15% | 3.90% |
10-Month Low | 0.15% | 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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