Discover Bank vs Marcus By Goldman Sachs
High-Yield Savings Accounts Comparison
Last Updated: August 29, 2025
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Summary of Discover Bank vs. Marcus by Goldman Sachs
As of August 29, 2025 Discover Bank offers an APY of 3.50% for its Online Savings Account account, compared to Marcus by Goldman Sachs's 3.65% APY for its Marcus Online Savings Account account.
Marcus by Goldman Sachs yields $15 more than Discover Bank on a $10,000 balance after one year. Discover Bank pays $350, while Marcus by Goldman Sachs pays $365 - an APY advantage for Marcus by Goldman Sachs.
Discover Bank
Strengths
- Discover Bank has a higher App Store rating of 4.9 compared to Marcus's 4.8.
- Discover Bank has no direct deposit requirement for its savings account.
Potential Drawbacks
- Discover Bank's current APY is 3.50%, lower than Marcus's 3.65%.
- Discover Bank has a lower Google Play rating of 4.3 compared to Marcus's 4.1.
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs offers a higher APY of 3.65% compared to Discover's 3.50%.
- Marcus has no maintenance fees for its savings account.
Potential Drawbacks
- Marcus by Goldman Sachs has a lower App Store rating of 4.8 compared to Discover's 4.9.
- Marcus has a lower Google Play rating of 4.1 compared to Discover's 4.3.
Summary: Discover Bank offers a slightly better App Store rating and has no direct deposit requirement, while Marcus by Goldman Sachs provides a higher APY of 3.65%. Both banks have no maintenance fees and are BBB accredited with an A+ rating. However, Discover's Google Play rating is superior. Overall, the choice may depend on whether a higher APY or better app ratings are more important to the user.
Compare Discover Bank's vs Marcus by Goldman Sachs' Savings Accounts
| Discover Bank | Marcus by Goldman Sachs | ||
|---|---|---|---|
| Product | Online Savings Account | vs | Marcus Online Savings Account |
| APY | 3.50% (as of 8/29/2025) | 3.65% (as of 8/29/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.9/5 | 4.8/5 | |
| Google Play Rating | 4.3/5 | 4.1/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 7 Months)
| Discover Bank | Marcus by Goldman Sachs | ||
|---|---|---|---|
| Product | Online Savings Account | vs | Marcus Online Savings Account |
| Latest APY | 3.50 % | 3.65 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.3 | -4.5 | |
| Rate Changes / Mo | 0.42 | 0.28 | |
| Days Since Last Change | 66 | 95 | |
| High (-7 m) | 3.75 % | 3.90 % | |
| Low (-7 m) | 3.50 % | 3.65 % | |
| Draw-down from High | -6.7 % | -6.4 % | |
| Volatility (CV) | 0.026 | 0.027 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 215 days.
- Low (-7 m)
- Lowest APY in the last 215 days.
- Draw-down from High
- How far today sits below the 7-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 Discover Bank vs Marcus by Goldman Sachs
All calculations are based on APY.
Discover Bank
APY: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewMarcus by Goldman Sachs
APY: 3.65%
Total savings breakdown:
- Interest earned: $2,209.7 (10.93%)
- Total contributions: $13,000 (64.33%)
- Initial deposit: $5,000 (24.74%)
Your total balance
$20,209.70
Effective APY: 3.65% (based on your deposit and contributions)
Total balance: $20,209.7
Earnings: $2,209.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Discover Bank's total earnings would be $95.6 lower than Marcus by Goldman Sachs's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Discover Bank's APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Discover Bank vs Ally Bank | 3.50% | $0 |
| Discover Bank vs American Express | 3.50% | $0 |
| Discover Bank vs Axos Bank | 4.46% | $0 |
| Discover Bank vs Bank of America | 0.01% | $100 |
| Discover Bank vs Barclays | 4.10% | $0 |
| Discover Bank vs Capital One | 3.50% | $0 |
| Discover Bank vs Chase Bank | 0.01% | $0 |
| Discover Bank vs Chime | 3.75% | $0 |
| Discover Bank vs CIT Bank | 4.00% | $100 |
| Discover Bank vs Fitness Bank | 4.85% | $100 |
| Discover Bank vs Presidential Bank | 4.50% | $5,000 |
| Discover Bank vs SoFi Bank | 3.80% | $0 |
| Discover Bank vs Synchrony Bank | 3.80% | $0 |
| Discover Bank vs UFB Direct | 4.21% | $5000 |
| Discover Bank vs Varo Bank | 5.00% | $0 |
| Discover Bank vs Wells Fargo | 2.51% | $25 |
Compare Marcus by Goldman Sachs' APY of 3.65% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Marcus by Goldman Sachs vs Ally Bank | 3.50% | $0 |
| Marcus by Goldman Sachs vs American Express | 3.50% | $0 |
| Marcus by Goldman Sachs vs Axos Bank | 4.46% | $0 |
| Marcus by Goldman Sachs vs Bank of America | 0.01% | $100 |
| Marcus by Goldman Sachs vs Barclays | 4.10% | $0 |
| Marcus by Goldman Sachs vs Capital One | 3.50% | $0 |
| Marcus by Goldman Sachs vs Chase Bank | 0.01% | $0 |
| Marcus by Goldman Sachs vs Chime | 3.75% | $0 |
| Marcus by Goldman Sachs vs CIT Bank | 4.00% | $100 |
| Marcus by Goldman Sachs vs Fitness Bank | 4.85% | $100 |
| Marcus by Goldman Sachs vs Presidential Bank | 4.50% | $5,000 |
| Marcus by Goldman Sachs vs SoFi Bank | 3.80% | $0 |
| Marcus by Goldman Sachs vs Synchrony Bank | 3.80% | $0 |
| Marcus by Goldman Sachs vs UFB Direct | 4.21% | $5000 |
| Marcus by Goldman Sachs vs Varo Bank | 5.00% | $0 |
| Marcus by Goldman Sachs vs Wells Fargo | 2.51% | $25 |