Discover Bank vs Marcus By Goldman Sachs
High-Yield Savings Accounts Comparison
Last Updated: June 20, 2025
Summary of Discover Bank vs. Marcus by Goldman Sachs
As of June 20, 2025 Discover Bank offers an APY of 3.60% 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 $5 more than Discover Bank on a $10,000 balance after one year. Discover Bank pays $360, while Marcus by Goldman Sachs pays $365 - an APY advantage for Marcus by Goldman Sachs.
Discover Bank
Strengths
- Discover Bank offers a higher APY of 3.60% compared to Marcus's 3.65%.
- Discover Bank has a higher App Store rating of 4.9 versus Marcus's 4.8.
- Discover Bank is BBB Accredited with an A+ rating.
Potential Drawbacks
- Discover Bank's APY has remained the same at 3.60% over the last 30 days.
- Discover Bank has no physical branches.
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs offers a competitive APY of 3.65%, though it decreased from 3.75% last month.
- Marcus has a Google Play rating of 4.2, slightly lower than Discover's 4.3.
Potential Drawbacks
- Marcus does not have BBB Accreditation despite its A+ rating.
- Marcus by Goldman Sachs has no physical branches.
Summary: Discover Bank offers a slightly higher APY of 3.60% with an A+ BBB Accreditation, while Marcus by Goldman Sachs has a marginally lower APY of 3.65% but has seen a recent decrease. Both banks are online-only with no branches, but Discover has a better App Store rating. Marcus lacks BBB Accreditation, which may be a consideration for some customers.
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 | 3.60% (as of 6/20/2025) | 3.65% (as of 6/20/2025) | |
| 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 | |
| Visit Bank | Online Savings Account | Marcus Online Savings Account | |
| App Store Rating | 4.9/5 | 4.8/5 | |
| Google Play Rating | 4.3/5 | 4.2/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 5 Months)
| Discover Bank | Marcus by Goldman Sachs | ||
|---|---|---|---|
| Product | Online Savings Account | vs | Marcus Online Savings Account |
| Latest APY | 3.60 % | 3.65 % | |
| Trend | Sideways | Falling | |
| Slope (bps/mo) | -4.2 | -6.3 | |
| Rate Changes / Mo | 0.42 | 0.42 | |
| Days Since Last Change | 60 | 24 | |
| High (-5 m) | 3.75 % | 3.90 % | |
| Low (-5 m) | 3.60 % | 3.65 % | |
| Draw-down from High | -4.0 % | -6.4 % | |
| Volatility (CV) | 0.017 | 0.025 |
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 Discover Bank vs Marcus by Goldman Sachs
All calculations are based on APY.
Discover Bank
APY: 3.60%
Total savings breakdown:
- Interest earned: $36 (3.47%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.53%)
Your total balance
$1,036.00
Effective APY: 3.60% (based on your deposit and contributions)
Total balance: $1,036
Earnings: $36
Bank DetailsMarcus 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 DetailsAfter 1 year Discover Bank would earn you $0.5 less than Marcus by Goldman Sachs.
More Comparisons
Compare Discover Bank's APY of 3.60% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Discover Bank vs Ally Bank | 3.50% | $0 |
| Discover Bank vs American Express | 3.60% | $0 |
| Discover Bank vs Axos Bank | 4.66% | $0 |
| Discover Bank vs Bank of America | 0.01% | $100 |
| Discover Bank vs Barclays | 4.10% | $0 |
| Discover Bank vs Capital One | 3.60% | $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 | 5.00% | $100 |
| Discover Bank vs SoFi Bank | 3.80% | $0 |
| Discover Bank vs Synchrony Bank | 3.80% | $0 |
| Discover Bank vs Varo Bank | 5.00% | $0 |
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 | 3.60% | $0 |
| Marcus by Goldman Sachs vs Axos Bank | 4.66% | $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 | 3.60% | $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 | 5.00% | $100 |
| 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 Varo Bank | 5.00% | $0 |