Marcus By Goldman Sachs vs. Newtek Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Marcus by Goldman Sachs vs. Newtek Bank
Key Metrics at a Glance
| Feature | Marcus by Goldman Sachs | Newtek Bank |
|---|---|---|
| Top Savings APY | 3.65% Marcus Online Savings Account | 4.35% Personal High Yield Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0.01 |
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs offers a $0 minimum deposit and balance requirement.
- Marcus by Goldman Sachs has a high App Store rating of 4.8.
Potential Drawbacks
- Marcus by Goldman Sachs's APY is lower at 3.65% compared to Newtek Bank.
- Marcus by Goldman Sachs has no branches available.
Newtek Bank
Strengths
- Newtek Bank offers a higher APY of 4.35% for its savings account.
- Newtek Bank is BBB Accredited, indicating compliance with standards.
Potential Drawbacks
- Newtek Bank requires a minimum balance of $0.01 for its savings account.
- Newtek Bank has a lower App Store rating of 4.5.
→ As of October 21, 2025 Marcus by Goldman Sachs offers an APY of 3.65% for its Marcus Online Savings Account, with a minimum balance of $0, compared to Newtek Bank's 4.35% APY for its Personal High Yield Savings account, with a minimum balance of $0.01.
→ Newtek Bank yields $70 more than Marcus by Goldman Sachs on a $10,000 balance after one year. Marcus by Goldman Sachs pays $365, while Newtek Bank pays $435 - an APY advantage for Newtek Bank.
Calculate Savings Growth for Marcus by Goldman Sachs vs Newtek Bank
Marcus by Goldman Sachs - Marcus Online Savings Account
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
Total balance: $20,209.7
Earnings: $2,209.7
Bank OverviewNewtek Bank - Personal High Yield Savings
Total savings breakdown:
- Interest earned: $2,662 (12.88%)
- Total contributions: $13,000 (62.92%)
- Initial deposit: $5,000 (24.20%)
Your total balance
$20,662.00
Total balance: $20,662
Earnings: $2,662
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Marcus by Goldman Sachs's total earnings would be $452.3 lower than Newtek Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Marcus by Goldman Sachs' vs Newtek Bank's Savings Accounts
| Marcus by Goldman Sachs | Newtek Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | Personal High Yield Savings |
| APY | 3.65% (as of 10/21/2025) | 4.35% (as of 10/21/2025) | |
| 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 | $0.01 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.8/5 | 4.5/5 | |
| Google Play Rating | 4.1/5 | 4.2/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 9 Months)
| Marcus by Goldman Sachs | Newtek Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | Personal High Yield Savings |
| Latest APY | 3.65 % | 4.35 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -3.3 | -1.8 | |
| Rate Changes / Mo | 0.22 | 0.22 | |
| Days Since Last Change | 146 | 193 | |
| High (-9 m) | 3.90 % | 4.55 % | |
| Low (-9 m) | 3.65 % | 4.35 % | |
| Draw-down from High | -6.4 % | -4.4 % | |
| Volatility (CV) | 0.026 | 0.014 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 267 days.
- Low (-9 m)
- Lowest APY in the last 267 days.
- Draw-down from High
- How far today sits below the 9-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.