Marcus by Goldman Sachs vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Marcus by Goldman Sachs
Marcus Online Savings Account
3.65%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Marcus by Goldman Sachs
Marcus Online Savings Account
Newtek Bank
Personal High Yield Savings
4.35%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Newtek Bank
Personal High Yield Savings
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Marcus by Goldman Sachs vs. Newtek Bank
Why Marcus by Goldman Sachs?
- ✓Higher rated iOS app (4.8 vs 4.5)
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 3.65%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $365/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1087 vs $913/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.35% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Marcus by Goldman SachsMarcus by Goldman Sachs offers an iOS app rated 4.8 (vs. 4.5) and Android app rated 4.2 (vs. 4.2)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $70 more interest on a $10,000 balance than Marcus by Goldman Sachs's Marcus Online Savings Account.
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.35%, making it the winner in this comparison. This account requires a minimum deposit of just $0.01 and has no maintenance fees, providing better returns on both smaller and larger deposits compared to competitors. In contrast, Marcus by Goldman Sachs features an Online Savings Account with a lower APY of 3.65%. While Marcus boasts a highly rated mobile app experience, its savings account is online-only and does not require direct deposit, similar to Newtek Bank. Overall, Newtek Bank stands out for its higher yield and simplicity.
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 Marcus by Goldman Sachs and Newtek Bank.
| Feature | Marcus by Goldman Sachs | Newtek Bank |
|---|---|---|
| APY | 3.65% Verified: 12/6/2025 Stable (90d) | 4.35% Verified: 12/6/2025 Stable (90d) |
| Product Name | Marcus Online Savings Account | Personal High Yield Savings |
| Minimum Deposit | $0 | $0.01 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.2 | iOS4.5 Android4.2 |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
Newtek Bank earns $452.3 more than Marcus by Goldman Sachs.
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
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$2,662.00(12.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,662.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Marcus by Goldman Sachs | Newtek Bank |
|---|---|---|
| Marcus Online Savings Account | Personal High Yield Savings | |
Current APY | 3.65% | 4.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.5 | -1.3 |
Days Since Change | 192 | 239 |
10-Month High | 3.90% | 4.55% |
10-Month Low | 3.65% | 4.35% |
Adjustments / Mo | 0.19 | 0.19 |
Volatility Score | 0.025 | 0.013 |
How to read these metrics(Click to expand)
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