Marcus by Goldman Sachs vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Marcus by Goldman SachsMarcus Online Savings Account Jan 21, 2026 | Newtek BankPersonal High Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.65% | 4.35% |
Est. Earnings | $5,000+$183 $10,000+$365 $25,000+$912 | $5,000+$217 $10,000+$435 $25,000+$1,088 |
Min Deposit | $0 | $0.01 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
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
As of 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 pays $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.
Why Marcus by Goldman Sachs?
- ✓Higher rated iOS app (4.9 vs 4.5)
- ✓Higher rated Android app (4.9 vs 4.0)
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. $1088 vs $912/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 4.9 (vs. 4.5) and Android app rated 4.9 (vs. 4.0)
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.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Newtek Bank offers the highest APY with its Personal High Yield Savings account at 4.35%, making it a strong choice for savers. This account requires a minimum deposit of just $0.01 and has no maintenance fees, providing better returns compared to Marcus by Goldman Sachs, which offers a Marcus Online Savings Account with an APY of 3.65%. Both accounts are online-only and do not require direct deposit, but Newtek Bank stands out for its simplicity and higher yield. For those considering savings options, Newtek Bank is the clear winner.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
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Marcus by Goldman Sachs vs. Newtek Bank Savings Calculator
You earn $70 more with Newtek Bank than Marcus by Goldman Sachs on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Marcus by Goldman Sachs
Marcus Online Savings Account
Savings Breakdown
- Interest Earned+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$435.00(4.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,435.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Marcus by Goldman Sachs | Newtek Bank |
|---|---|---|
| APY | 3.65% Verified: 1/21/2026 Stable (90d) | 4.35% Verified: 1/21/2026 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 | iOS4.9 Android4.9 | iOS4.5 Android4.0 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Marcus by Goldman Sachs Non-sponsored link to official site | Visit SiteVerify at Newtek Bank Non-sponsored link to official site |
📈 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) | -2.0 | -1.0 |
Days Since Change | 238 | 285 |
12-Month High | 3.90% | 4.55% |
12-Month Low | 3.65% | 4.35% |
Adjustments / Mo | 0.17 | 0.17 |
Volatility Score | 0.024 | 0.012 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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