Marcus by Goldman Sachs vs. Newtek Bank
Comparing Marcus by Goldman Sachs and Newtek Bank for high-yield savings: Marcus by Goldman Sachs's Marcus Online Savings Account pays 3.65% APY while Newtek Bank's Personal High Yield Savings pays 4.20% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Newtek Bank pays $55 more than Marcus by Goldman Sachs annually ($420 vs $365).
Choose Marcus by Goldman Sachs if you're an Android user, or choose Newtek Bank if getting the best rate matters most.
| Metric | Marcus by Goldman SachsMarcus Online Savings Account Mar 7, 2026 | Newtek BankPersonal High Yield Savings Mar 7, 2026 |
|---|---|---|
| APY | 3.65% | 4.20% |
Est. Earnings | $5,000+$183 $10,000+$365 $25,000+$912 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $0 | $0.01 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat iOS AppDaily CompoundingRate Changes Often |
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
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.20%, making it the top choice compared to Marcus by Goldman Sachs, which provides a Marcus Online Savings Account at 3.65% APY. Both accounts have no minimum deposit requirements and no maintenance fees, with daily compounding. Newtek Bank's product is noted for better returns at various deposit levels, particularly excelling with larger amounts. Both banks operate online-only, and neither requires direct deposit. Additionally, Marcus by Goldman Sachs is recognized for its superior mobile app experience.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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 (4.20% 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. $420 vs $365/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $912/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.20% 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 $55 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Marcus by Goldman Sachs vs. Newtek Bank Savings Calculator
You earn $55 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+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $364 per year in interest.
Both Marcus by Goldman Sachs and Newtek Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Marcus by Goldman Sachs | Newtek Bank |
|---|---|---|
| APY | 3.65% Verified: 3/7/2026 Stable (90d) | 4.20% Verified: 3/7/2026 ↘︎ 0.15%90d Change |
| 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 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| 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% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.1 | -1.0 |
Days Since Change | 283 | 29 |
12-Month High | 3.90% | 4.45% |
12-Month Low | 3.65% | 4.20% |
Adjustments / Mo | 0.16 | 0.16 |
Volatility Score | 0.016 | 0.013 |
How to read these metrics(Click to expand)
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