Marcus By Goldman Sachs vs Peak Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Marcus by Goldman Sachs vs. Peak Bank
As of September 5, 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 Peak Bank's 4.35% APY for its Envision High Yield Savings account, with a minimum balance of .
Peak Bank yields $70 more than Marcus by Goldman Sachs on a $10,000 balance after one year. Marcus by Goldman Sachs pays $365, while Peak Bank pays $435 - an APY advantage for Peak Bank.
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs has no minimum deposit requirement.
- Marcus by Goldman Sachs charges no maintenance fees.
- Marcus by Goldman Sachs has an App Store rating of 4.8.
Potential Drawbacks
- Marcus by Goldman Sachs offers a lower APY of 3.65% compared to Peak Bank.
- Marcus by Goldman Sachs has no branches available.
Peak Bank
Strengths
- Peak Bank offers a higher APY of 4.35%.
- Peak Bank has a Google Play rating of 4.6.
Potential Drawbacks
- Peak Bank requires a minimum deposit of $100.
- Peak Bank is not BBB Accredited despite having an A+ rating.
Summary: Peak Bank provides a higher APY of 4.35% compared to Marcus by Goldman Sachs' 3.65%. However, Peak Bank requires a minimum deposit of $100, while Marcus has no minimum. Both banks have an A+ BBB rating, but only Marcus is accredited. Additionally, Marcus has a strong App Store rating of 4.8, while Peak Bank's Google Play rating is slightly higher at 4.6.
Compare Marcus by Goldman Sachs' vs Peak Bank's Savings Accounts
| Marcus by Goldman Sachs | Peak Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | Envision High Yield Savings |
| APY | 3.65% (as of 9/5/2025) | 4.35% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $100 | |
| Minimum Balance for APY | $0 | N/A | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.1/5 | 4.6/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 7 Months)
| Marcus by Goldman Sachs | Peak Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | Envision High Yield Savings |
| Latest APY | 3.65 % | 4.35 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.2 | -2.2 | |
| Rate Changes / Mo | 0.30 | 0.44 | |
| Days Since Last Change | 100 | 35 | |
| High (-7 m) | 3.90 % | 4.54 % | |
| Low (-7 m) | 3.65 % | 4.35 % | |
| Draw-down from High | -6.4 % | -4.2 % | |
| Volatility (CV) | 0.025 | 0.016 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 203 days.
- Low (-7 m)
- Lowest APY in the last 203 days.
- Draw-down from High
- How far today sits below the 7-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 Marcus by Goldman Sachs vs Peak Bank
All calculations are based on APY.
Marcus by Goldman Sachs
APY: 3.65%
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
Effective APY: 3.65% (based on your deposit and contributions)
Total balance: $20,209.7
Earnings: $2,209.7
Bank OverviewPeak Bank
APY: 4.35%
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
Effective APY: 4.35% (based on your deposit and contributions)
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 Peak Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Marcus by Goldman Sachs' APY of 3.65% with other banks
Compare Peak Bank's APY of 4.35% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Peak Bank vs Ally Bank | 3.50% | $0 |
| Peak Bank vs American Express | 3.50% | $0 |
| Peak Bank vs Axos Bank | 4.46% | $0 |
| Peak Bank vs Bank of America | 0.01% | $100 |
| Peak Bank vs Barclays | 4.10% | $0 |
| Peak Bank vs BrioDirect | 4.30% | $5,000 |
| Peak Bank vs Capital One | 3.50% | $0 |
| Peak Bank vs Chase Bank | 0.01% | $0 |
| Peak Bank vs Chime | 3.75% | $0 |
| Peak Bank vs CIT Bank | 4.00% | $100 |
| Peak Bank vs Discover Bank | 3.50% | $0 |
| Peak Bank vs Elevault | 4.60% | $0 |
| Peak Bank vs EverBank | 4.30% | $0 |
| Peak Bank vs Fitness Bank | 4.75% | $100 |
| Peak Bank vs FVCbank | 4.35% | $500 |
| Peak Bank vs GO2bank | 4.50% | $0 |
| Peak Bank vs Neighbors Bank | 4.60% | $0 |
| Peak Bank vs Newtek Bank | 4.35% | $0 |
| Peak Bank vs Pibank | 4.60% | $0 |
| Peak Bank vs Presidential Bank | 4.50% | $5,000 |
| Peak Bank vs Santander Bank | 0.03% | $25 |
| Peak Bank vs SoFi Bank | 3.80% | $0 |
| Peak Bank vs Synchrony Bank | 3.80% | $0 |
| Peak Bank vs TIMBR | 4.40% | $1,000 |
| Peak Bank vs UFB Direct | 4.21% | $5000 |
| Peak Bank vs Varo Bank | 5.00% | $0 |
| Peak Bank vs Wells Fargo | 2.51% | $25 |
| Peak Bank vs Zynlo Bank | 4.35% | $10 |