Marcus By Goldman Sachs vs. Peak 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. Peak Bank
Key Metrics at a Glance
| Feature | Marcus by Goldman Sachs | Peak Bank |
|---|---|---|
| Top Savings APY | 3.65% Marcus Online Savings Account | 4.20% Envision High Yield Savings |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $0 |
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs has a high App Store rating of 4.8.
- No maintenance fees for the Marcus Online Savings Account.
- Current APY of 3.65% has remained stable over the past 30 days.
Potential Drawbacks
- Marcus by Goldman Sachs offers a lower APY compared to Peak Bank.
- No physical branches available for Marcus by Goldman Sachs.
Peak Bank
Strengths
- Peak Bank offers a higher current APY of 4.20%.
- Peak Bank has a higher Google Play rating of 4.7.
- No maintenance fees for the Envision High Yield Savings account.
Potential Drawbacks
- Peak Bank's APY decreased from 4.35% in the last 30 days.
- Peak Bank is not BBB accredited despite an A+ rating.
- Minimum deposit requirement of $100 for the Envision High Yield Savings account.
→ 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 Peak Bank's 4.20% APY for its Envision High Yield Savings account, with a minimum balance of .
→ Peak Bank yields $55 more than Marcus by Goldman Sachs on a $10,000 balance after one year. Marcus by Goldman Sachs pays $365, while Peak Bank pays $420 - an APY advantage for Peak Bank.
Calculate Savings Growth for Marcus by Goldman Sachs vs Peak 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 OverviewPeak Bank - Envision High Yield Savings
Total savings breakdown:
- Interest earned: $2,564.3 (12.47%)
- Total contributions: $13,000 (63.22%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,564.30
Total balance: $20,564.3
Earnings: $2,564.3
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 $354.6 lower than Peak 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 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 10/21/2025) | 4.20% (as of 10/21/2025) | |
| 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 | 4.7/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 8 Months)
| Marcus by Goldman Sachs | Peak Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | Envision High Yield Savings |
| Latest APY | 3.65 % | 4.20 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -3.1 | -3.1 | |
| Rate Changes / Mo | 0.24 | 0.48 | |
| Days Since Last Change | 146 | 20 | |
| High (-8 m) | 3.90 % | 4.54 % | |
| Low (-8 m) | 3.65 % | 4.20 % | |
| Draw-down from High | -6.4 % | -7.5 % | |
| Volatility (CV) | 0.024 | 0.022 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 250 days.
- Low (-8 m)
- Lowest APY in the last 250 days.
- Draw-down from High
- How far today sits below the 8-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.