Marcus By Goldman Sachs vs. Santander 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. Santander Bank
Key Metrics at a Glance
| Feature | Marcus by Goldman Sachs | Santander Bank |
|---|---|---|
| Top Savings APY | 3.65% Marcus Online Savings Account | 0.01% Santander Savings |
| Minimum to Open | $0 | $25 |
| Minimum Balance for Top APY | $0 | $0 |
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs offers a competitive APY of 3.65%.
- Marcus has an A+ BBB rating, indicating strong trustworthiness.
- No maintenance fees or minimum balance requirements.
Potential Drawbacks
- Marcus has no physical branches available.
Santander Bank
Strengths
- Santander Bank has physical branches primarily in the Northeast and Miami.
Potential Drawbacks
- Santander's APY is significantly lower at 0.01%.
- Santander charges a $1 maintenance fee.
- Santander is not BBB accredited and has no rating.
→ 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 Santander Bank's 0.01% APY for its Santander Savings account, with a minimum balance of $0.
→ Marcus by Goldman Sachs yields $364 more than Santander Bank on a $10,000 balance after one year. Marcus by Goldman Sachs pays $365, while Santander Bank pays $1 - an APY advantage for Marcus by Goldman Sachs.
Calculate Savings Growth for Marcus by Goldman Sachs vs Santander 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 OverviewSantander Bank - Santander Savings
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
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 $2,204 higher than Santander 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 Santander Bank's Savings Accounts
| Marcus by Goldman Sachs | Santander Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | Santander Savings |
| APY | 3.65% (as of 10/21/2025) | 0.01% (as of 10/21/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $25 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $1 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.1/5 | 4.1/5 | |
| BBB Rating | A+ | Not Rated |
Comparative Historical APY Insights (Last 9 Months)
| Marcus by Goldman Sachs | Santander Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | Santander Savings |
| Latest APY | 3.65 % | 0.01 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -3.3 | -0.1 | |
| Rate Changes / Mo | 0.22 | 0.11 | |
| Days Since Last Change | 146 | 32 | |
| High (-9 m) | 3.90 % | 0.03 % | |
| Low (-9 m) | 3.65 % | 0.01 % | |
| Draw-down from High | -6.4 % | -66.7 % | |
| Volatility (CV) | 0.026 | 0.234 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 267 days.
- Low (-9 m)
- Lowest APY in the last 267 days.
- Draw-down from High
- How far today sits below the 9-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.