Marcus By Goldman Sachs vs. Sofi Bank
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of Marcus by Goldman Sachs vs. SoFi Bank
Key Metrics at a Glance
| Feature | Marcus by Goldman Sachs | SoFi Bank |
|---|---|---|
| Top Savings APY | 3.65% Marcus Online Savings Account | 4.50% SoFi Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for APY | $0 | $0 |
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs has a solid A+ BBB rating.
- Marcus Online Savings Account has no maintenance fees.
- Marcus by Goldman Sachs offers a 3.65% APY.
Potential Drawbacks
- No direct deposit option available for the savings account.
- Marcus by Goldman Sachs has no branch locations.
- Marcus by Goldman Sachs has a lower Google Play rating (4.1).
SoFi Bank
Strengths
- SoFi Bank offers a higher APY of 4.50%.
- SoFi Bank has a better Google Play rating (4.2).
- SoFi Bank also has no maintenance fees.
Potential Drawbacks
- SoFi Bank requires direct deposit or qualifying deposits for higher APY.
- SoFi Bank has no branch locations.
- SoFi Bank's A+ BBB rating is equal to Marcus by Goldman Sachs.
Summary: SoFi Bank offers a higher APY of 4.50% compared to Marcus by Goldman Sachs' 3.65%. Both banks have no maintenance fees and an A+ BBB rating. However, SoFi requires direct deposit for the higher APY, while Marcus does not offer this option. Additionally, SoFi has a slightly better Google Play rating. Both banks operate online only and lack physical branches.
→ As of October 14, 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 SoFi Bank's 4.50% APY for its SoFi Savings account, with a minimum balance of $0.
→ SoFi Bank yields $85 more than Marcus by Goldman Sachs on a $10,000 balance after one year. Marcus by Goldman Sachs pays $365, while SoFi Bank pays $450 - an APY advantage for SoFi Bank.
Calculate Savings Growth for Marcus by Goldman Sachs vs SoFi 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 OverviewSoFi Bank
APY: 4.50%
Total savings breakdown:
- Interest earned: $2,760.1 (13.30%)
- Total contributions: $13,000 (62.62%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,760.10
Effective APY: 4.50% (based on your deposit and contributions)
Total balance: $20,760.1
Earnings: $2,760.1
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 $550.4 lower than SoFi 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 SoFi Bank's Savings Accounts
| Marcus by Goldman Sachs | SoFi Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | SoFi Savings |
| APY | 3.65% (as of 10/14/2025) | 4.50% (as of 10/14/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No. Without direct deposit or "Qualifying Deposits" the APY will be significantly lower | |
| Note | Limited offer: you can earn a 0.70% APY boost for 6 months, making the total APY 4.50%. This requires either a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.1/5 | 4.2/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 9 Months)
| Marcus by Goldman Sachs | SoFi Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | SoFi Savings |
| Latest APY | 3.65 % | 4.50 % | |
| Trend | Sideways | Rising | |
| Slope (bps/mo) | -3.5 | 5.4 | |
| Rate Changes / Mo | 0.23 | 0.12 | |
| Days Since Last Change | 140 | 34 | |
| High (-9 m) | 3.90 % | 4.50 % | |
| Low (-9 m) | 3.65 % | 3.80 % | |
| Draw-down from High | -6.4 % | 0.0 % | |
| Volatility (CV) | 0.027 | 0.060 |
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 260 days.
- Low (-9 m)
- Lowest APY in the last 260 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.
More Comparisons
Compare Marcus by Goldman Sachs' APY of 3.65% with other banks
Compare SoFi Bank's APY of 4.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| SoFi Bank vs Ally Bank | 3.40% | $0 |
| SoFi Bank vs American Express | 3.50% | $0 |
| SoFi Bank vs Axos Bank | 4.51% | $0 |
| SoFi Bank vs Bank of America | 0.01% | $100 |
| SoFi Bank vs Barclays | 4.10% | $0 |
| SoFi Bank vs BrioDirect | 4.20% | $5,000 |
| SoFi Bank vs Capital One | 3.40% | $0 |
| SoFi Bank vs Chase Bank | 0.01% | $0 |
| SoFi Bank vs Chime | 3.75% | $0 |
| SoFi Bank vs CIT Bank | 3.85% | $100 |
| SoFi Bank vs Discover Bank | 3.40% | $0 |
| SoFi Bank vs Elevault | 4.34% | $0 |
| SoFi Bank vs EverBank | 4.05% | $0 |
| SoFi Bank vs Fitness Bank | 4.75% | $100 |
| SoFi Bank vs FVCbank | 4.10% | $500 |
| SoFi Bank vs GO2bank | 4.50% | $0 |
| SoFi Bank vs Neighbors Bank | 4.50% | $0 |
| SoFi Bank vs Newtek Bank | 4.35% | $0 |
| SoFi Bank vs Peak Bank | 4.20% | $100 |
| SoFi Bank vs Pibank | 4.60% | $0 |
| SoFi Bank vs Presidential Bank | 4.50% | $5,000 |
| SoFi Bank vs Santander Bank | 0.01% | $25 |
| SoFi Bank vs Synchrony Bank | 3.80% | $0 |
| SoFi Bank vs TIMBR | 4.40% | $1,000 |
| SoFi Bank vs UFB Direct | 3.96% | $5000 |
| SoFi Bank vs Varo Bank | 5.00% | $0 |
| SoFi Bank vs Wells Fargo | 0.05% | $25 |
| SoFi Bank vs Zynlo Bank | 4.20% | $10 |