Marcus by Goldman Sachs vs. Synchrony Bank
Marcus by Goldman Sachs and Synchrony Bank both offer 3.40% APY on their high-yield savings accounts. With identical rates, your choice comes down to other factors like mobile app quality, branch access, or customer service reputation.
| Metric | Marcus by Goldman SachsMarcus Online Savings Account Jun 5, 2026 | Synchrony BankHigh Yield Savings Jun 5, 2026 |
|---|---|---|
| APY | 3.40% | 3.40% |
Est. Earnings | $5,000+$170 $10,000+$340 $25,000+$850 | $5,000+$170 $10,000+$340 $25,000+$850 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.10% APY.
Comparison Analysis
Comparing Marcus by Goldman Sachs vs. Synchrony Bank
Executive Summary
Both Marcus by Goldman Sachs and Synchrony Bank offer high-yield online savings accounts with competitive APYs. Marcus leads slightly with an APY of 3.40%, while Synchrony Bank offers the same rate of 3.40%, making their rates nearly identical. Both accounts require no minimum deposit or balance, and have no maintenance fees, making them accessible options for savers. Additionally, neither bank requires direct deposit, providing flexibility for account holders. Both options are online-only, catering to those who prefer digital banking.
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 Android app (4.9 vs 4.5)
Why Synchrony Bank?
No distinct advantages found vs Marcus by Goldman Sachs.
Shared Benefits
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Marcus by Goldman Sachs vs. Synchrony Bank Savings Calculator
Both accounts earn exactly the same amount.
Marcus by Goldman Sachs
Marcus Online Savings Account
Savings Breakdown
- Interest Earned+$340.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,340.00
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$340.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,340.00
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 $339 per year in interest.
Both Marcus by Goldman Sachs and Synchrony Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Marcus by Goldman Sachs | Synchrony Bank |
|---|---|---|
| APY | 3.40% Verified: 6/5/2026 ↘︎ 0.25%90d Change | 3.40% Verified: 6/5/2026 ↘︎ 0.10%90d Change |
| Product Name | Marcus Online Savings Account | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | N/A |
| 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+ | Not Rated |
| Next Steps | Visit SiteVerify at Marcus by Goldman Sachs Non-sponsored link to official site | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Marcus by Goldman Sachs | Synchrony Bank |
|---|---|---|
| Marcus Online Savings Account | High Yield Savings | |
Current APY | 3.40% | 3.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -1.0 | -4.2 |
Days Since Change | 3 | 45 |
12-Month High | 3.65% | 3.80% |
12-Month Low | 3.40% | 3.40% |
Adjustments / Mo | 0.16 | 0.25 |
Volatility Score | 0.016 | 0.042 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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