Marcus By Goldman Sachs vs Synchrony Bank
High-Yield Savings Accounts Comparison

Last Updated: June 20, 2025

Summary of Marcus by Goldman Sachs vs. Synchrony Bank

As of June 20, 2025 Marcus by Goldman Sachs offers an APY of 3.65% for its Marcus Online Savings Account account, compared to Synchrony Bank's 3.80% APY for its High Yield Savings account.

Synchrony Bank yields $15 more than Marcus by Goldman Sachs on a $10,000 balance after one year. Marcus by Goldman Sachs pays $365, while Synchrony Bank pays $380 - an APY advantage for Synchrony Bank.

Marcus by Goldman Sachs

Strengths

  • Marcus by Goldman Sachs has a higher BBB rating of A+.
  • Marcus Online Savings Account has no direct deposit requirement.

Potential Drawbacks

  • Current APY of 3.65% is down from 3.75% 30 days ago.
  • Marcus by Goldman Sachs has a lower App Store rating of 4.8.

Synchrony Bank

Strengths

  • Synchrony Bank offers a higher current APY of 3.80%.
  • Synchrony Bank has a higher Google Play rating of 4.6.

Potential Drawbacks

  • Synchrony Bank has no BBB rating.
  • Synchrony Bank's APY decreased from 4.00% 30 days ago.
Summary: Marcus by Goldman Sachs offers a solid BBB rating of A+, but its APY recently dropped to 3.65%. In contrast, Synchrony Bank provides a higher APY of 3.80% but lacks a BBB rating. Both banks have no maintenance fees or minimum balance requirements, though Marcus has a lower App Store rating of 4.8 compared to Synchrony's 4.6 on Google Play.

Compare Marcus by Goldman Sachs' vs Synchrony Bank's Savings Accounts

Marcus by Goldman SachsSynchrony Bank
ProductMarcus Online Savings AccountvsHigh Yield Savings
APY
3.65% (as of 6/20/2025)3.80% (as of 6/20/2025)
Bundled Account
NoNo
FDIC-insured
YesYes
Online OnlyYesYes
Compound Frequency
DailyDaily
Minimum Deposit$0$0
Minimum Balance for APY$0$0
Maintenance Fee$0$0
Direct Deposit Required
NoNo
Visit BankMarcus Online Savings AccountHigh Yield Savings
App Store Rating4.8/54.8/5
Google Play Rating4.2/54.6/5
BBB RatingA+Not Rated

Comparative Historical APY Insights (Last 5 Months)

Marcus by Goldman SachsSynchrony Bank
ProductMarcus Online Savings AccountvsHigh Yield Savings
Latest APY3.65 %3.80 %
TrendFallingSideways
Slope (bps/mo)-6.3-3.5
Rate Changes / Mo0.420.42
Days Since Last Change2418
High (-5 m)3.90 %4.10 %
Low (-5 m)3.65 %3.80 %
Draw-down from High-6.4 %-7.3 %
Volatility (CV)0.0250.019
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 5 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 (-5 m)
Highest APY in the last 144 days.
Low (-5 m)
Lowest APY in the last 144 days.
Draw-down from High
How far today sits below the 5-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 Synchrony Bank

All calculations are based on APY.

Marcus by Goldman Sachs

APY: 3.65%

Total savings breakdown:

  • Interest earned: $36.5 (3.52%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.48%)

Your total balance

$1,036.50

Effective APY: 3.65% (based on your deposit and contributions)

Total balance: $1,036.5

Earnings: $36.5

Bank Details

Synchrony Bank

APY: 3.80%

Total savings breakdown:

  • Interest earned: $38 (3.66%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.34%)

Your total balance

$1,038.00

Effective APY: 3.80% (based on your deposit and contributions)

Total balance: $1,038

Earnings: $38

Bank Details

After 1 year Marcus by Goldman Sachs would earn you $1.5 less than Synchrony Bank.

More Comparisons

Compare Marcus by Goldman Sachs' APY of 3.65% with other banks
Compare Synchrony Bank's APY of 3.80% with other banks