Marcus By Goldman Sachs vs. Synchrony Bank
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of Marcus by Goldman Sachs vs. Synchrony Bank
Key Metrics at a Glance
| Feature | Marcus by Goldman Sachs | Synchrony Bank |
|---|---|---|
| Top Savings APY | 3.65% Marcus Online Savings Account | 3.80% High Yield Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for APY | $0 | $0 |
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs has an A+ BBB rating, indicating strong trustworthiness.
- Marcus Online Savings Account has no direct deposit requirement.
- Marcus by Goldman Sachs has a solid App Store rating of 4.8.
Potential Drawbacks
- Marcus Online Savings Account's APY is lower than Synchrony Bank's at 3.65%.
- Marcus by Goldman Sachs has a lower Google Play rating of 4.1 compared to Synchrony Bank.
Synchrony Bank
Strengths
- Synchrony Bank offers a higher APY of 3.80% for its High Yield Savings account.
- Synchrony Bank has a higher Google Play rating of 4.5.
Potential Drawbacks
- Synchrony Bank is not rated by the BBB, which may raise trust concerns.
- Synchrony Bank also has no direct deposit requirement.
→ 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 Synchrony Bank's 3.80% APY for its High Yield Savings account, with a minimum balance of $0.
→ 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.
Calculate Savings Growth for Marcus by Goldman Sachs vs Synchrony Bank
Marcus by Goldman Sachs
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 OverviewSynchrony Bank
Total savings breakdown:
- Interest earned: $2,305.9 (11.36%)
- Total contributions: $13,000 (64.02%)
- Initial deposit: $5,000 (24.62%)
Your total balance
$20,305.90
Total balance: $20,305.9
Earnings: $2,305.9
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 $96.2 lower than Synchrony 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 Synchrony Bank's Savings Accounts
| Marcus by Goldman Sachs | Synchrony Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | High Yield Savings |
| APY | 3.65% (as of 10/14/2025) | 3.80% (as of 10/14/2025) | |
| Bundled Account | No | No | |
| 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 | |
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.1/5 | 4.5/5 | |
| BBB Rating | A+ | Not Rated |
Comparative Historical APY Insights (Last 9 Months)
| Marcus by Goldman Sachs | Synchrony Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | High Yield Savings |
| Latest APY | 3.65 % | 3.80 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -3.5 | -3.6 | |
| Rate Changes / Mo | 0.23 | 0.23 | |
| Days Since Last Change | 140 | 134 | |
| High (-9 m) | 3.90 % | 4.10 % | |
| Low (-9 m) | 3.65 % | 3.80 % | |
| Draw-down from High | -6.4 % | -7.3 % | |
| Volatility (CV) | 0.027 | 0.027 |
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.