Marcus By Goldman Sachs vs Varo Money
High-Yield Savings Accounts Comparison
Last Updated: July 7, 2025
Summary of Marcus by Goldman Sachs vs. Varo Bank
As of July 7, 2025 Marcus by Goldman Sachs offers an APY of 3.65% for its Marcus Online Savings Account account, compared to Varo Bank's 5.00% APY for its High-Yield Savings Account account.
Varo Bank yields $10 more than Marcus by Goldman Sachs on a $10,000 balance after one year. Marcus by Goldman Sachs pays $365, while Varo Bank pays $375 (with an effective APY of 3.75%) - an APY advantage for Varo Bank.
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs offers a competitive APY of 3.65%.
- No direct deposit requirement for the Marcus Online Savings Account.
- Marcus has a strong BBB rating of A+.
Potential Drawbacks
- Marcus's APY has remained unchanged at 3.65% over the last 30 days.
- Marcus has no physical branches available.
Varo Bank
Strengths
- Varo Bank offers a higher APY of 5.00% on its High-Yield Savings Account.
- Varo Bank has an excellent App Store rating of 4.9.
Potential Drawbacks
- Varo requires a direct deposit of at least $1,000/month to earn the highest APY.
- Varo's BBB rating is lower at A-.
Summary: Varo Bank provides a significantly higher APY of 5.00% for its High-Yield Savings Account, but it requires a direct deposit. In contrast, Marcus by Goldman Sachs offers a stable APY of 3.65% without direct deposit requirements and boasts a higher BBB rating of A+. Both banks operate online-only without physical branches, but Varo has a better App Store rating while Marcus excels in BBB trustworthiness.
Compare Marcus by Goldman Sachs' vs Varo Bank's Savings Accounts
| Marcus by Goldman Sachs | Varo Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | High-Yield Savings Account |
| APY | 3.65% (as of 7/7/2025) | 2.50% - 5.00% (as of 7/7/2025) | |
| 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 | $0.01 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | Yes. Min. $1,000/month | |
| Note | N/A | Earn 5.00% APY on up to $5,000 and 2.50% APY on the rest. Direct deposit required. | |
| Visit Bank | Marcus Online Savings Account | High-Yield Savings Account | |
| App Store Rating | 4.8/5 | 4.9/5 | |
| Google Play Rating | 4.2/5 | 4.7/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 5 Months)
| Marcus by Goldman Sachs | Varo Bank | ||
|---|---|---|---|
| Product | Marcus Online Savings Account | vs | High-Yield Savings Account |
| Latest APY | 3.65 % | 5.00 % | |
| Trend | Falling | Sideways | |
| Slope (bps/mo) | -6.0 | 0.0 | |
| Rate Changes / Mo | 0.38 | 0.00 | |
| Days Since Last Change | 40 | 160 | |
| High (-5 m) | 3.90 % | 5.00 % | |
| Low (-5 m) | 3.65 % | 5.00 % | |
| Draw-down from High | -6.4 % | 0.0 % | |
| Volatility (CV) | 0.026 | 0.000 |
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 160 days.
- Low (-5 m)
- Lowest APY in the last 160 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 Varo 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 DetailsVaro Bank
APY: 5.00%
Total savings breakdown:
- Interest earned: $50 (4.76%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (95.24%)
Your total balance
$1,050.00
Effective APY: 5.00% (based on your deposit and contributions)
Total balance: $1,050
Earnings: $50
Bank DetailsAfter 1 year Marcus by Goldman Sachs would earn you $13.5 less than Varo Bank.
More Comparisons
Compare Marcus by Goldman Sachs' APY of 3.65% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Marcus by Goldman Sachs vs Ally Bank | 3.50% | $0 |
| Marcus by Goldman Sachs vs American Express | 3.60% | $0 |
| Marcus by Goldman Sachs vs Axos Bank | 4.66% | $0 |
| Marcus by Goldman Sachs vs Bank of America | 0.01% | $100 |
| Marcus by Goldman Sachs vs Barclays | 4.10% | $0 |
| Marcus by Goldman Sachs vs Capital One | 3.50% | $0 |
| Marcus by Goldman Sachs vs Chase Bank | 0.01% | $0 |
| Marcus by Goldman Sachs vs Chime | 3.75% | $0 |
| Marcus by Goldman Sachs vs CIT Bank | 4.00% | $100 |
| Marcus by Goldman Sachs vs Discover Bank | 3.50% | $0 |
| Marcus by Goldman Sachs vs Fitness Bank | 5.00% | $100 |
| Marcus by Goldman Sachs vs SoFi Bank | 3.80% | $0 |
| Marcus by Goldman Sachs vs Synchrony Bank | 3.80% | $0 |
Compare Varo Bank's APY of 5.00% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Varo Bank vs Ally Bank | 3.50% | $0 |
| Varo Bank vs American Express | 3.60% | $0 |
| Varo Bank vs Axos Bank | 4.66% | $0 |
| Varo Bank vs Bank of America | 0.01% | $100 |
| Varo Bank vs Barclays | 4.10% | $0 |
| Varo Bank vs Capital One | 3.50% | $0 |
| Varo Bank vs Chase Bank | 0.01% | $0 |
| Varo Bank vs Chime | 3.75% | $0 |
| Varo Bank vs CIT Bank | 4.00% | $100 |
| Varo Bank vs Discover Bank | 3.50% | $0 |
| Varo Bank vs Fitness Bank | 5.00% | $100 |
| Varo Bank vs SoFi Bank | 3.80% | $0 |
| Varo Bank vs Synchrony Bank | 3.80% | $0 |