Marcus By Goldman Sachs vs Varo Money
High-Yield Savings Accounts Comparison
Last Updated: June 16, 2025
Summary of Marcus by Goldman Sachs vs. Varo Bank
As of June 16, 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 has no direct deposit requirement for its savings account.
- The Marcus Online Savings Account has a competitive APY of 3.65%.
- Marcus by Goldman Sachs has a high App Store rating of 4.8.
Potential Drawbacks
- The APY decreased from 3.75% to 3.65% in the last 30 days.
- Marcus by Goldman Sachs has no physical branches.
- Marcus by Goldman Sachs has a lower Google Play rating of 4.2.
Varo Bank
Strengths
- Varo Bank offers a high APY of 5.00% on its High-Yield Savings Account.
- Varo Bank has a strong Google Play rating of 4.7.
- Varo Bank is BBB Accredited with an A- rating.
Potential Drawbacks
- Varo Bank requires a minimum direct deposit of $1,000/month for the highest APY.
- Varo Bank has no physical branches.
- Varo Bank's APY has not changed recently, remaining at 5.00%.
Summary: Marcus by Goldman Sachs offers a 3.65% APY without a direct deposit requirement, while Varo Bank provides a higher 5.00% APY but mandates a $1,000 monthly direct deposit. Both banks are online-only, but Varo has better ratings on Google Play and is BBB Accredited. Marcus's APY recently dropped, whereas Varo's APY has remained stable.
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 6/16/2025) | 2.50% - 5.00% (as of 6/16/2025) | |
| 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) | -6.3 | 0.0 | |
| Rate Changes / Mo | 0.43 | 0.00 | |
| Days Since Last Change | 19 | 138 | |
| High (-5 m) | 3.90 % | 5.00 % | |
| Low (-5 m) | 3.65 % | 5.00 % | |
| Draw-down from High | -6.4 % | 0.0 % | |
| Volatility (CV) | 0.024 | 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 139 days.
- Low (-5 m)
- Lowest APY in the last 139 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 | 3.60% | $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 | 4.20% | $0 |
| Marcus by Goldman Sachs vs Capital One | 3.60% | $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 | 3.60% | $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 | 3.60% | $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 | 4.20% | $0 |
| Varo Bank vs Capital One | 3.60% | $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 | 3.60% | $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 |