Bank of America vs. Marcus by Goldman Sachs
Bank of America's Advantage Savings pays 0.04% APY while Marcus by Goldman Sachs's Marcus Online Savings Account pays 3.40% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Marcus by Goldman Sachs pays $336 more than Bank of America annually ($340 vs $4).
Choose Bank of America if you want Zelle for quick transfers. Choose Marcus by Goldman Sachs if getting the best rate matters most.
| Metric | Bank of AmericaAdvantage Savings Sep 4, 2026 | Marcus by Goldman SachsMarcus Online Savings Account Sep 4, 2026 |
|---|---|---|
| APY | 0.04% | 3.40% |
Earns in a year | $5,000+$2 $10,000+$4 $25,000+$10 | $5,000+$170 $10,000+$340 $25,000+$850 |
Min. Deposit | $100 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | - |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingStable Rate |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Comparison Analysis
Comparing Bank of America vs. Marcus by Goldman Sachs
Executive Summary
Marcus by Goldman Sachs offers a significantly higher APY of 3.40% on its Marcus Online Savings Account, making it a superior choice compared to Bank of America's Advantage Savings, which has a consistent APY of 0.04%. The Marcus account is online-only and requires no minimum balance or maintenance fees, providing a straightforward savings option. In contrast, Bank of America’s account requires a minimum deposit of $10,000 and has a monthly maintenance fee of $8, although this may be waived under certain conditions. Overall, for those seeking higher returns and simplicity, Marcus by Goldman Sachs is the clear winner.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Bank of America?
- Offers 3 different high-yield savings options
- Fast transfers via Zelle® (up to $3,500 a day)
Why Marcus by Goldman Sachs?
- Higher potential APY (3.40% vs 0.01%-0.04%) on all balances
- No checking account or direct deposit required
Key Feature Differences
Better Returns at $10,000
Marcus by Goldman SachsMarcus by Goldman Sachs's Marcus Online Savings Account earns more on smaller deposits (approx. $340 vs $4/yr).
Better Returns at $25,000
Marcus by Goldman SachsMarcus by Goldman Sachs's Marcus Online Savings Account pulls ahead with larger amounts (approx. $850 vs $10/yr).
Better for Simplicity
Marcus by Goldman SachsMarcus by Goldman Sachs's Marcus Online Savings Account offers 3.40% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Marcus by Goldman Sachs's Marcus Online Savings Account pays $336 more interest on a $10,000 balance than Bank of America's Advantage Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Bank of America vs. Marcus by Goldman Sachs Savings Calculator
You earn $336 more with Marcus by Goldman Sachs than Bank of America on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$4.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,004.00
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
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | Marcus by Goldman Sachs |
|---|---|---|
| APY | 0.04% Observed: 9/4/2026 Stable over 90 days | 3.40% Observed: 9/4/2026 Stable over 90 days |
| Product Name | Advantage Savings | Marcus Online Savings Account |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $8 | $0 |
| Compound Frequency | Monthly | Daily |
| In-Branch Access | Yes | No |
| Account Type | Online & Branches | Online Only |
| Physical Branches | 3,823 (AR, AZ, CA, CO, CT, DC, DE, FL (+31 more)) | 5 (MA, NJ, NY, UT) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $3,500/dayFounding member; highest limits for established users. | Not Supported |
| BBB Rating | A+ | Not Rated |
| Important Notes | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | - |
| Next Steps | Visit SiteVerify at Bank of America Non-sponsored link to official site | Visit SiteVerify at Marcus by Goldman Sachs Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | Marcus by Goldman Sachs | ||
|---|---|---|---|---|
| Advantage Relationship Banking | Business Advantage Savings | Advantage Savings | Marcus Online Savings Account | |
Current APY | 0.02% | 0.01% | 0.04% | 3.40% |
Trend | Stable | Stable | Stable | Stable |
Speed of change | 0.00 | -0.00 | 0.00 | -0.01 |
Days Since Change | 98 | 107 | 102 | 93 |
12-Month High | 0.11% | 0.02% | 0.04% | 3.65% |
12-Month Low | 0.02% | 0.01% | 0.01% | 3.40% |
Changes per month | 0.33 | 0.33 | 0.25 | 0.16 |
Steadiness | 0.894 | 0.354 | 0.388 | 0.009 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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More Comparisons
Compare Bank of America's APY of 0.04% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Bank of America vs Ally Bank | 3.00% | $0 |
| Bank of America vs American Express | 3.00% | $0 |
| Bank of America vs Axos Bank | 4.21% | $0 |
| Bank of America vs Barclays | 3.65% | $0 |
| Bank of America vs Capital One | 3.50% | $0 |
| Bank of America vs Chime | 3.75% | $0 |
| Bank of America vs CIT Bank | 3.75% | $100 |
| Bank of America vs EverBank | 3.90% | $0 |
| Bank of America vs Newtek Bank | 4.20% | $100 |
| Bank of America vs Openbank | 3.80% | $500 |
| Bank of America vs Pibank | 4.10% | $0 |
| Bank of America vs SoFi Bank | 4.00% | $0 |
| Bank of America vs Synchrony Bank | 3.30% | $0 |
| Bank of America vs Varo Bank | 3.75% | $0 |
| Bank of America vs Wealthfront | 3.95% | $0 |