Marcus by Goldman Sachs vs. Openbank
Marcus by Goldman Sachs's Marcus Online Savings Account pays 3.40% APY while Openbank's High-Yield Savings Account pays 3.80% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Openbank pays $40 more than Marcus by Goldman Sachs annually ($380 vs $340).
Choose Openbank if getting the best rate matters most.
| Metric | Marcus by Goldman SachsMarcus Online Savings Account Sep 10, 2026 | OpenbankHigh-Yield Savings Account Sep 10, 2026 |
|---|---|---|
| APY | 3.40% | 3.80% |
Earns in a year | $5,000+$170 $10,000+$340 $25,000+$850 | $5,000+$190 $10,000+$380 $25,000+$950 |
Min. Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingStable Rate | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppStable 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 Marcus by Goldman Sachs vs. Openbank
Executive Summary
Marcus by Goldman Sachs held $504,823,000,000 at March 31, 2026, while Openbank held $85,645,960,000 at the same date. Openbank leads with its High-Yield Savings Account, which has been the leader since at least January 21, 2026. At a balance of $10,000, Openbank offers 3.8%, while Marcus offers 3.4%, with the latter's rate applying only up to that balance. Marcus paid 3.33% on average across all deposits. Its savings account offers 3.4%. Openbank paid 2.65% on average across all deposits. Its savings account offers 3.8%. At July 2026 CPI, the gap between the two banks is 40 basis points.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Marcus by Goldman Sachs?
- Higher rated Android app (4.9 vs 4.4)
Why Openbank?
- Higher potential APY (3.80% vs 3.40%) on all balances
Key Feature Differences
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $380 vs $340/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $950 vs $850/yr).
Better for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 3.80% APY with no bundling, direct deposit requirement or caps.
Better Mobile App Experience
Marcus by Goldman SachsMarcus by Goldman Sachs offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.9 (vs. 4.4)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $40 more interest on a $10,000 balance than Marcus by Goldman Sachs's Marcus Online Savings Account.
*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
Marcus by Goldman Sachs vs. Openbank Savings Calculator
You earn $40 more with Openbank than Marcus by Goldman Sachs 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.
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
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$380.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,380.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $335 a year in interest.
Both Marcus by Goldman Sachs and Openbank advertise far more than that typical branch-bank rate.
| Feature | Marcus by Goldman Sachs | Openbank |
|---|---|---|
| APY | 3.40% Observed: 9/10/2026 Stable over 90 days | 3.80% Observed: 9/10/2026 Stable over 90 days |
| Product Name | Marcus Online Savings Account | High-Yield Savings Account |
| Minimum Deposit | $0 | $500 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 5 (MA, NJ, NY, UT) | Not reported |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | Not Rated | Not Rated |
| Next Steps | Visit SiteVerify at Marcus by Goldman Sachs Non-sponsored link to official site | Visit SiteVerify at Openbank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Marcus by Goldman Sachs | Openbank |
|---|---|---|
| Marcus Online Savings Account | High-Yield Savings Account | |
Current APY | 3.40% | 3.80% |
Trend | Stable | Stable |
Speed of change | -0.01 | -0.02 |
Days Since Change | 99 | 99 |
12-Month High | 3.65% | 4.20% |
12-Month Low | 3.40% | 3.80% |
Changes per month | 0.17 | 0.25 |
Steadiness | 0.009 | 0.013 |
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 363-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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High Rates (With Checking Bundle)
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