Marcus by Goldman Sachs Review: High APY Savings

Marcus by Goldman Sachs is the personal banking arm of Goldman Sachs. It emphasizes customer service, trust, simplicity, security and putting its customers first. While its exclusively online accounts offer competitive rates and no fees, you’ll have to do without the convenience of ATM access.

What banking products does Marcus by Goldman Sachs offer?

Personal banking

• Marcus Online Savings. This high-yield online savings account offers a competitive 3.5% APY with no associated fees and no minimum opening deposit.
• Marcus CDs. Choose Marcus CD terms of six months to six years at rates from 4.4% APY on a 6-year term to 4.3% APY on 6 and 9-month terms.

Other products

• Personal loans. Apply online for a fixed-rate personal loan of up to $40,000 with APRs from 6.99% to 24.99%.

Compare Marcus by Goldman Sachs to the competition

• CDs
• Savings

6 of 7 results

Finder Score	6-month APY	1-year APY	5-year APY	Minimum deposit to open
9.4 Excellent Patriot Bank 3M CD	9.4 Excellent	N/A	N/A	N/A	$1	Go to site View details Compare product selection Compare	loading
9.6 Excellent Alliant Credit Union Certificates	9.6 Excellent	3.60%	4.30%	3.65%	$1,000	Go to site View details Compare product selection Compare	loading
10 Excellent Quontic Bank CDs	10 Excellent	3.75%	4.00%	2.75%	$500	Go to site View details Compare product selection Compare	loading
10 Excellent Valley Direct Online CD	10 Excellent	N/A	3.65%	N/A	$500	Go to site View details Compare product selection Compare	loading
9.6 Excellent Bask Bank CDs	9.6 Excellent	3.85%	3.75%	N/A	$1,000	Go to site View details Compare product selection Compare	loading
7 Great CIT Bank Term CDs	7 Great	3.75%	4.00%	0.50%	$1,000	Go to site View details Compare product selection Compare	loading

loading

Load More

Showing 6 of 7 results

Compare other products

Looking for other options? Check out these similar products.

How we picked these

What is the Finder Score?

The Finder Score analyzes hundreds of CDs from more than 100 institutions. It takes into account the product's interest rate for available terms and opening deposit requirements - this gives you a simple score out of 10.

Different banks and credit unions offer CDs for various lengths of time, ranging from as short as seven days to as long as 20 years. For our ratings, we consider the term lengths that the FDIC uses in its monthly updates on national rates.

If a bank or credit union doesn’t offer a CD for a specific term used by the FDIC, we don’t penalize it: Instead, we simply don’t rate it. Each of the standard term lengths has its own APY rating based on the FDIC’s average rates.

Read the full breakdown

{"userFilters":[{"componentType":"MULTI-SELECT CHECKBOX","options":{"comparator":"contains","includeAllSelection":false,"defaultMatcher":"ANY","values":["8.95-10","6.95-8.94999","4.95-6.94999","0-4.94999"],"fields":[{"label":"[[FINDER_SCORE_BADGE|9+]] Excellent: 9+","value":"8.95-10","comparator":"range"},{"label":"[[FINDER_SCORE_BADGE|7+]] Great: 7+","value":"6.95-8.94999","comparator":"range"},{"label":"[[FINDER_SCORE_BADGE|5+]] Standard: 5+","value":"4.95-6.94999","comparator":"range"},{"label":"[[FINDER_SCORE_BADGE|0+]] Basic: 0+","value":"0-4.94999","comparator":"range"}]},"dataSelector":{"recordType":"PRODUCT","fieldCode":"FINDER_SCORE.FINDER_SCORE"},"dataType":"NUMBER","label":"Finder Score","queryParameter":"finderScore"},{"config":{"MULTISELECT":true,"VALUES":"ATM\/debit card,Online only,Bonus offer,No monthly fee,Joint account,Crypto account,High APY"},"dataSelector":{"recordType":"product","fieldCode":"DETAILS.ACCOUNT_FEATURES"},"dataType":"TEXT","label":"Account features","order":null},{"config":{"MULTISELECT":true,"VALUES":"Cash by teller, Cash by ATM, Check by teller, Check by ATM, Mobile\/remote check deposit, Bank transfer, Wire transfer, Direct deposit, Fiat currencies, Cryptocurrencies"},"dataSelector":{"recordType":"product","fieldCode":"DETAILS.DEPOSIT_METHODS"},"dataType":"TEXT","label":"Deposit methods","order":null},{"config":{"MULTISELECT":true,"VALUES":"Alabama,Alaska,Arizona,Arkansas,California,Colorado,Connecticut,Delaware,District of Columbia,Florida,Georgia,Hawaii,Idaho,Illinois,Indiana,Iowa,Kansas,Kentucky,Louisiana,Maine,Maryland,Massachusetts,Michigan,Minnesota,Mississippi,Missouri,Montana,Nebraska,Nevada,New Hampshire,New Jersey,New Mexico,New York,North Carolina,North Dakota,Ohio,Oklahoma,Oregon,Pennsylvania,Rhode Island,South Carolina,South Dakota,Tennessee,Texas,Utah,Vermont,Virginia,Washington,West Virginia,Wisconsin,Wyoming"},"dataSelector":{"recordType":"product","fieldCode":"DETAILS.STATE_AVAILABILITY"},"dataType":"TEXT","label":"States serviced","order":null},{"dataSelector":{"recordType":"UI_FILTER_COMPONENT","fieldCode":"SPECIAL_OFFERS"},"dataType":"BOOLEAN","label":"Special offers","componentType":"SpecialOffersFilter","config":{"VALUES":"1","fields":[{"value":"rewards_exclusive","label":"Finder Rewards & exclusives"},{"value":"all_offers","label":"All offers"}]},"options":{"comparator":"eq"},"queryParameter":"special-offers"}],"niche":{"currencySymbol":"$","decimalPoint":".","decimalPlaces":"2","thousandsSeparator":",","filterBoundsMap":{"product.DETAILS.ACCOUNT_FEATURES":null,"product.DETAILS.DEPOSIT_METHODS":null,"product.DETAILS.STATE_AVAILABILITY":null}},"prefilled":false,"experimental":false}

6 of 19 results

Finder Score	Account type	Annual Percentage Yield (APY)	FDIC or NCUA insured amount	Minimum balance to earn APY	Minimum deposit to open
Promoted 9.2 Excellent Public High-Yield Cash Account	9.2 Excellent	Cash management account	3.30%	Up to $250,000	$0	$0	Go to site View details Compare product selection Compare	loading
Promoted 9.4 Excellent Wealthfront Cash Account	9.4 Excellent	Cash management account	3.55%	Up to $8M FDIC insurance	$1	$1	New clients earn can earn 4.45% APY. New clients get a boosted APY from 3.55% to 4.20% APY for 3 months on up to $150,000. Can also earn ongoing 0.25% APY increase for monthly direct deposit of $1,000 or recurring deposits of $2,500 for a total 4.45% APY with both APY boosts. T&Cs apply.	Go to site View details Compare product selection Compare	loading
Promoted 8 Great CIT Bank Platinum Savings	8 Great	Traditional savings	Up to 3.75%	Up to $250,000	$0	$100	Earn up to 4.35% APY. Get a 0.60% boost to the standard Platinum Savings APY for six months. The boost applies when an eligible customer opens a new Platinum Savings account or enrolls a qualifying Platinum Savings account using promo code BOOST60, subject to promotion terms. APYs are variable and may change. T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.2 Excellent SoFi Checking and Savings	9.2 Excellent	Traditional savings,Checking	Up to 3.30%	Up to $250,000	$0	$0	Earn up to 4.40% APY on savings and $50 or $400 with direct deposit. Open a new SoFi Checking and Savings account by 31 December 2026, set up eligible direct deposit within 60 days, and maintain direct deposit for six months. 1.10% Boost on Savings APY to up to 4.40% for up to 6 months on new accounts. T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.7 Excellent Live Oak Bank through Raisin	9.7 Excellent	Traditional savings	4.10%	Up to $250,000	$0.01	$0	Up to $1200 with code SUMMER26. T&Cs apply.	Continue View details Compare product selection Compare	loading
Not scored yet Robinhood Banking	Not scored yet	Cash management account	3.60%	up to $2.5 million	$0	$0	Continue View details Compare product selection Compare	loading

loading

Load More

Showing 6 of 19 results

Compare other products

Looking for other options? Check out these similar products.

How we picked these

What is the Finder Score?

The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.

To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.

Read the full breakdown

How does it compare to other banks?

On the list of the top 50 bank holding companies in the US, Goldman Sachs comes in at No. 14 with more than $127 million in customer deposits. It’s flanked by HSBC with $123 million in deposits and the Bank of New York with $138 million.

Crowning the list is Bank of America, which holds an impressive $1.3 billion in customer deposits and operates more than 4,000 bank branches nationwide.

What is Marcus Insights?

Marcus Insights is a free money management tool Goldman Sachs offers to organize your finances and optimize your money. It brings all of your external accounts into a single dashboard, and you don’t need a Marcus account — such as a Marcus savings account or loan — to use it.

But while you can track your purchases, analyze your spending habits and get a decent visual on your cash flow, it doesn’t allow you to customize your budget. Other caveats: It’s only available in English, and only supports US-based banks with some banks and credit cards getting left in the dust.

Generally, customers can sync these account types from thousands of financial institutions with Marcus Insights:

• Checking accounts
• Savings accounts
• Credit card accounts

Since the Marcus Insights tool only supports some financial institutions, check with your bank to see if Marcus Insights will work for you to meet your goals.

What do regulators and customers say?

Marcus by Goldman Sachs is not an accredited business with the Better Business Bureau. The BBB gives it a C+ rating due to the time Marcus by Goldman Sachs has been in operation.

On the CPFB’s Consumer Complaint Database, you’ll find an equal number of complaints dispersed between this online bank’s savings accounts and home loans. Customers complain that it’s difficult to navigate the online application process and access their online accounts.

Goldman Sachs is insured by the FDIC and receives an outstanding CRA rating, which reflects how well a financial institution meets the credit needs of its community, including low- and moderate-income customers.

What is the 10,000 Women initiative?

Goldman Sachs launched 10,000 Women, a program designed to reach out to female entrepreneurs around the world with business education, mentoring, management training and access to capital.

Launched in 2008, the initiative has since reached more than 10,000 women in over 56 countries.

Bottom line

Marcus by Goldman Sachs may offer a limited product range, but its savings accounts offer high interest rates without fees. And you can apply online without booking an appointment.

As long as you’re comfortable conducting your banking online, Marcus by Goldman Sachs is a viable option.

Frequently asked questions about Marcus by Goldman Sachs

What is the routing number and SWIFT code for Marcus by Goldman Sachs?

The routing number is 124085260, and its SWIFT code is GSCMUS33XXX.

How do I get in touch with Marcus by Goldman Sachs?

Call the customer service center seven days a week at 855-730-7283.

What are the restrictions with what I can do with a personal loan from Marcus by Goldman Sachs?

Marcus by Goldman Sachs explicitly states that you can’t use your personal loan funds to finance education costs.

But you can use your personal loan to consolidate debt, renovate your home and finance your wedding or dream vacation.

What’s the difference between Marcus by Goldman Sachs and Goldman Sachs?

Marcus by Goldman Sachs is a brand of Goldman Sachs that specializes in online savings accounts, CDs and personal loans.

Written by

Shannon Terrell

Editor

Add to Preferred Sources

Shannon Terrell is a lead writer and spokesperson at NerdWallet and a former editor at Finder, specializing in personal finance. Her writing and analysis on investing and banking has been featured in Bloomberg, Global News, Yahoo Finance, GoBankingRates and Black Enterprise. She holds a bachelor’s degree in communications and English literature from the University of Toronto Mississauga. See full bio

's expertise

has written 60 Finder guides across topics including:

• Share trading
• Robo-advisors
• Merchant services