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Marcus by Goldman Sachs savings account rates

Written by
Matthew Goldberg
Edited by
Hanna Horvath, CFP
Updated March 7, 2025
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Marcus by Goldman Sachs is an online bank that offers a high-yield savings account. Though you may find a slightly higher savings yield elsewhere, Marcus does offer competitive interest rates and other perks, including no fees and no minimum deposit to open an account.

The Marcus Online Savings Account consistently ranks among the top high-yield savings options available, combining competitive rates with the backing of a major financial institution.

Marcus by Goldman Sachs received high marks on its high-yield savings account in Bankrate's review.

Marcus savings account interest rates

Here’s a breakdown of the Marcus online savings account.

Product Name APY Min. for APY
Savings 3.75% APY $0

Note: The annual percentage yield (APY) was last updated between March 18 and March 24 and may vary by region.

The Marcus Online Savings account offers an interest rate that's significantly higher than the national average for savings accounts.

Rate history for Marcus' savings account

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Marcus
APY
APY
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National average APY
How do we get this data?
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Marcus savings account features

  • Minimum opening deposit: There is no minimum deposit required to open a Marcus Online Savings account.
  • Monthly fees: Marcus doesn't charge any fees on its Online Savings account. This includes no monthly maintenance fees, no transaction fees and no transfer fees.
  • Interest details: Interest on your Marcus Online Savings account compounds daily and is credited to your account monthly.
  • Mobile banking: Marcus offers a highly-rated mobile app for both iOS and Android devices which allows you to check balances, schedule transfers, set up recurring deposits, view transaction history and manage your account settings.
  • Customer service: Marcus provides customer service by phone seven days a week, 24 hours a day.
  • Transfer limits: Marcus allows same-day transfers of up to $100,000 to and from your account.

How Marcus savings interest rates compare with top-yielding online banks

The high-yield online savings account offered by Marcus is competitive, though some other online banks offer higher interest rates. The Marcus app earns high marks in Apple’s App Store and on Google Play. It allows users to check balances, schedule transfers, make loan payments and more. If you are weighing savings account options, it’s important to compare the best savings rates that the market has to offer.

Other savings options at Marcus

In addition to its high-yield savings account, Marcus also offers standard certificates of deposit (CDs) with competitive yields that can help you save for your future, with nine terms ranging from six months to six years. CD interest is compounded daily rather than monthly or quarterly.

Savers can also choose from three terms of no-penalty CDs (7-month, 11-month, and 13-month) that don't charge early withdrawal fees, provided the account has been funded for at least seven days. These offer slightly lower rates than standard CDs but provide more flexibility.

Matthew Goldberg Arrow Right Icon Senior Consumer Banking Reporter
Matthew Goldberg is a consumer banking reporter at Bankrate where he uses his more than 14 years of financial services experience to help inform readers about their important personal finance decisions.