Marcus by Goldman Sachs
Marcus by Goldman Sachs High-Yield Online Savings
By Alex Compton · Last verified
Standalone savings with no monthly fee and eligible same-day transfer processing
Insurance: FDIC insured up to $250,000 through Goldman Sachs Bank USA
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-11-02 | 3.50% variable APY, rate checked November 2, 2026 | $0 | None | Marcus Online Savings page, checked November 2, 2026 →Freshness-rotation reconfirmation: Marcus's own savings page still shows 3.50% APY. No change to rate or terms. |
| 2026-10-23 | 3.50% variable APY, rate checked October 23, 2026 | $0 | None | Official product terms reviewed October 23, 2026 →Removed a cross-bank earnings example that relied on an outdated Ally APY; Marcus base rate remains 3.50%. Full-record date retained. |
| 2026-10-23 | 3.50% variable APY, rate checked October 23, 2026 | $0 | None | Official savings product and supporting help pages →Scoped review reconfirmed base APY and referral terms, distinguished transfer processing from funds availability, and removed unsupported historical rate-superiority claims. Full-record date remains October 5. |
Primary-source verification log
Append-only evidence ledger- changed
Removed a cross-bank earnings example that relied on an outdated Ally APY; Marcus base rate remains 3.50%. Full-record date retained.
Fields: ourTake, termHistory
Official savings product terms; scoped review → - changed
Scoped review confirmed 3.50% base APY, referral boost and withdrawal count; distinguished processing from funds availability and removed unsupported comparative claims. Full-record date preserved.
Fields: tagline, apy, features, pros, cons, ourTake, termHistory
Marcus savings product, referral terms and FAQ → - confirmed
General ACH table says 1-3 business days, while product page advertises eligible same-day processing. Comparison explains conditions and receiving-bank availability rather than promising universal same-day access.
Marcus transfer timelines and limits → - changed
For Amex comparison, confirmed 3.50% variable APY, 24/7 support, fees/minimums and qualified noon-cutoff same-day transfer language. Removed unsupported causal Fed-rate wording; partial check retains overall October 5 verification.
Fields: apy, features, atm
Marcus official account page →
Features
- ▸No minimum deposit, no minimum balance, no monthly fees
- ▸Same-day processing may be available for eligible transfers of $100,000 or less requested by noon ET on a business day; receiving-bank availability varies
- ▸Qualifying referrals offer a 1.00-percentage-point APY boost for 3 months on eligible primary-owner savings accounts; terms apply
- ▸No-penalty CDs available in the same login for locking rates
- ▸Interest compounds daily, credited monthly
- ▸Clean app and web experience with savings goal tracking
Pros
- +No monthly fee or minimum opening deposit
- +Eligible transfers up to $100,000 requested by noon ET can be processed the same business day
- +No current monthly withdrawal-count limit; transaction limits and holds still apply
- +Qualifying referrals can temporarily increase the APY, subject to program terms
Cons
- −No checking account, ATM card or cash deposits
- −Receiving-bank availability and incoming-deposit holds differ from transfer processing speed
- −Variable APY and temporary referral benefits can change
Our Take
Marcus suits savers who want a standalone account with no monthly fee. Compare its current base APY with alternatives and evaluate any referral boost separately. Same-day processing does not override receiving-bank timing or deposit holds, so confirm availability before treating savings as immediately spendable.
Best for: Savers who want a big-name HYSA with zero hoops and fast transfers
Open at Marcus by Goldman Sachs →Last verified 2026-11-02
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