Marcus by Goldman Sachs
Marcus by Goldman Sachs High-Yield Online Savings
Goldman Sachs' no-frills savings account with consistently competitive rates
Insurance: FDIC insured up to $250,000 through Goldman Sachs Bank USA
Features
- ▸No minimum deposit, no minimum balance, no monthly fees
- ▸Same-day transfers of $100k or less to linked accounts at many banks
- ▸Referral program periodically adds a 0.25% APY boost for 3 months for both parties
- ▸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
- +Rate has stayed near the top of the big-name HYSA pack for years
- +Same-day ACH to linked accounts is genuinely fast for an online bank
- +Goldman Sachs backing with a long track record of honoring rates for existing customers
- +Referral boosts can push the effective APY meaningfully above the headline
Cons
- −No checking account, ATM card, or cash deposit option
- −No buckets or sub-account tools like Ally offers
- −Rate trails the smaller rate-leader banks by 50-100 bps
Our Take
Marcus is the safe default HYSA: a real Goldman Sachs bank, no fee tricks, no balance hurdles, and unusually fast outbound transfers. You can beat 3.40% at smaller banks, but Marcus has never played the teaser-rate game that punishes loyal customers. Stack a referral boost and the gap to the rate leaders mostly disappears for three months at a time.
Best for: Savers who want a big-name HYSA with zero hoops and fast transfers
Open at Marcus by Goldman Sachs →Last verified 2026-06-11
Rate this card
Be the first to rate it
Commentson Marcus by Goldman Sachs High-Yield Online Savings
Comments are stored in your browser during our community preview. Accounts, moderation and cross-device sync arrive with Credit Compound Community.