Marcus by Goldman Sachs Bank Review 2025
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At a glance
Overview
Marcus by Goldman Sachs is an online bank that rewards savers with solidly high rates. The bank only offers certificates of deposit and savings, though, so if you want all of your bank accounts in one place, you’ll need to look elsewhere. Plus, since Marcus is an online-only bank, you’ll need to be comfortable solely banking online.
Highlights:
High APY Top CD Rates 24/7 Customer ServiceHighlights:
CDs
Savings
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Marcus by Goldman Sachs is an online bank that rewards savers with higher-than-average rates and few fees. It offers CDs and a savings account, but no checking account. The accounts it does offer have low or no minimum deposit requirements. But you have limited options to access your funds. It’s easy to move money via electronic transfer to or from another account you own, but you won’t be able to deposit or withdraw cash or make mobile check deposits.
Pros
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Marcus offers competitive interest rates for all of its products.
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The balance requirements for its CDs are relatively low.
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The savings account doesn’t have a minimum balance requirement or monthly service fee.
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24/7 customer service.
Cons
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Marcus offers a limited selection of financial products.
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Marcus does not offer debit or ATM cards, making it more difficult to access your funds.
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Mobile check deposit is unavailable.
Marcus bank products
Marcus Online Savings Account
Pros
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Marcus offers a solid yield on its savings account.
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The account requires no minimum deposit to open.
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There are no monthly fees.
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Marcus doesn’t charge for wire transfers.
Cons
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Mobile check deposit is not offered; all deposits must be transferred or automated.
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There is no ATM access.
The high-yield savings account at Marcus is a viable option for earning a solid APY without a minimum deposit requirement or monthly fees. However, it’s not the easiest account for moving your money because it doesn’t have branches, ATMs or mobile check deposit. Rather, you’ll need to rely on direct deposit or electronic transfers for depositing or withdrawing funds. But thankfully the bank doesn’t limit the number of transfers or withdrawals from its savings account.
Rate history for Marcus's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Marcus High-yield Certificates of Deposit
Pros
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Rates across terms, ranging from six months to six years, are top-tier.
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Marcus offers high-yielding no-penalty CDs.
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A bump-up CD with a solid rate is available.
Cons
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Some banks have lower withdrawal penalties.
The CDs at Marcus come with a unique perk — a rate guarantee that states that if the CD’s rate increases within 10 days of your opening and funding it, you’ll get the higher rate automatically.
The CDs at Marcus have very few downsides.
The only con we could come up for these CDs is that they don't have the the lowest possible early withdrawal penalty. But even still, the penalty isn't bad.
Rate history for Marcus's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
How Marcus compares to other banks
Compare different account types offered by Marcus. Annual percentage yields (APYs) shown were updated between Oct. 22, 2025 and Oct. 28, 2025.
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Selected bank
Marcus by Goldman Sachs savings account
Bankrate score
4.2
Bankrate Savings rating = 4.2/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
Ally Bank savings account
Bankrate score
4.4
Bankrate Savings rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Oct. 22, 2025 and Oct. 28, 2025.
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| 3.65% | 3.40% | |
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Minimum balance for APY
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| $0.00 | $0.00 | |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $1,825 | $1,700 | |
| Marcus by Goldman Sachs offers a somewhat competitive yield on its savings account. With no fees and no minimum deposit, Marcus is a good option for savers who are comfortable with banking exclusively online. | Ally Bank consistently offers a competitive yield on its Online Savings Account. The online bank doesn’t have the absolute highest yield, but it offers a competitive one and doesn’t have a minimum balance requirement or a monthly service fee. The bank offers mobile deposit, but you’ll need to transfer money to the Ally checking account or money market account if you want to access money in your savings from an ATM. | |
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N/A
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APY offering:
3.65%
4/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$0.00
5/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Subpar
2/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
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APY offering:
3.40%
4/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$0.00
5/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Good
4/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
|
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
The lowest deposit amount an account must have before it can earn interest.
A monthly charge a financial institution deducts from an account if certain requirements are not met.
The lowest balance an account must maintain in order to avoid a fee.
A procedure that allows an individual or organization to access and manage the funds of another account holder.
Bankrate does not currently track additional product details for this bank.
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Bank fees
| Fee | Charged? | |
|---|---|---|
| Overdraft fee | None | |
| Non-sufficient funds fee | None | |
| Monthly maintenance fee | None | |
| Out-of-network ATM fee | N/A | |
| Excessive transaction fee | None |
Customer experience
Customer support
24/7 support is available. Although Marcus doesn’t have branches or ATM access, customers can speak with a representative through live chat or over the phone 24 hours a day, seven days a week.
High Customer Satisfaction. Marcus by Goldman Sachs ranked third in J.D. Power’s 2025 Direct Banking Satisfaction Study among online-only banks offering savings products.
Digital experience
Highly rated mobile app. The bank's mobile app has a high rating on both the Apple App and Google Play stores. Collectively, more than 200,000 users have reviewed the app. The Marcus app does not support mobile check deposits, however, so you’ll need to make an electronic transfer or mail a paper check.
Robust help center. On the bank's website, you'll find a Help Center with an extensive collection of FAQs, which can help current and prospective customers get answers without needing to connect with a representative. Topics are broken down by banking product, ranging from deposit accounts to credit cards.
Transparent website. Marcus displays rates prominently for each of its deposit products, and information about fees is easy to access. It’s also not difficult to find ways to reach a customer service representative, including by phone or live chat.
The above images were last updated on October 31, 2024.
Bankrate staff insights
Where did this quote come from?
Our focus at Bankrate is on delivering accurate content and the right context for making well-informed financial decisions.
We gather real quotes from real people through surveys, interviews, and testimonials from Bankrate staff and consumers like you who have actual experience with these products. We then hand-pick what to feature to ensure credibility and relevance.
Disclosure: To enhance our product reviews, Bankrate employees often open accounts and provide feedback. They may have been compensated for their time and account maintenance, but this does not affect the integrity of their review.
Video overview: Easy app transfers
All rates, features and offers shown in the media on this review were accurate at the time they were procured, but may have changed since recording. The content may also contain views and opinions that do not reflect those of Bankrate.
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Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
