Marcus Goldman founded a financial firm in 1869, and a decade later the firm was renamed Goldman, Sachs & Co., after Goldman joined forces with his son-in-law, Samuel Sachs and his son, Henry Goldman. Over time, their company came to be one of the premier investment banks in the United States.
Goldman Sachs became a bank holding company during the financial crisis. Years later through the acquisition of GE Capital Bank’s online deposits in 2016, Goldman Sachs launched GS Bank, an online-only institution. In late 2017, GS Bank became known as Marcus by Goldman Sachs, a brand already being used by the firm’s personal loan platform. In addition to loans, Marcus by Goldman Sachs offers certificates of deposit (CDs) and an online savings account.
Accounts at Marcus by Goldman Sachs are designed for consumers who want to earn a higher yield than what their current bank or credit union is providing. If you need a new checking account, you frequently visit ATMs or mobile is your preferred banking channel, see what other financial institutions have to offer.