Marcus by Goldman Sachs is a direct bank that offers personal loans and rewards savers with higher payouts.
Marcus in January 2020 launched an app for iOS devices. With the app, you can access all of your Marcus accounts, including savings accounts, CDs and personal loans. You can also check your balances, transfer money and make loan payments. The app so far is rated 4.9 out of 5 stars. A version is now available for Android devices on Google Play as of May 2020.
You can also call customer support seven days a week. Savings specialists are available on weekdays from 8 a.m. EST until 10 p.m. (EST) and on weekends from 9 a.m. EST until 7 p.m. (EST). You can also chat with savings specialists once you log in to Marcus.com during those same hours.
Marcus Goldman founded a financial firm in 1869 that would become Goldman Sachs, a company known as 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, 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.