Marcus by Goldman Sachs Bank Review 2026
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At a glance
Overview
Marcus by Goldman Sachs is an online bank that rewards savers with solidly high rates. It only offers certificates of deposit and savings, so if you want all of your bank accounts in one place, you’ll need to look elsewhere. And 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
Customer Experience
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 = 4.6/5
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.
Bankrate Savings rating = 4.5/5
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.
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.
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.
Marcus by Goldman Sachs pros and cons
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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No minimum balance requirement or monthly service fee for savings accounts.
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24/7 customer service.
Cons
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Limited selection of financial products.
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No 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.
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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 deposits. Rather, you’ll need to rely on direct deposit or electronic transfers for depositing or withdrawing funds — with no limit on the number of transfers or withdrawals from your 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. 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.
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 first in J.D. Power’s 2026 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, nearly 300,000 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.
How Marcus compares to other banks
Compare different account types offered by Marcus. Annual percentage yields (APYs) shown were updated between Oct. 28, 2026 and Nov. 3, 2026.
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Selected bank
Marcus by Goldman Sachs savings account
Bankrate score
4.3
Bankrate Savings rating = 4.3/5 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. |
Search for or select a bank:
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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. 28, 2026 and Nov. 3, 2026.
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| 3.50% | 3.20% | |
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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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| $1,750 | $1,600 | |
| Marcus by Goldman Sachs offers a 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 strong yield on its Online Savings Account. It’s not usually the absolute highest yield, but it is competitive and there’s no minimum balance requirement and no monthly service fee. The bank offers mobile deposit but you’ll need to transfer money to your checking account or Ally’s money market account if you want to access your savings from an ATM. | |
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APY offering:
3.50%
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 deposit for APY:
$0.00
5/5
The minimum deposit amount a financial institution requires in order to open a savings account.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds:
Average
4/5
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools:
No
0/5
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
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APY offering:
3.20%
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 deposit for APY:
$0.00
5/5
The minimum deposit amount a financial institution requires in order to open a savings account.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds:
Average
4/5
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools:
Yes
5/5
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
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APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
The minimum deposit amount a financial institution requires in order to open a savings account.
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
Bankrate does not currently track additional product details for this bank.
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