We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for .
Editorial Integrity
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
How We Make Money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
Marcus by Goldman Sachs is an online bank that offers a high-yield savings account. While you can find higher APYs elsewhere, you’ll still enjoy a very competitive rate and other conveniences. The Marcus by Goldman Sachs’ savings account comes with no fees and there is no minimum deposit to open the account. Marcus by Goldman Sachs earned a 5 out of 5 in Bankrate’s overall rating of the bank.
Marcus by Goldman Sachs savings account rates
Let’s take a closer look at the savings account option in the chart below.
Account name
APY
Minimum deposit
High-yield savings account
1.05%
No minimum deposit
Note: The APYs (Annual Percentage Yield) shown are as of July 2, 2020. The APYs for some products may vary by region.
How Marcus by Goldman Sachs savings rates compare to top-yielding banks
The high-yield online savings account offered by Marcus by Goldman Sachs is very competitive and pays more in interest than other banks. However, you can still find slightly better rates elsewhere.
Vio Bank, for example, offers an online savings account that is currently paying a little bit more in interest than the Marcus by Goldman Sachs’ high-yield online savings account.
If you’re in search of the best place to keep your savings, be sure to compare the best rates on savings accounts here.
Other savings options at Marcus by Goldman Sachs
Marcus by Goldman Sachs also offers CDs that can help you save for your future. Its CDs are available in various terms — ranging from six months to six years. Marcus will compound CD interest daily rather than monthly or quarterly so you can earn it more often.
Savers can also select from the bank’s no-penalty CDs. These products won’t charge you for withdrawing your money early as long as your account has been funded for at least seven days.
Share