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Marcus by Goldman Sachs savings account rates

Updated July 3, 2024
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Marcus by Goldman Sachs is an online bank that offers a high-yield savings account. Though the very best savings yields come in above 5 percent annual percentage yield (APY), Marcus does offer competitive interest rates and other conveniences, including no fees and no minimum deposit to open an account.

Marcus by Goldman Sachs received high marks on its high-yield savings account in our in-depth bank review.

Marcus savings account interest rates

Here’s a breakdown of the Marcus online savings account.

Account name APY Minimum deposit
High-yield savings account 4.40% APY No minimum deposit

Note: The annual percentage yield (APY) shown was last updated between July 2 and July 8, and may vary by region.

How Marcus savings interest rates compare with top-yielding online banks

The high-yield online savings account offered by Marcus is competitive, though some other online banks offer higher interest rates. The Marcus app earns high marks in Apple’s App Store and on Google Play. It allows users to check balances, schedule transfers, make loan payments, and more. If you are weighing savings account options, it’s important to compare the best savings rates that the market has to offer.

Other savings options at Marcus

In addition to its high-yield savings account, Marcus also offers standard certificates of deposit with competitive yields that can help you save for your future, with nine terms ranging from six months to six years. CD interest is compounded daily rather than monthly or quarterly.

Savers can also choose from three terms of no-penalty CDs that don’t charge early withdrawal fees, provided the account has been funded for at least seven days.

Matthew Goldberg Arrow Right Senior Consumer Banking Reporter
Matthew Goldberg is a consumer banking reporter at Bankrate where he uses his more than 13 years of financial services experience to help inform readers about their important personal finance decisions.