Marcus By Goldman Sachs Online Savings Earns 4.25% APY (Available Nationwide)

See updated Marcus by Goldman Sachs promotions and bonuses here. Offers are available online, nationwide.

• Update 9/25/2024: The rate decreased to 4.25%. You might also want to consider this savings account from American Express.
• Update 8/20/2024: The rate is now 4.40%, a slight decrease.
• Update 1/19/2024: The rate increased to 4.50% APY.
• Update 12/13/2023: The rate remained the same at 4.40% APY.
• Update 10/17/2023: Rate increased to 4.40% APY
• Update 8/10/2023: Rate has increased to 4.30% APY
• Update 5/8/2023: The APY rate increased from 3.90% to 4.15%.
• Update 4/17/2023: The APY rate increased from 3.75% to 3.90%.
• Update 2/15/2023: The APY rate increased from 3.50% to 3.75%.
• Update 2/6/2023: The APY rate increased from 3.30% to 3.50%.
• Update 12/27/2022: The APY rate increased from 3.00% to 3.30%.

In December of 2017, Goldman Sachs Bank USA was re-branded and is now known as Marcus by Goldman Sachs. Marcus offers online Savings and Certificate of Deposit accounts, which Goldman Sachs Bank was previously known for.

Marcus by Goldman Sachs is owned by the Goldman Sachs Group, Inc., which was established in 1869 and is headquartered in New York, NY.

Their online Savings and CD accounts offer very competitive rates, but be sure to compare all the best nationwide rates here: Savings Rates | CD Rates.

READ MORE: WELCOME OFFERS FROM CHASE AND BMO.

Marcus By Goldman Sachs Online Savings Details

• Available online, nationwide
• No minimum deposit to open
• Minimum to earn the stated APY is just $1
• No fees with this account
• Access your account with the Marcus app. Available on iOS and Android.
• Contact Center available 24 hours a day / 7 days a week
• Account maximum is $1,000,000
• Maximum of six withdrawals or transfers per monthly statement period are allowed.

Opening An Account

• Open your account online or in the Marcus app.
• No minimum deposit or credit check is required.
• Link your checking or savings accounts at other banks and transfer money into your Marcus savings account. You’ll start earning interest the day your transfer is initiated.
• You can transfer money back to your checking account in the Marcus app or by phone. Same-day transfers are available.

READ MORE: SEE THESE CASH BACK SHOPPING REWARDS AND PROMOTIONS FOR BONUS CASH AND REWARDS

Bottom Line

Competitive rate from a trusted bank. You can find better savings rates here.

Posts History:

• Earn Up To 5.35% APY: Marcus By Goldman Sachs’ Best CD Account Rates (Available Nationwide)
• Marcus By Goldman Sachs Offer: Extra 1.00% APY Referral Bonus (Available Nationwide)
• Marcus By Goldman Sachs $100 Online Savings Bonus [Nationwide] – Ended

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.