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Marcus by Goldman Sachs Review 2026

Marcus is the consumer banking division of Goldman Sachs, offering high-yield savings accounts, CDs, and personal loans. Known for competitive rates and a no-fee structure backed by Goldman Sachs expertise.

Founded

2016

Headquarters

New York, NY

Total Assets

$150 billion

Branches

Online Only

BankingDeal Rating

Based on rates, fees, features, and customer satisfaction

4.3

out of 5.0

Rates & Fees

ProductRate / Fee
Savings APY4.00%
12-Month CD APY4.50%
Checking Monthly FeeN/A

Rates shown are for illustration. Verify current rates directly with Marcus by Goldman Sachs.

Products Offered

Savings Accounts
CDs
Personal Loans

Pros & Cons

Pros

  • +Among the highest APY rates available
  • +No fees on savings or CDs
  • +Backed by Goldman Sachs
  • +No minimum deposit for savings
  • +CD rate guarantees

Cons

  • -Very limited product range
  • -No checking accounts
  • -No mobile check deposit
  • -No ATM card for savings

Our Verdict

Marcus by Goldman Sachs is an excellent choice for those who prefer online banking and want competitive rates without monthly fees. Among the highest APY rates available, making it a strong contender in the online banking space. With a savings APY of 4.00%, it offers competitive returns on your deposits.

Related Resources

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Frequently Asked Questions

Is Marcus by Goldman Sachs a good bank?

Marcus by Goldman Sachs has a rating of 4.3/5 on our scale. Among the highest APY rates available. However, very limited product range. Whether it is right for you depends on your specific banking needs and priorities.

What is the savings account APY at Marcus by Goldman Sachs?

Marcus by Goldman Sachs currently offers a savings APY of 4.00%. This is a competitive rate compared to the national average. Rates are subject to change. Verify current rates directly with Marcus by Goldman Sachs.

Does Marcus by Goldman Sachs charge monthly fees?

Marcus by Goldman Sachs offers checking accounts with no monthly maintenance fee.

What products does Marcus by Goldman Sachs offer?

Marcus by Goldman Sachs offers Savings Accounts, CDs, Personal Loans. As an online-only bank, all services are available through their website and mobile app.

Where is Marcus by Goldman Sachs headquartered?

Marcus by Goldman Sachs is headquartered in New York, NY. Founded in 2016, Marcus by Goldman Sachs has grown to manage $150 billion in total assets. It operates exclusively online with no physical branch locations.