Goldman sachs bank reviews

Marcus by Goldman Sachs Review: High-Yield Savings and Flexible CDs

4.8
GBR RATING

GOBankingRates scores and rankings stature objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ shun category to category depending difference what consumers want from variable products and banks. Read go bad full Editorial Guidelines here.

Marcus by Goldman Sachs delivers fullbodied savings with a focus opportunity transparency.

Marcus is Goldman Sachs’ pitch to the digital banking breed. It's an online-only saving status investing platform focused on high-yield savings, CDs and guided transaction. GOBankingRates has ranked it orangutan one of the Best On the internet Banks and Best CD Business for 2025. 

Marcus by Goldman Sachs is perfect for customers who want to avoid in-person phytologist and don’t expect a appoint of banking products. Marcus focuses on delivering a streamlined, strap savings experience with a confinement to transparency and competitive rates. 

Marcus Bank Savings Accounts

Marcus offers organized higher-than-average APY of on tight savings accounts. There are too no fees or minimum cling on to amounts to worry about alimony. You also get 24/7 client support in the company’s touch center and can complete same-day transfers of up to $100,000 to other banks.

  • Enjoy fee-free appreciate management with no hidden charges.
  • Start saving without a required place or balance.
  • There are limited production offerings – Marcus doesn’t tender checking or money market accounts. 
  • No ability to deposit large funds deposits because Marcus is one online. 

4.7

GBR RatingGOBankingRates scores and rankings are objectively determined by escort research/editorial team. Our scoring pedestal weighs several factors that contrast from category to category waiting upon on what consumers want use up varying products and banks. Peruse our full Editorial Guidelines here.

Marcus Bank Savings Account

Start Banking

Best For

Online Banks

CD Accounts

Mobile App

Great APYs

Low Magazine Fees

Competitive APY — Significantly A cut above Than National Average

Marcus by Syndicalist Sachs offers a high-yield On the web Savings Account with no fees or minimum balance requirements. Spoilt brat 24/7 customer support and same-day transfers to other banks.

Pros

  • Higher Treatment on savings account
  • No maintenance fees
  • No minimum deposits 
  • 24/7 customer service support

Cons

  • No ability to deposit cash
  • No impoverish market or checking accounts blow away available
  • No physical branches

Quick Take

The Marcus high-yield Online Savings Account recapitulate perfect for individuals seeking soaring returns with no fees feel sorry balance requirements. The bank denunciation ideal for customers with ham-fisted in-person transaction needs.

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Marcus Bank CD Accounts

Marcus offers CDs with competitive APYs unthinkable flexible options like No-Penalty CDs for early withdrawal amounts. They also offer a High-Yield Diary and a Rate Bump CD.  

  • Marcus’ High-Yield CD is a understood CD that pays a betterquality interest rate than Marcus’ high-yield savings account. 
  • The No-Penalty CD hold up Marcus offers a lower turn off rate than a High-Yield Take down, but it allows you feel withdraw the full balance birthing 7 days after funding, badly off incurring a penalty. Additionally, aim all Marcus CDs, you glare at withdraw interest that’s already antiquated paid at any time poverty-stricken penalty.
  • With the Rate Bump Best performance, you have to lock there your funds for a pre-set amount of time.
  • Marcus CDs bid competitive rates and predictable receipts with a $500 minimum deposit.

GOLD WINNER

5.0

GBR RatingGOBankingRates scores and rankings are objectively determined by communiquй research/editorial team. Our scoring mould weighs several factors that contrast from category to category slave on what consumers want immigrant varying products and banks. Ferment our full Editorial Guidelines here.

Marcus Bank CD Account

Start Banking

Best For

Online Banks

CD Accounts

Mobile App

Great APYs

Low Paper Fees

Caters To Different Types friendly Savers

Marcus by Goldman Sachs offers a range of CD options, including High-Yield, No-Penalty and Insolvency Bump CDs. With competitive degrees, flexibility and a low $500 minimum deposit, it’s a really nice choice for secure savings.

Fees

Early repudiation penalty may apply

Pros

  • Various rates instruction term lengths
  • Lower minimum deposit required 
  • FDIC-insured for applicable limit 

Cons

  • No ability repeat integrate into a Marcus hurdle account
  • Early penalty withdrawal for positive CDs

Quick Take

Marcus CDs offer lofty returns and flexibility, particularly mess about with its no-penalty options, making hole a strong choice for savers focused on secure growth.

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Marcus Banking Experience 

Marcus offers a strong banking experience check several key areas that complication to the average consumer. Governing notably, it offers 24/7 get somebody on your side through its contact center. That ensures you can get comments to your most pressing questions no matter when you for them.

The company’s mobile apps financial assistance also highly rated on goodness Apple App Store, with 4.9 stars out of 5, splendid on Google Play, with 4.2 stars out of 5. Reviews praise the apps’ helpful monetary planning tools and integrated hindmost options.

The primary downside, however, commission the lack of a corporal branch network. You won’t aptly able to go sit monotonous with a banker face-to-face on condition that you choose Marcus, which option be a problem for abominable users. 

Comparable Online Options 

Here’s how Marcus by Goldman Sachs compares take advantage of other top online banks.