Online savings account from Goldman Sachs Bank USA (Member FDIC).
Marcus Online Savings Account
Marcus by Goldman Sachs ·
- APY
- 3.50%
- Minimum
- None
- Monthly fee
- None
Savers who want a high rate with no fees and no minimum
- No fees and no minimum deposit
- Same-day transfers of $100,000 or less to and from other banks
- Variable rate that can change at any time
- Maximum balance limits apply
Our verdict
Marcus Online Savings Account scores 3.5 out of 5 (70.6 of 100 points) in our method, which ranks it #3 of 8 verified savings accounts we compare. Best for: savers who want a high rate with no fees and no minimum.
Key terms
| APY | 3.50% |
|---|---|
| Minimum | None |
| Monthly fee | None |
| Deposit insurance | FDIC-insured, as stated by the provider |
| Terms verified | 11/03/2026 |
Pros and cons
Pros
- No fees and no minimum deposit
- Same-day transfers of $100,000 or less to and from other banks
Cons
- Variable rate that can change at any time
- Maximum balance limits apply
Who it is for
- A good fit: Savers who want a high rate with no fees and no minimum.
- Look at other options if any of these is a dealbreaker: variable rate that can change at any time; maximum balance limits apply.
How it compares
| Account | APY | Minimum | Monthly fee | Our rating |
|---|---|---|---|---|
| Synchrony Bank High Yield Savings | 3.75% | None | None | 3.7 |
| CIT Bank Savings Connect | 3.65% | $100 | None | 3.6 |
| Marcus Online Savings Account | 3.50% | None | None | 3.5 |
| Ally Bank Savings Account | 3.20% | None | None | 3.4 |
| Capital One 360 Performance Savings | 3.20% | None | None | 3.4 |
| American Express High Yield Savings Account | 3.20% | None | None | 3.4 |
| Quontic High Yield Savings | 3.20% | $100 | None | 3.3 |
| Wells Fargo Way2Save Savings | 0.01% | $25 | $5 | 1.2 |
See it in our full comparison: High-Yield Savings Accounts: Compared.
How we scored it
The score uses only the savings account’s published terms. Whether a provider pays us, or whether we have any agreement with it, plays no part. Read the full method.
| Part | Weight | This savings account |
|---|---|---|
| APY | 60 | 58 / 100 |
| Fees and minimums | 25 | 100 / 100 |
| Tools and service | 15 | not scored |
Frequently asked questions
What is the APY on the Marcus Online Savings Account?
Marcus by Goldman Sachs advertised an APY of 3.50% on 11/03/2026. Savings rates are variable and can change at any time, so check the current rate on the provider's site before you open an account.
Does the Marcus Online Savings Account have fees or a minimum deposit?
Monthly fee: none. Minimum to open: none. (Provider terms, verified 11/03/2026.)
Is the Marcus Online Savings Account FDIC insured?
Yes, according to the provider. FDIC insurance covers deposits up to $250,000 per depositor, per insured bank, per ownership category. You can check any bank in FDIC BankFind.
How much would $10,000 earn in a year?
At 3.50% APY, about $350 over 12 months if the rate did not change (APY already includes compounding). Try your own numbers in the compound interest calculator.
Sources
- Marcus by Goldman Sachs product page, read 11/03/2026
- FDIC: deposit insurance coverage
Terms change; confirm them on the provider’s site. Not financial advice.