Bank profile
Marcus by Goldman Sachs
We track 1 account from Marcus by Goldman Sachs, with a source and verification date on every figure. Its savings accounts product ranks 2nd of 6 in our lineup.
4.0Bank Compass score
4.9Mobile app rating
Bank Compass is not a bank, is not FDIC-insured, does not provide financial advice, and is not affiliated with the entities compared unless otherwise noted. Rates and terms change — always verify on the bank's official website.
Our take
By Victor Gil Vazquez · Reviewed 2026-08-21
One product, no branches, no fees, no minimum. Marcus is the clearest example in this catalog of what you get when a bank stops trying to be everything.
Five branches on half a trillion in deposits
Marcus by Goldman Sachs holds around $759 billion in assets and $499 billion in deposits — a larger deposit base than PNC or Truist — through five branches. That number isn't a rounding error in our data; it's the business model. Marcus takes deposits online and doesn't run a retail network at all.
The consequence shows up directly in the terms. Marcus High Yield Online Savings has no monthly fee and no minimum opening deposit: not a fee waived under conditions, but no fee to waive. Every branch bank in this catalog charges something on savings and then tells you how to avoid it. The overhead a branch network requires is precisely what pays for that structure, and Marcus doesn't have the overhead.
What you give up
There is no checking account, no debit card, no student account and no credit card in the Marcus lineup we track — one savings product, and that's the catalog. You cannot make Marcus your only bank. It's designed to sit alongside a checking account somewhere else, receiving transfers and paying interest.
There's also no branch to walk into if something goes wrong, and no cash deposits. For an emergency fund that's usually fine — the money moves by transfer anyway — but it does mean a one-to-three-day wait between deciding you need the money and having it in a spendable account. If that gap matters to you, keep a buffer in checking.
The Google Play rating of 4.9 is the highest in this catalog, which is what you'd expect from a bank whose app is the entire product rather than a companion to a branch.
What stands out
- No monthly fee and no minimum opening deposit — no conditions to track, because there's no fee to avoid.
- A $505 billion deposit base, larger than several full-service branch banks in this catalog.
- 4.9 on Google Play, the highest Android rating of any bank we track.
- FDIC-insured on the same terms as any branch bank — the lack of branches changes the service model, not the protection.
What to watch
- One product only. No checking, no debit card, no credit card, no student account.
- Five branches nationwide: no cash deposits and nowhere to resolve something in person.
- Transfers to an outside checking account take days, so this isn't where same-day money should sit.
- Savings APYs are variable everywhere, and a bank whose entire proposition is the rate can still reprice it at any time.
- Best for
- An emergency fund or savings goal held alongside a checking account at another bank, by someone who never needs a teller.
- Look elsewhere if
- You want one institution for everything, deposit cash regularly, or need money spendable the same day.
This section is our own assessment, written from the verified figures further down this page. It is not a recommendation, and no institution has any influence over it — see the advertiser disclosure and editorial policy.
Where Marcus by Goldman Sachs ranks
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Savings accounts
Marcus High Yield Online Savings
$0/mo fee · 3.40% APY
Use this APY
Digital banking
Marcus by Goldman Sachs offers a mobile app. Google Play rating: 4.9 / 5.
Related reading
The terms this profile uses, explained — before you decide whether Marcus by Goldman Sachs is the one.
- What Is the FDIC, and Is Your Money Actually Insured?The FDIC insures deposits at member banks up to $250,000 per depositor, per insured bank, for each…Guide · 4 min read
- What Is APY, and Why It Matters More Than the Interest RateAPY (Annual Percentage Yield) is the actual return you'll earn on a savings account in a year, including…Guide · 3 min read
- How to Choose a Checking Account Without Overpaying in FeesMost checking account fees are avoidable — but only if you actually meet the condition the bank sets…Guide · 3 min read
- Overdraft Fees: What They Are and the Setting That Turns Them OffAn overdraft fee is what a bank charges to cover a payment your balance could not. For debit card and…Guide · 4 min read
Run the numbers
What Marcus by Goldman Sachs's rates and fees are worth once your own figures are in them.
- Compound Interest CalculatorSee how your money grows with compound interest — add contributions and compare to the S&P 500's real historical returns.
- Credit Card Payoff CalculatorSee how long paying only the minimum really takes, and how much an extra $50 or $100 a month saves.
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