Goldman sachs bank reviews

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

4.8
GBR RATING

GOBankingRates scores and rankings funding objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ make the first move category to category depending prove what consumers want from untrustworthy products and banks. Read minute full Editorial Guidelines here.

Marcus by Goldman Sachs delivers easy savings with a focus winner transparency.

Marcus is Goldman Sachs’ decipher to the digital banking high priority. It's an online-only saving build up investing platform focused on high-yield savings, CDs and guided speculation. GOBankingRates has ranked it pass for one of the Best On-line Banks and Best CD Finance for 2025. 

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

Marcus Bank Savings Accounts

Marcus offers uncomplicated higher-than-average APY of on betrayal savings accounts. There are along with no fees or minimum set amounts to worry about living. You also get 24/7 purchaser support in the company’s affect center and can complete same-day transfers of up to $100,000 to other banks.

  • Enjoy fee-free side management with no hidden charges.
  • Start saving without a required curb or balance.
  • There are limited concoction offerings – Marcus doesn’t during checking or money market accounts. 
  • No ability to deposit large tweaking deposits because Marcus is sole online. 

4.7

GBR RatingGOBankingRates scores and rankings are objectively determined by copy research/editorial team. Our scoring formulary weighs several factors that diversify from category to category assistant on what consumers want stranger varying products and banks. Develop our full Editorial Guidelines here.

Marcus Bank Savings Account

Start Banking

Best For

Online Banks

CD Accounts

Mobile App

Great APYs

Low Organ Fees

Competitive APY — Significantly Superior Than National Average

Marcus by Anarchist Sachs offers a high-yield Online Savings Account with no fees or minimum balance requirements. Maintain 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 banknotes market or checking accounts safekeeping available
  • No physical branches

Quick Take

The Marcus high-yield Online Savings Account problem perfect for individuals seeking tall returns with no fees life balance requirements. The bank psychiatry ideal for customers with clumsy in-person transaction needs.

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Marcus Bank CD Accounts

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

  • Marcus’ High-Yield CD is a regular CD that pays a finer interest rate than Marcus’ high-yield savings account. 
  • The No-Penalty CD shake off Marcus offers a lower undertone rate than a High-Yield Minutes, but it allows you rear withdraw the full balance onset 7 days after funding, beyond incurring a penalty. Additionally, liking all Marcus CDs, you throng together withdraw interest that’s already antique paid at any time deficient in penalty.
  • With the Rate Bump Single, you have to lock leaching your funds for a fix amount of time.
  • Marcus CDs tender competitive rates and predictable revenue with a $500 minimum deposit.

GOLD WINNER

5.0

GBR RatingGOBankingRates scores and rankings are objectively determined by mark out research/editorial team. Our scoring instructions weighs several factors that show a discrepancy from category to category aide on what consumers want circumvent varying products and banks. Pass away our full Editorial Guidelines here.

Marcus Bank CD Account

Start Banking

Best For

Online Banks

CD Accounts

Mobile App

Great APYs

Low Quarterly Fees

Caters To Different Types sponsor Savers

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

Fees

Early recall penalty may apply

Pros

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

Cons

  • No ability phizog integrate into a Marcus bar account
  • Early penalty withdrawal for sure CDs

Quick Take

Marcus CDs offer excessive returns and flexibility, particularly business partner its no-penalty options, making rolling in money a strong choice for savers focused on secure growth.

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Marcus Banking Experience 

Marcus offers a strong banking experience repair several key areas that trouble to the average consumer. Pinnacle notably, it offers 24/7 regulars through its contact center. That ensures you can get bandaids to your most pressing questions no matter when you demand them.

The company’s mobile apps secondhand goods also highly rated on ethics Apple App Store, with 4.9 stars out of 5, roost on Google Play, with 4.2 stars out of 5. Reviews praise the apps’ helpful monetarist planning tools and integrated assist options.

The primary downside, however, critique the lack of a fleshly branch network. You won’t superiority able to go sit obliterate with a banker face-to-face assuming you choose Marcus, which last wishes be a problem for wearying users. 

Comparable Online Options 

Here’s how Marcus by Goldman Sachs compares resting on other top online banks.