Marcus by Goldman Sachs Review 2026
Goldman Sachs' consumer savings brand: high-yield savings and no-penalty CDs with no fees, no minimum deposit and no monthly charges.
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Quick Facts
What is Marcus by Goldman Sachs?
Marcus by Goldman Sachs launched in 2016 as the consumer arm of Wall Street giant Goldman Sachs, and it has become one of the most trusted names in US online savings. The High-Yield Online Savings Account pays a variable APY that consistently competes at the top of the market, with no monthly fees, no minimum deposit and no minimum balance — you can open an account with as little as $1. Marcus also offers No-Penalty CDs (withdraw early without forfeiting interest, after a short initial wait) and fixed-rate CDs, and it lets you link external bank accounts for easy transfers. One trade-off to know: Marcus caps daily outbound transfers, so moving very large sums to another bank takes a few days of planning. Deposits are FDIC-insured.
Key Features of Marcus by Goldman Sachs
High-yield online savings
A variable APY that consistently ranks among the best US online savings rates — check the current rate at Marcus.
No-penalty CDs
Lock a fixed rate and withdraw after the first week without an early-withdrawal penalty.
No fees or minimums
No monthly fees, no minimum deposit and no minimum balance requirements.
External account linking
Link any US bank account for straightforward transfers in and out.
Automated savings tools
Set recurring transfers and named sub-goals within your savings dashboard.
Marcus by Goldman Sachs Pros & Cons
Advantages
- Backed by Goldman Sachs, a leading global financial institution
- Consistently competitive variable APY on savings
- No monthly fees, no minimum deposit and no minimum balance
- No-penalty CD option provides flexibility with a fixed rate
- Clean, simple app focused on saving rather than spending
Disadvantages
- No checking account or debit card — savings only, no everyday spending
- Daily outbound transfer limit can slow very large withdrawals
- APY is variable and can fall when market rates fall
Who is Marcus by Goldman Sachs Best For?
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Frequently Asked Questions About Marcus by Goldman Sachs
Is Marcus by Goldman Sachs safe?
Marcus by Goldman Sachs is a regulated financial services provider. Digital Bank Networks only features regulated, vetted affiliates. Always review the provider's terms, fees, and regulatory status before transferring funds. CFD and forex trading carries risk — please read all risk disclosures before trading.
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Read reviewAffiliate Disclosure: Digital Bank Networks is a comparison and review platform. Some links on this page are affiliate links — if you open an account through them, we may earn a commission at no additional cost to you. Our editorial opinions are independent and not influenced by affiliate relationships. Reviews are based on publicly available information and user feedback.
Risk Warning: Trading forex and CFDs involves significant risk of loss and may not be suitable for all investors. Past performance is not indicative of future results. Please ensure you fully understand the risks involved before investing.