What to Know About Our

Online Savings Account Rate

Unlike traditional savings accounts, our Online Savings Account has a rate that’s 8X the National Average. At Marcus, we strive to offer you highly competitive rates and long-term value to help you reach your savings goals. 

Unlike traditional savings accounts, our Online Savings Account has a rate that’s 8X the National Average. At Marcus, we strive to offer you highly competitive rates and long-term value to help you reach your savings goals. 

4.50% APY

Online Savings Account
Annual Percentage Yield

Annual Percentage Yield as of February 27, 2024. APY may change at any time before or after account is opened. Maximum balance limits apply.

The national average rate referenced is from the FDIC's published National Rates and Rate Caps for Savings deposit products, accurate as of February 20, 2024. See the FDIC website for more information.

Federal Funds Rate:
What It Means for Your Savings

(5 min read)

  • The federal funds rate can influence interest rates that banks offer across various deposit accounts.
  • At the January FOMC meeting, the Federal Reserve held the target rate steady at 5.25-5.5%.
  • Looking ahead, Goldman Sachs Research economists anticipate the first rate cut to come in May.
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Backed by the financial expertise of Goldman Sachs, Marcus was created to help people achieve financial well-being. 

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Savings Interest Calculator

See how we stack up

Annual Percentage Yield (APY) as of February 27, 2024. APY may change at any time before or after account is opened. Maximum balance limits apply

This calculator is for illustrative purposes only and may not apply to your individual circumstances. Calculated values assume that principal and interest remain on deposit and are rounded to the nearest dollar. All APYS are subject to change.

Rates of the selected banks reflect New York savings rates for similar products at the select banks with a minimum balance of $2,500. Rates may vary by state and do not account for bonus, special or promotional APYs. National Average is based on the APY average for savings accounts with a minimum balance of at least $2,500 as reflected in the FDIC's published National Rates and Rate Caps for Savings deposit products. See the FDIC website for more information. Rates of selected banks as reported by Informa Financial Intelligence, www.informars.com. Informa has obtained the data from the various financial institutions that it tracks and its accuracy cannot be guaranteed. This calculator does not include all savings accounts available in the marketplace.

Our rate as of February 27, 2024.
Comparison banks’ rates as of February 20, 2024.
National Average rate effective as of February 20, 2024.

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