What to Know About Our

Online Savings Account Rate

Unlike traditional savings accounts, our Online Savings Account has a rate that’s 4X the National Average. At Marcus, we strive to offer you highly competitive rates and long-term value to help you reach your savings goals. 

3.00% APY

Online Savings Account
Annual Percentage Yield

Annual Percentage Yield as of December 07, 2022. APY may change at any time before or after account is opened. Maximum balance limits apply.

The National Average is based on the APY average for savings accounts with a minimum balance of at least $2,500 offered by the top 50 US banks (ranked by total deposits) as reported by Informa Financial Intelligence, www.informars.com. Informa has obtained this data from various financial institutions that it tracks and its accuracy cannot be guaranteed. All APYs are subject to change. National Average rate effective as of July 5, 2022. 

Federal Funds Rate on the Rise?

What It Means For Your Savings (5 min read)

  • The Federal Reserve is expected to continue raising rates in 2022 to help bring inflation under control.
  • When the Fed raises rates, banks tend to increase the interest rates they offer on deposit accounts.
  • For 2022, Goldman Sachs Research’s baseline forecast anticipates seven rate hikes.

The Federal Reserve is expected to continue raising rates in 2022 to help bring inflation under control.

When the Fed raises rates, banks tend to increase the interest rates they offer on deposit accounts. 

For 2022, Goldman Sachs Research’s baseline forecast anticipates seven rate hikes.

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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 December 07, 2022. 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 offered by the top 50 US banks (ranked by total deposits). Rates of selected banks and the National Average 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 December 07, 2022.
Comparison banks’ rates as of December 06, 2022.
National Average rate effective as of December 06, 2022.

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