Guide to Savings Accounts
We cover everything from the fundamentals to savings strategies.
7 min read
7 min read
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Boost your savings with a Marcus Online Savings Account
Boost your savings with a Marcus Online Savings Account
Boost your savings with a Marcus Online Savings Account
3.40% APY
Online Savings Account Annual Percentage Yield 
- Earn a rate that's 8X the national average.
- Backed by the financial expertise of Goldman Sachs.
- No fees. No minimum deposit.
- Same-day transfers of $100,000 or less to/from other banks.
- Contact center available 24 hours a day / 7 days a week.
Marcus will process transfers of $100,000 or less made through Marcus by 12 pm ET on a business day, by 5 pm ET that day. For outgoing transfers, check with your external bank regarding availability of funds sent by Marcus. For incoming transfers, you’ll start earning interest on the transfer amount the day your request is received. All transfers are subject to conditions that may delay funds, such as transfers made in connection with an account closing.
The national average rate referenced is from the FDIC's published National Rates and Rate Caps for Savings deposit products, accurate as of May 18, 2026. See the FDIC website for more information.
Annual percentage yield as of June 04, 2026. APY may change at any time before or after account is opened. Maximum balance limits apply.
FDIC-Insured – Backed by the full faith and credit of the U.S. Government. Goldman Sachs Bank USA, Salt Lake City Branch.
FDIC-Insured – Backed by the full faith and credit of the U.S. Government. Goldman Sachs Bank USA, Salt Lake City Branch.
FDIC-Insured – Backed by the full faith and credit of the U.S. Government. Goldman Sachs Bank USA, Salt Lake City Branch.
Marcus Online Savings Account potential interest vs. other banks
Choose up to 4 banks to compare
Annual Percentage Yield (APY) as of June 04, 2026. 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, accurate as of May 18, 2026. See the FDIC website for more information. Rates of selected banks as reported by Curinos, www.curinos.com. Curinos 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 June 04, 2026.
Comparison banks’ rates as of June 02, 2026.
National Average rate effective as of May 18, 2026.
Annual Percentage Yield (APY) as of June 04, 2026. 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.
Special 14-month CD term length: Currently 4.00% APY
Take advantage of this limited-time offer to lock in a great rate on savings you don't need to access right away.
14-month term available until July 28, 2026. APY shown is effective as of June 04, 2026 and could change before your CD is opened and funded. $500 minimum.
Marcus Online Savings Account potential interest vs. other banks
Choose up to 2 banks to compare
Annual Percentage Yield (APY) as of June 04, 2026. 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, accurate as of May 18, 2026. See the FDIC website for more information. Rates of selected banks as reported by Curinos, www.curinos.com. Curinos 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 June 04, 2026.
Comparison banks’ rates as of June 02, 2026.
National Average rate effective as of May 18, 2026.
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How the Marcus Online Savings Account works
Open an account in minutes
Complete the application and open your account online or in the Marcus app. We don’t require a minimum deposit or a credit check.
Total deposits balance is for illustrative purposes only and reflects the total current balance across Marcus savings and CD accounts on which a customer is the primary or joint owner.
Link accounts and add money
Link your checking or savings accounts at other banks and transfer money into your Marcus savings account. You’ll start earning interest the day your transfer is initiated.
Transfer your money when you need it
Transferring money back to your checking account is easy: Same-day transfers are available and you can schedule transfers online, in the Marcus app or by phone.
How the Marcus Online Savings Account works
Open an account in minutes
Complete the application and open your account online or in the Marcus app. We don’t require a minimum deposit or a credit check.
Total deposits balance is for illustrative purposes only and reflects the total current balance across Marcus savings and CD accounts on which a customer is the primary or joint owner.
Link accounts and add money
Link your checking or savings accounts at other banks and transfer money into your Marcus savings account. You’ll start earning interest the day your transfer is initiated.
Transfer your money when you need it
Transferring money back to your checking account is easy: Same-day transfers are available and you can schedule transfers online, in the Marcus app or by phone.
Marcus will process transfers of $100,000 or less made through Marcus by 12 pm ET on a business day, by 5 pm ET that day. For outgoing transfers, check with your external bank regarding availability of funds sent by Marcus. For incoming transfers, you’ll start earning interest on the transfer amount the day your request is received. All transfers are subject to conditions that may delay funds, such as transfers made in connection with an account closing.
How the Marcus Online Savings Account works
Open an account in minutes
Complete the application and open your account online or in the Marcus app. We don’t require a minimum deposit or a credit check.
Total deposits balance is for illustrative purposes only and reflects the total current balance across Marcus savings and CD accounts on which a customer is the primary or joint owner.
Link accounts and add money
Link your checking or savings accounts at other banks and transfer money into your Marcus savings account. You’ll start earning interest the day your transfer is initiated.
Transfer your money when you need it
Transferring money back to your checking account is easy: Same-day transfers are available and you can schedule transfers online, in the Marcus app or by phone.
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Common Online Savings Account Questions
Resources that are helpful
Get fast, easy mobile access with the Marcus app
- Schedule transfers into and out of your accounts
- Review recent transactions and track your transfers
- See how much interest you’ve earned this year
See what our customers are saying about our Online Savings Account
See what others are saying
Ranked #1 in Customer Satisfaction with High-Yield Savings Accounts from Online-Only Banks
by JD Power
