The high-yield Online Savings Account you deserve

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Our award-winning savings account provides a rate that’s 4X the National Average (try our Calculator), is easy to set up and offers convenient 24/7 account access online or via the Marcus app – all backed by the financial expertise of Goldman Sachs.

No fees and no minimum deposit
Same-day transfers of $100,000 or less to/from other banks
Link other bank accounts for incoming and outgoing transfers
US-based Contact Center open 7 days a week
FDIC insured

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0.80

%

APY

Annual Percentage Yield (APY) as of August 09, 2020. APY may change at any time before or after account is opened. Maximum balance limits apply.

Our rates as of August 09, 2020
Comparison banks' rates as of July 21, 2020

The comparison is limited to the largest US banks and does not include rates of other online banks. Rates of the selected banks were obtained from Informa Financial Intelligence, www.informars.com, and reflect New York high yield savings rates for similar products offered at the select banks with a minimum balance of at least $2,500. Informa has obtained the data from the various financial institutions that it tracks and its accuracy cannot be guaranteed.

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The National Average is based on the APY average for high-yield 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 the 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 7, 2020. Our rate for purposes of this comparison as of July 7, 2020.

Marcus will complete 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, Marcus will post funds to your account and you’ll start earning interest on the day they’re received, but those funds will remain subject to Marcus’ funds availability rules.

How to open an account

It takes just minutes to start saving for your future

Click Open Now

Begin our secure (and fast) account opening process

Enter your information

Including your name, address, date of birth and Social Security Number

Transfer funds

Link to your account at another bank

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Savings Interest Calculator: See How Much Interest You Could Earn

Try our savings interest calculator to see how much interest you could be earning with a Marcus Online Savings Account vs. other banks. Our savings interest calculator is designed with transparency in mind to help you achieve your financial goals.

Annual Percentage Yield (APY) as of August 09, 2020. APY may change at any time before or after account is opened. Maximum balance limits apply. A maximum of six (6) withdrawals or transfer per monthly statement period are allowed.

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 high yield 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 August 09, 2020.
Comparison banks’ rates as of July 21, 2020.
National Average rate effective as of July 21, 2020.

See what others are saying

Best Banks for Savings - 2019

"Marcus' high-rate savings account is a terrific option for parking your emergency fund and earning top interest."

Best Savings Accounts - 2020

“Goldman Sachs is one of the most well-known names in banking, and its consumer division Marcus offers a user-friendly, no-fee, high-interest savings account.”