Put the interest back into savings

Unlike traditional savings accounts, our Online Savings Account has a rate that’s 4X the National Average and offers convenient 24/7 account access – all backed by the financial expertise of Goldman Sachs.

 

  • No fees and no minimum deposit
  • Link other bank accounts for incoming and outgoing transfers
  • US-based Contact Center open 7 days a week
  • FDIC insured

Compare our rates

2.15
%
APY

Annual Percentage Yield (APY) as of August 19, 2019. APY may change at any time before or after account is opened. Maximum balance limits apply. A maximum of six (6) withdrawals or transfers per monthly statement period are allowed.

 

Our rates as of August 19, 2019
Comparison banks' rates as of August 13, 2019

 

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 Research Services, 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.

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 Research Services, 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  May 1, 2019. Our rate for purposes of this comparison as of May 1, 2019.

Online Savings Account

Put the interest back into savings

Annual Percentage Yield (APY) may change at any time, before or after account is opened.  APY as of August 19, 2019. $1 minimum to earn stated APY. A maximum of six withdrawals or transfers per monthly statement period are allowed.

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 Research Services, 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  January 4, 2019. Our rate for purposes of this comparison as of January 4, 2019.

How to open an account

It only takes a few minutes to start saving for your future

Click open an account

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

  

Have questions? We have answers.

Select a question to learn more.

Traditional savings accounts are more like storage accounts, often paying interest rates that start with zero. Instead of letting your money gather dust in these lower-rate accounts, the rate on a Marcus high-yield Online Savings Account can help your money work harder. Plus, the Marcus Online Savings Account has no fees, so you keep every dollar you earn.

We don’t have the overhead that comes with maintaining brick-and-mortar branches and we share that savings with our customers by offering high rates.

You can open an account with $0. You’ll need to make a deposit to earn interest, and our high rate and US-based customer service makes saving great.

We’re about saving, so our High-Yield Online Savings Accounts are focused on exactly that: there’s no monthly maintenance fee, no paper statement fee, no ACH transfer fee, no wire transfer fee. Other banks may charge you to send or receive money. We don’t.

You can set up transfers between Marcus and external banks by: Logging into your Marcus account or calling Marcus to initiate an ACH transfer, having an external bank (directly or through a third party) initiate an ACH Transfer, or by requesting a wire transfer. If you’re making a deposit, you also have this additional option: You can mail us a check.

Yes. Marcus savings accounts are provided by Goldman Sachs Bank USA. Goldman Sachs Bank USA is an FDIC member, which means that funds deposited in Marcus savings accounts are insured up to the maximum allowed by law. The FDIC insures deposits according to ownership category (such as individual, joint or accounts with beneficiaries). The current maximums are $250,000 in all your individual accounts combined, $250,000 per owner in all your jointly-owned accounts, and $250,000 in all the accounts where you are a named beneficiary.

Have questions? We have answers.

Select a question to learn more.

    Why move to Marcus?

    Why are your APYs high?

    No minimum deposit?

    No fees? Really?

    How do I transfer funds?

    Are you FDIC insured?

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."
Read more on Nerdwallet

Best Banks - 2019

"A reputable name, no fees, and one of the highest savings account APYs make Marcus by Goldman Sachs a top choice for online savings."
Read more on GOBankingRates

Looking for high-yield CDs?

With rates above the national average and terms from six months to six years, creating your safety net won't be a stretch.

We’re here to help

Savings Specialists are available Monday to Friday from 8 am – 10 pm E.T. and Saturday to Sunday from 9 am – 7 pm E.T.