Traditional savings accounts are more like storage accounts, often paying interest rates that start with zero. Instead of letting your money gather dust in a lower-rate account, try Marcus. Backed by the financial expertise of Goldman Sachs, our high-yield Online Savings Account rate is 4X the national average.
Annual Percentage Yield (APY) as of May 26, 2020. 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 May 26, 2020
Comparison banks' rates as of May 19, 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.
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 May 1, 2020. Our rate for purposes of this comparison as of May 1, 2020.
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 could really make a difference to your bottom line. Plus, the Marcus Online Savings Account has no fees, so you keep every dollar you earn. How do we do it? To start, we don’t have any branches, so we're able to offer our customers high rates – while providing convenient online banking backed by our 7-days-a-week, US-based Contact Center (just in case you want to talk to a real person).
Our high-yield Online Savings Account has a competitive rate and no fees. But a great savings account is more than simply a great rate. At Marcus, our Online Savings Account gives you the convenience of online banking plus the customer service you deserve:
Take a look at what a high-yield Online Savings Account could do for your savings. Try our calculator below – it’s like getting a sneak peek at your financial future…with just a few clicks.
It’s easy to schedule transfers between your Marcus Online Savings Account and your checking or savings accounts at other banks. Open an account now
You might be surprised when you compare the savings account rate at your current bank to what you could earn with a Marcus Online Savings Account. In fact, Marcus took to the streets of New York City to see people’s reactions when they heard what they could be earning with Marcus. Many of them were shocked.
Learn about strategies that can help grow your savings