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Marcus by Goldman Sachs: Online Savings Account Interest Rate
Marcus by Goldman Sachs’ Online Savings Account has an attractive rate and no monthly fees.
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NerdWallet's content is fact-checked for accuracy, timeliness and relevance. It undergoes a thorough review process involving writers and editors to ensure the information is as clear and complete as possible.
Margarette Burnette is a NerdWallet authority on savings, who has been writing about bank accounts since before the Great Recession. Her work has been featured in The Associated Press, USA Today and other major newspapers. Before joining NerdWallet, Margarette was a freelance journalist with bylines in magazines such as Good Housekeeping, Black Enterprise and Parenting. She is based near Atlanta, Georgia.
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Marcus by Goldman Sachs’ Online Savings Account earns a competitive 3.65% APY (annual percentage yield) as of 05/27/2025.
This rate is much better than the national average rate of 0.39%, and is among the best savings rates around. Also, there are no monthly fees. The savings account is offered by Goldman Sachs Bank, which is a brand of the financial giant Goldman Sachs.
Marcus by Goldman Sachs high-yield savings account: rates and fees
4.00%Annual Percentage Yield (APY) is accurate as of 10/09/2025. APY may change at any time before or after the account is opened. Available only online.
5.00%Annual Percentage Yield (APY) is accurate as of June 17th, 2025. Start earning 2.50% APY, then qualify to earn 5.00% APY on your balance up to $5,000.00 and 2.50% APY on balances over $5,000 next month by 1) Receiving direct deposit(s) totaling $1,000 or more; and 2) Ending the month with a positive balance in all your Varo Accounts. No fees, no minimums required. Rates subject to change at any time.
3.50%Annual Percentage Yield (APY) may change at any time and fees may reduce earnings. Please visit etrade.com/ratesheet for more information.
Min. balance for APY
$0
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
Up to 4.15%The Base Annual Percentage Yield (APY) is 3.50%, from program banks, is as of 11/07/25, is variable and is subject to change. If you are eligible for the overall boosted rate of 4.15% offered in connection with this promo, your boosted rate is also subject to change if the base rate decreases during the three-month promotional period. This limited-time promo offers eligible new Wealthfront clients a 0.65% APY increase over the standard base APY for 3 months on up to $150k in their Cash Accounts. Cash Account offered by Wealthfront Brokerage LLC, Member FINRA/SIPC, and is not a bank. Base APY (is representative, subject to change, requires no minimum) is paid from our Program Banks.
3.90%Cash Reserve offered by Betterment LLC and requires a Betterment Securities brokerage account. Betterment is not a bank. Learn More (https://www.betterment.com/cash-portfolio). Annual percentage yield (variable) is 3.25% as of 12/12/25, plus a 0.65% boost (“APY Boost”) for new clients with a qualifying deposit. $10 min deposit for base APY. Terms apply (betterment.com/boost); if the base APY changes, the Boosted APY will change. FDIC insurance provided by Program Banks (https://www.betterment.com/cash-portfolio), subject to certain conditions.
Min. balance for APY
$0
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
4.10%All Bread Savings APYs are accurate as of 12/04/2025. APYs are subject to change at any time without notice. Offers apply to personal accounts only. Fees may reduce earnings. To open a CD, a minimum of $1,500 is required and must be deposited in a single transaction. A penalty will be imposed for early withdrawals on CDs. At maturity, your CD will automatically renew and earn the base interest rate in effect at that time. Rates are compared against competitor rates published by NerdWallet.com and the institutions themselves as of 12/04/2025. NerdWallet.com obtains the data from the various banks that it tracks and its accuracy cannot be guaranteed.
4.10%Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.
Term
9 months
Checking accounts are used for day-to-day cash deposits and withdrawals.
Checking accounts are used for day-to-day cash deposits and withdrawals.
2.00%Annual Percentage Yield (APY). APY may change at any time and fees may reduce earnings. Please visit etrade.com/ratesheet for more information. The $15 monthly account fee can be waived when you maintain an average monthly balance of at least $5,000 in the account on or after the end of the second calendar month from opening the account.
Monthly fee
$15
Money market accounts pay rates similar to savings accounts and have some checking features.
Money market accounts pay rates similar to savings accounts and have some checking features.
Rates for this savings account have consistently been among the highest, much higher than the national average. And the account is regularly featured in NerdWallet’s “best of” lists for savings accounts and savings rates.
However, some of the highest online savings rates are around 5%. So while Marcus’ yields are strong, there are accounts with higher APYs.
How the Marcus by Goldman Sachs savings account compares with other online savings accounts
The best online savings accounts offer strong rates and have low or no monthly fees. The account from Marcus by Goldman Sachs checks those boxes.
Some high-yield savings accounts have minimum opening deposits of $1,000 or more, though many others are similar to Marcus and allow you to get started saving with any amount. However, unlike some other online options, Marcus doesn't support opening a trust or custodial account. So this product is best for single or joint account holders. (Read more about trust and custodial accounts.)
FDIC insurance for savings accounts
As a Goldman Sachs Bank offering, this savings account is federally insured by the Federal Deposit Insurance Corp. up to $250,000 per depositor, per insured bank, for each account ownership category. (Examples of ownership categories are single accounts and joint accounts.) This is typical for both brick-and-mortar and online banks.
Goldman Sachs Bank also offers FDIC-insured high-rate online CDs, but the institution doesn't offer a checking account. If you’re looking to do all of your banking in one place, this might not be the right place for you. But if you’re looking to park your savings at an online-only institution and earn high yields, this bank is worth considering.
