Marcus by Goldman Sachs: Online Savings Account Interest Rate 2024

Marcus by Goldman Sachs’ Online Savings Account has an attractive rate and no monthly fees.
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Marcus by Goldman Sachs Online Savings Account
NerdWallet rating 

Marcus by Goldman Sachs’ Online Savings Account earns a competitive 4.40% APY (annual percentage yield) as of 4/3/2024.

This rate is much better than the national average rate of 0.45%, 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



Monthly fees


Minimum opening deposit


Minimum requirement to earn the high rate


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Marcus by Goldman Sachs historical savings rates

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.)

» Check out other high-interest rate options with NerdWallet’s best high-yield online savings 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.

Savings calculator: See how much interest you can earn with this account

Use this calculator to add up how much interest you could earn in a high-yield account over time. The higher the rate, the faster your money can grow.

Investment details

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