Marcus by Goldman Sachs Bank Review 2026: Savings and CDs
- +1
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Overview
If you’re simply looking to increase your savings, this online bank by the Wall Street giant Goldman Sachs can be a good choice. Rates are competitive and there are no monthly fees, plus savings accounts have same-day online transfers of relatively high amounts. But the bank doesn’t offer checking accounts and lacks other features that most other online banks have, such as mobile check deposit and a free ATM network.
In 2026, Marcus won NerdWallet’s annual award for best bank or credit union for certificates of deposit.
Competitive rates on savings account and CDs.
No monthly fees.
24/7 customer service by phone.
No cash deposit.
No branch access.
No checking account offered.
Product reviews
Certificates of deposit
High rates, low minimum. Some of Marcus’ CD rates are typically among the best on the market, and it has more term lengths than some of its competitors: You can deposit your money for up to six years. There's a $500 minimum deposit, and the bank's CD guarantee lets you receive the highest rate offered within 10 days of opening your CD.
» COMPARE: See our list of best CD rates
No-penalty CDs. Once a Marcus CD matures, there’s a 10-day grace period before it automatically renews, and that period is the only time to withdraw for free for most Marcus CDs. The exception is three no-penalty CDs, which provide the flexibility to withdraw early at no cost. (See the best no-penalty CDs.)
Bump-up CD. Marcus’ third type of CD, what it calls a “Rate Bump CD,” lets you raise the rate once during the CD term, as long as the bank has raised rates on its new Rate Bump CDs since you opened your account.
» Learn more details about Marcus CD rates
Full List of CD Rates
| Term | APY | Min Deposit |
|---|---|---|
| 6 months | 3.95% | $500 |
| 7 months no-penalty | 3.75% | $500 |
| 9 months | 4.00% | $500 |
| 11 months no-penalty | 3.80% | $500 |
| 1 year | 3.90% | $500 |
| 13 months no-penalty | 3.80% | $500 |
| 14 months | 4.00% | $500 |
| 1.5 years | 3.80% | $500 |
| 20 months bump-up | 3.75% | $500 |
| 2 years | 3.70% | $500 |
| 3 years | 3.70% | $500 |
| 4 years | 3.70% | $500 |
| 5 years | 3.80% | $500 |
| 6 years | 3.80% | $500 |
Marcus by Goldman Sachs High-Yield CD
Savings
Competitive rate, no minimum. Marcus’ savings rate is 3.40% APY, which is much higher than the national average rate of 0.38%. There's no minimum deposit to open the account, and there are no monthly fees.
Same-day transfers available. Marcus offers same-day online transfers up to $100,000 which involve a linked external account, though delays can occur from the other bank. For sending larger amounts, you’ll generally need to call the bank. Note that Marcus doesn’t offer Zelle transfers, which involve a network of near-instant transfers at many banks. Zelle’s transfer amount limits vary by bank and can be far lower than what Marcus offers.
Several transfer options, but no physical cash in or out. The bank has fewer options than others for withdrawing money — you can’t make a cash withdrawal from an ATM, for example. But you can transfer money to an external bank account, wire transfer it or request a check. To deposit money into the account, you can set up direct deposits or transfers, send a check by mail or send a domestic wire transfer.
» Weigh your options with NerdWallet’s best high-yield savings accounts.
Customer experience & overdraft fees
Customer experience
No branches but robust digital banking. As an online bank, Marcus by Goldman Sachs doesn’t have a branch network, so your options for accessing your accounts are online, by mobile app and over the phone. For questions, there’s a comprehensive FAQs section on the bank’s website, live chat for logged-in customers and a customer support phone line available 24/7.
High app ratings. The Marcus mobile apps for iOS and Android are highly rated and allow users to check balances and make transfers. But to deposit checks, you have to mail them.
» SEE MORE: on our list of the best online banks
Web experience
StrongMobile apps
Highly ratedPhone support
24/7Branches
Online onlyRating methodology
How we rate banks and credit unions
Banking writers and editors use an objective methodology to rate banks, credit unions, and other providers, and to recommend the best products.
100+
Financial institutions reviewed
100+
Financial institutions reviewed
We took a close look at around 100 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.
30+
Categories assessed
30+
Categories assessed
Each provider is evaluated across five weighted categories and 30 subcategories, including checking and savings accounts, certificates of deposit, customer experience, and overdraft services. For banks or credit unions without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
60+
Data points analyzed
60+
Data points analyzed
We considered more than 60 data points for each provider. Depending on the category, these included account fees and rates (such as annual percentage yields), ATM and branch access, account features, account bonuses, customer service access and user-facing technology, such as innovative tools and mobile apps. We gathered this information for each financial institution from its website, a media representative or both.
Star rating categories
The review team is made up of seasoned writers and editors who cover personal banking deposit accounts, such as checking, savings and certificates of deposit, as well as related banking services, such as overdraft programs and ATM networks. For providers without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
Financial institutions and providers surveyed are: Affirm, All America Bank, Alliant Credit Union, Ally Bank, Alto, Amalgamated Bank, American Express National Bank, Andrews Federal Credit Union, Associated Bank, Axos Bank, Bank of America, Bank5 Connect, Barclays, Bask Bank, BMO, Boeing Employees Credit Union, Bread Savings®, BrioDirect, Capital One, Cash App, CFG Bank, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens Access, Citizens Bank, Climate First Bank, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Customers Bank, Discover® Bank, E*TRADE, EverBank, Fifth Third Bank, First Foundation, First Internet Bank, First Tech Federal Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, GO2bank, Golden 1 Credit Union, Hope Credit Union, HSBC Bank, Huntington Bank, Ivy Bank, KeyBank, Lake Michigan Credit Union, LendingClub Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, My Banking Direct, NASA Federal Credit Union, Navy Federal Credit Union, NBKC, Newtek Bank, OMB Bank, OnePay, Openbank, PayPal, Peak Bank, Pentagon Federal Credit Union, PNC, Poppy Bank, Popular Direct, Quontic Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Securityplus Federal Credit Union, Self-Help Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Synchrony Bank, TAB Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, Upgrade, USAA Bank, Valley Bank, Varo, Venmo, Vio Bank, Wells Fargo, Western Alliance Bank, Zolve and Zynlo Bank.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for banks and credit unions and our editorial guidelines.
Frequently asked questions
Is Marcus by Goldman Sachs legit?
Yes, Marcus is a legitimate set of banking products and services offered by Goldman Sachs. These services include savings accounts, certificates of deposit and personal loans.
Marcus by Goldman Sachs accounts are insured by the FDIC, and its apps have high ratings from both Apple and Google users.
How do I withdraw money from my Marcus account?
To withdraw money from the Marcus Online Savings Account, customers can transfer to an external bank account, wire transfer their funds or request a check.
Does Marcus by Goldman Sachs have branches?
No, Marcus is an online-only bank and does not have physical branches.
How much money do I need to open an account with Marcus?
There is no minimum deposit requirement to open a Marcus Online Savings Account. However, if you don’t fund your account within 60 days of account opening, Marcus may close your account. The minimum deposit to open a Marcus CD is $500.