Marcus by Goldman Sachs Bank Review 2025: Savings and CDs

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.

• See the list of Marcus CD rates

  • 6-month CD: 4.20% APY.

  • 7-month no-penalty CD: 4.00% APY.

  • 9-month CD: 4.20% APY.

  • 11-month no-penalty CD: 3.90% APY.

  • 1-year CD: 4.10% APY.

  • 13-month no-penalty CD: 3.90% APY.

  • 18-month CD: 4.00% APY.

  • 20-month bump-up CD: 3.90% APY.

  • 2-year CD: 3.95% APY.

  • 3-year CD: 3.90% APY.

  • 4-year CD: 3.75% APY.

  • 5-year CD: 3.75% APY.

  • 6-year CD: 3.75% APY.

Competitive rate, no minimum. Marcus’ savings rate is 3.65% 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.

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.