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Give your savings a boost with a Marcus Online Savings Account

It only takes a few minutes to start earning competitive rates on a high-yield savings account from Marcus.

4.40%APY

Online Savings Account

Annual Percentage Yield

All savings deposits products provided by Goldman Sachs Bank USA, Salt Lake City Branch.

Earn a rate that's
8X the national average.
Backed by the financial expertise of Goldman Sachs.
No Fees. No Minimum Deposit.
Same-day transfers
of $100,000 or less to/from other banks.
Contact Center available 24 hours a day / 7 days a week.

Open a savings account with Marcus in 3 easy steps

Complete your application

Your application can be submitted through the Marcus website or mobile app.

Link accounts

Link your existing checking or savings account to Marcus.

Transfer funds

Fund your new Marcus account by transferring funds from your linked account.

Calculate your Marcus savings with Bankrate's calculator

Interest earned$0.00

Total Contributions$0.00

Initial Deposit$0.00

Total Savings$0.00

Dive deeper with Bankrate’s expert analysis

Matthew Goldberg

Bankrate financial expert

Benefits of Marcus

Marcus by Goldman Sachs consistently offers high yields.
There’s no minimum deposit required to open a Marcus Online Savings Account.
Marcus by Goldman Sachs has customer service representatives available 24/7.

Good to know

There are some other banks that offer a higher yield.
The Marcus by Goldman Sachs Online Savings Account doesn’t allow mobile check deposits. You’ll need to mail checks to the bank.

Rated 4.7

Bankrate’s FAQs about high-yield savings accounts

Essentially, a high-yield savings account is a savings account with a higher interest rate than traditional savings accounts.
In savings accounts, interest is the amount of money you earn for leaving your money deposited with a bank. It’s typically expressed as an annual percentage yield (APY), which is the amount of interest you could earn over a year, assuming that funds are not added or withdrawn. APY accounts for compound interest, which is effectively making money on your money. The more often the interest compounds, the more money you could earn.
Savings accounts can play a crucial role in your financial health. Unlike a CD, which forces you to lock up your money for a specified period of time, there’s no set term for maturity with a savings account. So, a savings account is a good spot to park your emergency fund. A CD isn’t a good place for emergency savings since withdrawing your money before the CD term ends will likely result in a potentially costly fee.
People who may benefit from opening a high-yield savings account include:
- Future retirees: A savings account is one of the vehicles that should be used to prepare for retirement and should be a part of your retirement plan.
- Disciplined planners: It’s critical to have an emergency savings account. This account should be able to cover at least six months’ worth of expenses. You never know what the future will hold.
- Travelers: Planning a trip can be a fun part of traveling, and you can use your savings account to create a travel budget. Set up a recurring transfer from your checking account into your savings account so you don’t forget to save for your vacation.
- Future homeowners: A savings account at an FDIC-insured bank is the perfect place for your future downpayment on a home. Automate your savings to make sure you achieve your goal of homeownership.
- Is the account FDIC insured?
- Is the APY competitive?
- How frequently interest is compounded?
- What is the minimum balance or minimum opening deposit?
- How is the customer service and support availability?
You can learn more about high-yield savings accounts on Bankrate.

Marcus by Goldman Sachs® is a brand of Goldman Sachs Bank USA and Goldman Sachs & Co. LLC ("GS&Co."), which are subsidiaries of The Goldman Sachs Group, Inc. All deposit products are provided by Goldman Sachs Bank USA, Salt Lake City Branch. Member FDIC. © 2024 The Goldman Sachs Group, Inc. All rights reserved.

Calculate your Marcus savings with Bankrate's calculatorThe Estimated Interest Earned is generated by Bankrate may not reflect actual interest earned at Goldman Sachs Bank USA. Please visit this link for an estimate on interest earned on a Marcus High-Yield Certificate of Deposit.

Calculate your Marcus savings with Bankrate's calculator