About Marcus by Goldman Sachs
Goldman Sachs is a multinational investment bank that was founded in 1869 and is headquartered in Manhattan, New York City. It is one of the largest investment banks in the world and one of the largest in the country. Marcus by Goldman Sachs, was launched in 2016 as an online bank. It offers a limited number of CDs and one savings account with competitive APYs.
Marcus Overview
Marcus is an online-only bank that offers competitive yields on its high-yield savings account and its CDs. All CD accounts have a low minimum opening deposit, and its Online Savings account has no monthly service charge. Deposits and withdrawals are only done via transfers to and from another bank linked to a Marcus account.
| No monthly service charge and competitive APY on its Online Savings Account. | Withdrawals and Deposits are only possible via ACH from an external bank account. |
| Low $500 minimum opening deposit on its CD accounts. | Debit card is not available. |
| Customer service is available 24/7 via phone and chat. | Limited account offerings. |
Marcus Bank Product Offerings
Savings Accounts
Marcus only offers one savings account—its Online Savings Account. The APY is highly competitive, and there is no monthly service. Withdrawals and transfers are unlimited. Here are the latest savings account details for September 2025:
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Marcus offers three different types of CDs: high-yield, bump-up, and no-penalty, all with highly competitive APYs. All of the CDs have a low $500 minimum opening deposit. Here are some of their best CD offerings for September 2025:
Bank Fees
Overdraft fee: None
Savings and Money Market Account withdrawals: None
Account closure fee: None
Wire transfer fee: None
Non-network ATM fee: Not available
Monthly service charge: None
Stop payment fee: None
Paper statement fee: None
Marcus Features
Marcus offers a 24 hour a day, 7 days a week customer service line so customers are always be able to speak to someone at the bank. They have an easy-to-use website and mobile app to manage all accounts online or on a mobile phone.
Marcus Bank FAQs
Our Take
Marcus is an excellent online-only bank with competitive APYs across all of its products. They do not charge any monthly fees for any account, nor do they have any minimum deposit requirements, except for the CDs, which only require a minimum of $500 to open. The one downside is that accounts can only be funded via bank transfers from other banks. All in all, it is an excellent online-only bank for individuals who don't mind using it in conjunction with accounts at a different bank they may bank with.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.