Available nationwide, Marcus by Goldman Sachs Online Savings is offering a 1.90% APY Rate. Definitely continue reading below for everything you would need to know about the attractive account and rate!
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Marcus by Goldman Sachs Online Savings Review
They are an online bank offering competitive rates on savings accounts and liquid CDs. Marcus keeps things simple and inexpensive, but there’s no checking account or debit card for spending.
I’ll review Online Savings below.
Marcus by Goldman Sachs Online Savings Rate
- Eligible account: Online Savings
- Credit inquiry: Soft Pull
- Where it’s available: Nationwide
- Monthly fee: None
The Marcus Online Savings Account rate is much higher than the national average annual percentage yield (APY). On top of that, there are no monthly fees or any sort of minimum deposit to open an account.
If you’re looking to move money around, this may not be a great option as this bank offers less options for withdrawing money. In example, you aren’t able to just make a withdrawal from an ATM. However, you’re able to move money from your account to an external account, via check, or wire transfer with same-day transfers of $100,000 or less.
In regards to depositing money into the account, you’re able to send check by mail, domestic wire transfer, or simply set up direct deposit or money transfers.
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How to Earn Rate
- Open an Online Savings account
- Maintain any balance amount and earn the 1.90% APY rate.
|Balance Requirement||APY Rate|
- You be able to initiate same-day transfers up to $100,000.
- There is a maximum limit of $1 million per account, (up to $3 million per account owner).
Marcus by Goldman Sachs Account Features
- No minimum deposit to open
- No transaction fees
- Customer deposit limits apply
- Multiple ways to access your money
- Interest compounded daily, paid monthly
- Rate is variable and may change after the Account is opened
- Six withdrawal limit per statement cycle
- FDIC insurance up to the maximum allowed by law
Are My Funds Safe?
Yes, your funds are FDIC insured up to the maximum allowed by law, which is currently $250,000 for all your individually-owned accounts combined, $250,000 per owner for all your jointly-owned accounts, and $250,000 per beneficiary for accounts with payable-on-death (POD) designations.
Marcus by Goldman Sachs is offering a great APY Rate for their Online Savings Account. Definitely open an account so you can start saving with a fantastic account while offering a competitive APY Rate.
In addition to the rate from Marcus by Goldman Sachs, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.
Let us know about your experience with this bank and comment below.
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