Marcus Review (2026)
Marcus Online Savings, from Goldman Sachs Bank USA, suits savers who want a plain account with no fees, no minimum and no cap on the number of transfers. The one thing to know: it has no debit or ATM card, so it works as a parking spot, not a spending account. It paid 3.50% APY as of October 18, 2026 (variable).
By Wealthy Pot Editorial · Facts checked October 19, 2026
Facts checked October 19, 2026 against Marcus's own rate page, account disclosures and fee schedule (2 sources, listed below). We re-check prices about once a month. We do not earn a commission from Marcus by Goldman Sachs.
Marcus at a glance
| APY | 3.50%, as of October 18, 2026; variable; no balance tiers [1] |
|---|---|
| Minimum | $0 to open and no minimum balance [2] |
| Fees | No monthly fee; no fee to send or receive ACH or wire transfers [2] |
| Interest | Compounded daily, credited monthly [2] |
| Number of withdrawals | No limit on withdrawals or transfers [2] |
| ACH limit | $125,000 per outgoing transfer started online (call for more) [2] |
| Wire limit | Up to $50,000 per statement period online, to your own linked account [2] |
| Maximum balance | $1,000,000 per account; $3,000,000 per owner across Marcus deposits [2] |
| Card access | No debit or ATM card [2] |
| Deposits | Transfer, direct deposit or a check by mail; no cash [2] |
| Referral boost | +1.00% APY for 3 months for you and a new customer you refer [1] |
| Customer service | 1-855-730-7283, 24/7; chat in business hours [2] |
Marcus in official federal data
Rate compared with the national average
Marcus's savings APY of 3.50% (as of October 19, 2026) is about 9.2 times the FDIC's national average for savings accounts, 0.38% (as of October 19, 2026). On $10,000 kept for a year, that is about $350 in interest against $38 at the national average, before tax and assuming the rate stays the same (variable savings rates rarely do).
Who holds your money
- Deposits are held by Goldman Sachs Bank USA, FDIC certificate #33124, based in New York, NY, established August 30, 1990 according to the FDIC. Marcus is the consumer brand of Goldman Sachs Bank USA.
- FDIC insurance covers up to $250,000 per depositor, per insured bank, for each account ownership category. Money held at the same bank under another brand name counts toward the same limit.
- Size: $499 billion in deposits and $759 billion in total assets (June 30, 2026 call report). Primary federal regulator: Federal Reserve.
Customer complaints filed with the CFPB
From October 2025 through September 2026, consumers sent the Consumer Financial Protection Bureau 770 complaints about checking or savings accounts at GOLDMAN SACHS BANK USA, about 1.54 per $1 billion of deposits; the company responded on time to 99.6%. Complaint counts grow with the number of customers and cover the whole company, including checking accounts, and the CFPB does not verify each complaint, so treat them as a rough signal. Read the complaints.
Sources: FDIC BankFind (certificate, deposits and assets), FDIC national deposit rates (October 19, 2026), CFPB Consumer Complaint Database (product "Checking or savings account"). Updated monthly.
How Marcus works
Marcus is the consumer brand of Goldman Sachs Bank USA. The Online Savings Account pays one variable rate on the whole balance, with no tiers and no minimum, and credits interest monthly. Money comes in by transfer from a linked bank, direct deposit or a check sent by mail; Marcus does not take cash. Money goes out by ACH (up to $125,000 per transfer started online) or by wire to your own linked account, with no fee either way and no limit on how many transfers you make. You can also send direct deposit straight to Online Savings and schedule recurring transfers to and from it. The federal data block on this page compares the rate with the FDIC national average.
The account's one promotion is a referral boost: if you refer a friend who is new to Marcus, you both could get an extra 1.00% APY for 3 months on Online Savings (terms on Marcus's referral page). A hypothetical with $20,000 and today's rate held steady for a year: 3 months at 4.50% and 9 months at 3.50% gives a blended first-year yield of about (3 x 4.50 + 9 x 3.50) / 12 = 3.75%. That is roughly $20,000 x 0.0375 = $750, against $700 at 3.50% alone, so the boost is worth about $50 on that balance. This ignores compounding inside the year, and the base rate is variable.
Marcus also sells CDs, including no-penalty and rate-bump terms, which you can compare in our CD rates guide. For an emergency fund you plan to keep at Marcus, our emergency fund calculator helps size it.
Pros
- No limit on the number of withdrawals or transfers
- No fees for ACH or wire transfers
- No minimum to open or to earn the APY
- Phone support 24/7
Cons
- No debit or ATM card on savings
- No cash deposits; checks go by mail
- Online outgoing ACH capped at $125,000 per transfer
- Referral boost lasts only 3 months
Who Marcus fits, and who should skip it
A good fit if
- You want a no-fee, no-minimum savings account from one of the largest U.S. banks.
- You move money in and out often and do not want a monthly transaction cap.
- You keep large balances: transfers have no fee and accounts take up to $1,000,000 each.
Look elsewhere if
- You want an ATM card for cash access: Synchrony offers one on savings.
- You want checking and savings at one bank: Ally has both.
- You want the highest rate: Bread Savings paid more on our last check.
Limitations to know
- Marcus does not offer a debit card or ATM card for its savings accounts. [2]
- Outgoing ACH transfers started online are limited to $125,000 each; larger amounts need a phone call. [2]
- Online wires, when available, are limited to $50,000 per statement period. [2]
- Online Savings Accounts and CDs are capped at $1,000,000 per account and $3,000,000 per owner across Marcus deposit accounts. [2]
- Marcus does not accept cash; checks are sent by U.S. mail. [2]
Marcus compared with alternatives
| Account | APY | Monthly fee | To open | For the APY | Insurance |
|---|---|---|---|---|---|
| Marcus | 3.50% APY (Oct 2026) | $0 | $0 | $0 | FDIC-insured (Goldman Sachs Bank USA) |
| American Express Savings | 3.20% APY (Oct 19, 2026) | $0 | $0 | $0 | FDIC-insured (American Express National Bank) |
| Barclays | 3.50% APY under $250,000; 3.65% from $250,000 (Tiered Savings, Oct 7, 2026) | $0 | $0 | higher balance tiers | FDIC-insured |
| Synchrony Bank | 3.55% APY (Oct 2026) | $0 | $0 | $0 | FDIC-insured |
| Bread Savings | 4.05% APY (Oct 2026) | $0 | $100 | $100 | FDIC-insured (Comenity Capital Bank) |
- Pick American Express Savings if you want another big-name savings account with no minimum and high transfer limits.
- Pick Barclays if you keep $250,000 or more and want a tiered rate on top.
- Pick Synchrony Bank if you want an ATM card on your savings.
- Pick Bread Savings if you want a higher APY and can put in $100 to open.
Security and privacy
- Deposits are held at Goldman Sachs Bank USA, an FDIC member (certificate 33124). FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. [2]
- Every account owner, including joint owners, must complete a signature card for each account opened. [2]
- Transfers of $100,000 or less requested by 12 pm ET on a business day are processed by 5 pm ET that day. [2]
Recent changes
| Date | What changed |
|---|---|
| Oct 18, 2026 | Savings APY rose to 3.50%, from 3.40% at our September 2026 check. [1] |
Marcus FAQ
Is Marcus FDIC insured?
Yes. Marcus accounts are held at Goldman Sachs Bank USA, an FDIC member (certificate 33124). Deposits are insured up to $250,000 per depositor, per bank, per ownership category.
What is the Marcus savings rate today?
Marcus showed 3.50% APY on its Online Savings Account as of October 18, 2026. The rate is variable.
Does Marcus have a minimum deposit?
No. There is no minimum to open an Online Savings Account and no minimum balance.
How many withdrawals can I make from Marcus savings?
Marcus says there is currently no limit on the number of withdrawals or transfers. Dollar limits apply: $125,000 per outgoing ACH transfer started online.
Does Marcus have an ATM card?
No. Marcus does not offer a debit or ATM card for savings, so you move money to a linked checking account to spend it.
How we researched this review
We did not get paid for this page. On October 19, 2026 we read Marcus's own rate page, account disclosures, fee schedule and help pages, quoted each fact and link every one below. FDIC and CFPB figures come straight from the agencies' public data. We did not open an account to test it, and we do not rate banks with stars. Savings rates are variable; we re-check them about once a month.
Sources
- Marcus by Goldman Sachs, High-yield Online Savings Account, checked October 19, 2026.
- Marcus by Goldman Sachs, FAQs, checked October 19, 2026.
Head-to-head comparisons
This review is for general information, not financial advice. Savings rates are variable and can change at any time; confirm the current APY with the bank before opening an account.