Marcus by Goldman sachs savings account review

Do you want to explore all the features of the Marcus by Goldman Sachs savings account? Responsible Economy has conducted an in-depth analysis of the Marcus by Goldman Sachs savings account, covering its requirements, advantages, interest rates, and everything you need to know. Additionally, we offer a comparison with the best savings accounts available in the United States in 2023. Welcome!

Explicative video

We have created a video summarizing all the key features of the Marcus by Goldman Sachs savings account in a simple and easy-to-understand manner. If you find our content valuable, consider supporting us with a subscription to receive daily videos.

Features

In this section, we will go over the features of the Marcus by Goldman Sachs savings account:

Rates

One of the most critical aspects of a savings account is the interest rate it offers. The Marcus by Goldman Sachs savings account provides one of the highest interest rates in the United States. Currently, the yield is 4.30% APY.

Fees

This savings account does not charge any commissions. You can open the account, and if you don’t use it, you won’t have to pay any fees.

Minimum deposit

You can open the Marcus by Goldman Sachs savings account without having to make a minimum deposit.

Comparison with the best checking accounts

We have compared the Marcus by Goldman Sachs savings account with the best savings accounts you can open in the United States:

CIT Bank Logo
  • 4.05% APY
  • Minimum deposit: $100
  • No welcome bonus
  • Member FDIC
Marcus by Goldman Sachs
  • 4.30% APY
  • Minimum deposit: $0
  • Welcome bonus: $100
  • Member FDIC
synchrony-bank-logo
  • 4.35% APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC
Logo Sofi
  • 4.50% APY
  • Minimum deposit: $0
  • Welcome bonus: $250
  • Member FDIC
Barclays Logo
  • 4.35% APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC
Logo capital One CDs
  • 4.30% APY
  • Minimum deposit: $0
  • Member FDIC
  • No welcome bonus
Discover logo
  • 4.30 APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC

Savings accounts calculator

We have developed a deposit calculator so that you can easily see how much money you can earn:

Marcus by Goldman sachs savings account calculator

Marcus by Goldman sachs savings account calculator

Your earnings:
Total Result:

Video with the best savings accounts

We have also produced a video highlighting the main features of the top 7 savings accounts that you can open in the United States.

How much money can we earn?

The amount of money you can earn depends on the interest rate and the term of the savings account. Generally, the longer you keep your money in the account, the more interest you will accumulate.

For example, with $100,000 in the account for one year, you can generate $4,300 in interest, while with $50,000, it would be $2,150.

Pros and cons

After thoroughly reviewing the features of the Marcus by Goldman Sachs savings account and comparing it to other options, we have compiled a table listing all the advantages and disadvantages.

ProsCons
High yieldSavings account with better rates
No minimum deposit
No fees
Pros and cons Marcus by Goldman Sachs savings account

Requirements

To open the Marcus by Goldman Sachs savings account, you must meet the following requirements:

  • Be 18 years old or older.
  • Reside in the United States.
  • Have an American phone number.
  • Open the savings account online since Marcus by Goldman Sachs is an online bank.

Frequent questions

Here we answer all the questions you may have about Marcus by Goldman Sachs savings account:

Conclusion and opiniones

Based on our review, we believe that the Marcus by Goldman Sachs savings account is one of the best options available in the United States. It offers a high interest rate, has no fees, and does not require a minimum deposit. However, it is essential to note that it lacks physical branches due to being an online bank.

Other Marcus by Goldman Sachs products

If you are interested in getting higher returns, you can check out Marcus by goldman Sachs CDs review here.

More information about Marcus by Goldan Sachs

We provide a table with essential information about Marcus by Goldman Sachs:

InformationDescription
YouTubehttps://www.youtube.com/channel/UCH_Pjk5cZFpwNkU5aRP_fIA
Websitehttps://www.marcus.com/
Twitterhttps://twitter.com/marcus
Phone1-855-730-7283
Interest information about Marcus by Goldman Sachs

Lastly, we offer related posts about savings accounts to help you make informed decisions:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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