Marcus Online Savings
Editor reviewed3.40% APY with no minimums and same-day transfers from Goldman Sachs
Rates verified July 23, 2026Open accountTracked since2026
0 reviews trackedNot financial advice. Financeradar is an independent research site, not a financial advisor, broker, or fiduciary. Rates and terms change; verify with the provider before acting. Some links may earn us a commission, which never changes a rating. How we make money
The Bottom Line
APY
3.4%
Biggest pro
Clean UX
Biggest con
No ATM card or checking
At a glance
Rates verified July 23, 2026- APY
- 3.4%
- Minimum deposit
- None
- Monthly fee
- None
- FDIC
- Direct, Member FDIC, $250k
- Institution
- Goldman Sachs Bank USA
- ATM access
- No
Is it worth it?
$340 a year on a $10,000 balance
At 3.4% APY, $10,000 earns about $340 in the first year, versus roughly $38 at the 0.38% FDIC national average. That is about $302 more for moving the same money. APY is variable and shown as of the date above.
What is Marcus Online Savings?
Marcus is the pick for savers who want a big-brand, zero-friction savings account and will trade the last 70 basis points of yield for it. The honest verdict: excellent at what it does, but no longer a rate leader.
The account pays 3.40% APY on all balances as of July 22, 2026, with no minimum deposit, no minimum balance for the rate, and no monthly fee. Deposits are held directly at Goldman Sachs Bank USA, Member FDIC, insured to $250,000 per depositor. Transfers to linked accounts settle same day up to $100,000, a referral boost adds 1.00% for 3 months, and a no-penalty CD lineup sits alongside.
The catch is access. There is no ATM card, no checking companion, and no way to deposit cash. If you need anything beyond parking money and moving it electronically, a full-service bank or a checking-savings combo fits better.
Pros & Cons
Pros
- Clean UX
- Strong transfer speed
- Consistent top-half rate
Cons
- No ATM card or checking
- Rate now well below leaders
- No cash deposits
Key details
3.40% APY on all balancesNo minimum deposit or balance requirementsSame-day transfers to linked accounts up to $100kReferral boost of +1.00% for 3 monthsNo-penalty CD lineup24/7 phone supportPolished mobile app
Best Marcus Online Savings Alternatives
Top alternatives based on rates, fees, and eligibility.
Still deciding?
Most people shortlist 2 or 3 products before committing. Browse the full alternatives shortlist below.
Explore More
Marcus Online Savings FAQ
What is the current APY on Marcus Online Savings?
Marcus pays 3.40% APY on all balances as of July 22, 2026. The rate is variable and applies with no minimum balance.
Is Marcus Online Savings FDIC insured?
Yes. Deposits are held directly at Goldman Sachs Bank USA, Member FDIC, insured up to $250,000 per depositor.
What are the minimums and fees?
There is no minimum deposit, no minimum balance requirement, and no monthly fee.
Source: marcus.com