Marcus by Goldman Sachs: A 2026 Guide to High-Yield Savings and CDs
Marcus by Goldman Sachs currently offers a 4.00% APY on its high-yield online savings accounts, maintaining a fee-free structure without minimum balance requirements. Launched in 2016, the platform functions as a specialized consumer savings division of Goldman Sachs Bank USA, providing a straightforward banking experience focused on competitive interest rates rather than full-service retail banking features.
Understanding the Marcus Savings Model
The Marcus savings account is designed for users seeking high-yield returns with zero monthly fees. According to official product data, the 4.00% APY applies uniformly to all balances, meaning there are no introductory tiers or complex requirements to earn the advertised rate. Because the institution does not offer checking accounts, debit cards, or ATM access, it serves primarily as a savings hub to be paired with an existing traditional bank account.
For those managing liquidity, Marcus allows daily ACH transfers of up to $100,000 for established accounts. While the platform provides a reliable, Goldman Sachs-backed option for interest-bearing deposits, it lacks certain features found at competitors, such as automated savings tools, “bucket” systems for goal tracking, or joint account capabilities.
Breakdown of CD Rates and Terms
Marcus offers certificates of deposit (CDs) with terms ranging from six months to five years. As of June 2026, these products require a minimum opening deposit of $500. Early withdrawal penalties apply if funds are accessed before the term matures, typically ranging from 90 days to 365 days of interest depending on the specific duration of the CD.
Current CD Interest Structure
| Term | APY | Early Withdrawal Penalty |
|---|---|---|
| 6 months | 3.90% | 90 days interest |
| 9 months | 4.10% | 270 days interest |
| 12 months | 4.25% | 270 days interest |
| 18 months | 4.15% | 270 days interest |
| 2 years | 4.00% | 270 days interest |
| 3 years | 3.90% | 365 days interest |
Frequently Asked Questions
- Is my money safe at Marcus? Yes, Marcus by Goldman Sachs is a division of Goldman Sachs Bank USA, and deposits are FDIC insured up to $250,000 per depositor.
- Does Marcus offer checking or ATM services? No, the platform does not provide checking accounts, debit cards, or ATM access.
- Are there fees for savings accounts? There are no monthly fees for savings accounts, and no minimum balance is required to maintain the account or earn interest.
- How do I reach customer service? Support is available via phone Monday through Friday from 8 a.m. to 10 p.m. ET, and on weekends from 9 a.m. to 7 p.m. ET.
Market Positioning and Outlook
Since its inception, Marcus has accumulated over $100 billion in deposits. The institution’s strategy remains focused on a “no-frills” approach, where interest rates fluctuate in alignment with broader market shifts and Federal Reserve decisions. For investors and savers, the primary value proposition remains the combination of an A+ credit rating from its parent company and a simplified, fee-exempt savings environment.