Marcus by Goldman Sachs Review 2026: Competitive CD Rates & Security

Marcus by Goldman Sachs earns an Expert Score of 4.3/5.0 from BestGuide, positioning it as a top-tier option for savers who prioritize high yields and security. This Marcus by Goldman Sachs review finds its primary strengths in highly competitive CD rates and the robust backing of its parent company, Goldman Sachs, a financial institution with over 150 years of history. The platform is designed for individuals comfortable with an entirely digital banking experience, as it offers no physical branch locations.

Our analysis of Marcus by Goldman Sachs reviews shows that customers consistently praise the high annual percentage yields (APYs) on both its certificates of deposit (CDs) and its high-yield savings account (HYSA). While it lacks the checking accounts and full-service features of a traditional bank, its focused approach allows it to offer some of the best returns on savings in the U.S. market. For savers with at least $500 to invest in a CD, Marcus provides a secure, high-return environment.

Compare Marcus by Goldman Sachs with other top-rated high-yield savings accounts to see how its APY stacks up against the competition.

How Marcus by Goldman Sachs Works

Marcus by Goldman Sachs operates as a fully online bank, meaning all account management occurs through its website or mobile app. The platform focuses exclusively on savings products in 2026, primarily High-Yield Savings Accounts and Certificates of Deposit, streamlining the process for customers focused on growing their money without the complexity of a traditional bank.

The Account Opening Process

To open an account, applicants must provide standard personal information, including their name, address, date of birth, and Social Security Number. The minimum deposit to open any Marcus CD is $500, while the High-Yield Savings account has no minimum deposit requirement. The entire application process is completed online and typically takes less than 10 minutes. Approval is usually instantaneous for qualified U.S. residents.

Funding and Managing Your CD

Once an account is approved, customers can fund their CD through an electronic transfer from a linked external bank account. Marcus allows customers to link up to four external accounts. All account monitoring, including viewing interest earned and managing maturity options, is done through the online dashboard. Marcus also offers a 10-Day CD Rate Guarantee, which gives customers the best rate offered if the APY for their selected term increases within 10 days of opening the account.

CD Maturity and Renewal

When a CD term ends, Marcus provides a 10-day grace period during which the owner can withdraw the funds, change the term, or add more money without penalty. If no action is taken, the CD automatically renews for the same term at the currently available interest rate. This process ensures funds do not sit idle and continue earning interest.

Who Marcus by Goldman Sachs Is Best For

Based on BestGuide’s analysis, Marcus by Goldman Sachs is best for U.S.-based savers who prioritize high interest rates and are comfortable with a 100% digital banking experience. The ideal customer has at least $500 for a minimum CD deposit and does not require in-person branch services or an integrated checking account. It is particularly well-suited for individuals seeking to maximize returns on their savings with the security of FDIC insurance and the backing of a major financial institution. Marcus is not available for non-resident aliens, as applicants must have a valid U.S. Social Security Number or ITIN and a U.S. physical address. Note that as of 2026, Marcus no longer offers new personal loans or robo-advisor services, focusing exclusively on deposit products.

Marcus by Goldman Sachs CD Rates

Marcus by Goldman Sachs offers a focused certificate of deposit lineup that has long been considered one of the most competitive in the online banking space. The platform provides three main types of CDs designed for different saver profiles: High-Yield CDs, No-Penalty CDs, and Rate Bump CDs.

Key features of Marcus CD rates include:

• Minimum deposit: $500 across all CD types.
• Term lengths: 6 months to 6 years for High-Yield CDs; 7, 11, and 13 months for No-Penalty CDs; 20 months for Rate Bump CDs.
• 10-Day CD Rate Guarantee: If the APY for your selected term increases within 10 days of opening, Marcus automatically updates your CD to the higher rate.
• 10-day grace period at maturity to withdraw, change terms, or add funds.
• FDIC insured through Goldman Sachs Bank USA up to $250,000 per depositor, per ownership category.
• No-Penalty CD flexibility: Withdraw the full balance any time after the first 7 days without fees, a feature rare in the CD market.

The Marcus by Goldman Sachs CD rates are typically competitive against other online banks like Ally and Capital One, generally 0.25 to 0.50 percentage points above the rates at large traditional brick-and-mortar banks. The No-Penalty CD lineup is particularly noteworthy because it bridges the gap between liquid savings and fixed-term CDs: savers get a guaranteed rate with the ability to withdraw without an early-withdrawal penalty, useful for emergency fund segmentation or for savers uncertain about future cash needs.

For customers who anticipate needing access to their funds before maturity, the No-Penalty CD is often the right choice despite slightly lower headline rates than the standard High-Yield CD. For customers locking in a rate during a falling-rate environment, the Rate Bump CD provides a one-time option to bump the rate higher if market rates climb during the term.

Marcus by Goldman Sachs High-Yield Savings

The Marcus by Goldman Sachs Online Savings Account is the brand’s flagship deposit product and one of the most established high-yield savings accounts in the U.S. online banking market. It has no monthly fees, no minimum deposit to open, and no minimum balance requirements, with a variable APY that is updated regularly on the Marcus website.

Key features of the Marcus High-Yield Savings include:

• No monthly fees and no minimum balance.
• FDIC insurance up to $250,000 per depositor through Goldman Sachs Bank USA.
• Same-day transfers between Marcus and linked external accounts (subject to verification limits).
• Up to four linked external accounts for funding and transfers.
• Interest compounded daily and credited monthly.
• Same APY at all balance tiers, unlike some competitors that offer tiered rates favoring high-balance customers.

The Marcus high-yield savings rate is typically competitive with leading online-only HYSA providers, though specialized fintech competitors occasionally offer higher promotional rates. The trade-off Marcus offers is the stability and institutional backing of Goldman Sachs Bank USA combined with consistent, non-promotional rate setting (no rates that drop after introductory periods). For savers who want a reliable, low-fee place to park emergency funds or short-term savings, the Marcus High-Yield Savings ranks among the better options in the U.S. market.

Compare Marcus High-Yield Savings APY with other top-rated high-yield savings accounts to find the best fit.

Marcus by Goldman Sachs Standout Features

Marcus differentiates itself in the crowded online savings market with several key features that appeal to yield-focused consumers. These features are consistently highlighted as primary benefits in expert and consumer reviews.

Highly Competitive Marcus by Goldman Sachs CD Rates
Marcus consistently offers APYs that are significantly above the national average. The platform’s CD rate range is typically among the top tier in the U.S. online banking market, with rates that are frequently 2 to 3 times higher than the FDIC national average for similar terms.

Flexible No-Penalty CD Options
A key differentiator is the Marcus No-Penalty CD. Unlike many competitors that offer a single term, Marcus provides multiple options, including 7-month, 11-month, and 13-month terms. This allows savers to lock in a high rate without the risk of early withdrawal penalties after the first 7 days, offering liquidity that rivals a standard savings account.

Goldman Sachs Backing and Security
Every account is backed by the stability and reputation of Goldman Sachs Bank USA, the consumer banking subsidiary of The Goldman Sachs Group, Inc. (NYSE: GS), a global financial institution founded in 1869 and led by Chairman and CEO David Solomon. All deposits are FDIC-insured up to the maximum legal limit of $250,000 per depositor, providing a level of institutional security that newer fintech startups cannot match.

Marcus by Goldman Sachs Pros and Cons

Is Marcus by Goldman Sachs Legit?

Yes, Marcus by Goldman Sachs is a legitimate and well-established financial platform. It is the online consumer banking division of The Goldman Sachs Group, Inc. (NYSE: GS), a leading global investment banking, securities, and investment management firm founded in 1869 and led by Chairman and CEO David Solomon. The Marcus brand was launched in the United States in October 2016 to offer savings products directly to consumers, named after Marcus Goldman (one of Goldman Sachs’s founders). Marcus is headquartered at 11850 South Election Road, Draper, Utah, 84020.

Addressing the common question, ‘is Marcus by Goldman Sachs safe?’, the answer is unequivocally yes from a deposit insurance perspective. All deposit accounts at Marcus are held with Goldman Sachs Bank USA, Salt Lake City Branch, which is a member of the Federal Deposit Insurance Corporation (FDIC). This means that all deposits are insured by the full faith and credit of the U.S. government up to the maximum allowable limit of $250,000 per depositor, for each account ownership category.

Prospective customers should understand that Marcus’s product scope has narrowed since launch. In January 2023, Goldman Sachs stopped originating new Marcus personal loans and sold approximately half of the existing loan portfolio to investment funds managed by Rithm Capital and Varde Partners. Marcus Invest, the brand’s robo-advisor service, closed and transferred customer accounts to Betterment in 2024. In January 2026, Apple announced that JPMorgan Chase will replace Goldman Sachs as the Apple Card issuer over a roughly 24-month transition. These changes reflect Goldman Sachs’s strategic pivot away from mass-market consumer banking. The Marcus high-yield savings and CD products remain active and core to Goldman’s remaining consumer offerings, alongside the General Motors-branded credit card.

The platform operates under the strict regulatory oversight applicable to all U.S. banks. Its digital security infrastructure uses multi-factor authentication and data encryption to protect customer information, meeting industry standards for online financial services. The combination of its long-standing parent company, FDIC insurance, and modern security protocols confirms its legitimacy as a deposit-focused platform.

Marcus by Goldman Sachs BBB Rating and Accreditation

Marcus by Goldman Sachs holds a BBB A+ rating (the highest possible letter grade) and has been BBB Accredited since November 28, 2018. The BBB profile is registered with BBB Serving Northern Nevada and Utah, headquartered at 11850 South Election Road, Draper, UT 84020, with the corporate entity listed as Goldman Sachs Bank USA. The A+ rating reflects the BBB’s assessment of how the business responds to and resolves customer complaints, not customer review averages.

Per the BBB profile, Marcus has 1,668 total complaints recorded in the last three years, with 470 closed in the last 12 months. Customer reviews on the same profile average 1.06 out of 5 stars across 218 reviews. The disparity between the A+ letter grade and the low customer review average is common for large financial institutions where complaint volume reflects scale rather than service quality unique to Marcus. Common themes in recent reviews include account verification difficulties, customer service responsiveness, and concerns related to the broader Goldman Sachs consumer banking restructuring (notably for users of the legacy Apple Card and former Marcus personal loan products). For Marcus’s core deposit products (high-yield savings and CDs), the experience tends to be more straightforward, though prospective savers should weigh these signals before opening an account.

Marcus by Goldman Sachs Cost: What You Should Expect to Pay

Marcus by Goldman Sachs is known for its consumer-friendly fee structure, which is a significant part of its appeal. There are no monthly maintenance fees for its High-Yield Savings or CD accounts. The primary financial consideration for opening a CD is the minimum deposit requirement.

The $500 minimum deposit on CDs is competitive within the online banking space and places Marcus in the mid-range for accessibility. Its early withdrawal penalties on standard CDs are typical for the industry. The absence of monthly fees ensures that the high APY is not eroded by recurring charges, maximizing the customer’s return. The No-Penalty CD’s no-fee withdrawal after 7 days is one of the most flexible CD structures available.

Final Verdict: Marcus by Goldman Sachs Review

Marcus by Goldman Sachs earns an Expert Score of 4.3/5.0 in our comprehensive analysis. It stands out as a premier choice for savers focused on securing high yields with minimal fees. The primary strengths are its consistently competitive APYs, the robust security provided by Goldman Sachs Bank USA, BBB Accreditation since 2018 with an A+ rating, and FDIC insurance. The flexible No-Penalty CD options offer a unique blend of high returns and liquidity not commonly found elsewhere in the market.

The main drawbacks identified in this Marcus by Goldman Sachs review are the narrowed product ecosystem (savings and CDs only following the 2023 personal loans wind-down and 2024 Marcus Invest closure), the lack of physical branches, and the broader context of Goldman Sachs’s strategic pivot away from mass-market consumer banking, including the recently announced Apple Card transition to JPMorgan Chase. However, for its intended purpose as a dedicated savings and CD platform, Marcus excels. Based on numerous Marcus by Goldman Sachs reviews and our own data, we can confirm it is a top-tier option for individuals comfortable with an online-only deposit experience who want to maximize their savings growth securely under one of the world’s most established financial institutions.

See our full comparison of the best high-yield savings accounts before making your decision.

Frequently Asked Questions About Marcus by Goldman Sachs

What do experts say about Marcus by Goldman Sachs?
According to BestGuide’s comprehensive analysis, experts give Marcus by Goldman Sachs an overall score of 4.3 out of 5.0. It receives high marks for its competitive interest rates, which are often 2 to 3 times the national average, and its account security, which scores 95% in our evaluation due to its Goldman Sachs backing, BBB A+ Accredited status since 2018, and FDIC insurance.

Is Marcus by Goldman Sachs worth it in 2026?
Yes, for savers focused on maximizing yield, Marcus by Goldman Sachs is worth it. Its combination of high APYs, no monthly fees, and a low minimum deposit of $500 on CDs ($0 on savings) makes it a competitive tool for growing savings. It remains a top choice for those who do not require branch access, checking accounts, or personal loans (which Marcus no longer originates as of January 2023).

What are Marcus by Goldman Sachs CD rates?
Marcus offers three CD types: High-Yield CDs (6 months to 6 years), No-Penalty CDs (7, 11, and 13 months), and Rate Bump CDs (20 months). The minimum deposit is $500 across all CD types, and the APYs are typically among the top tier in the U.S. online banking market. The 10-Day CD Rate Guarantee automatically applies any rate increase within 10 days of opening.

What is the Marcus by Goldman Sachs high-yield savings rate?
The Marcus Online Savings Account offers a variable APY updated regularly, with no monthly fees, no minimum deposit, and no minimum balance. The rate is typically competitive with leading online-only HYSA providers, though specialized fintech competitors occasionally offer higher promotional rates. Interest is compounded daily and credited monthly.

How does Marcus by Goldman Sachs compare to other CD rates companies?
Marcus’s CD rates are highly competitive, typically ranking among the top online banks like Ally Bank and Capital One. Its rates are consistently 0.25 to 0.50 percentage points higher than those offered by large traditional brick-and-mortar banks such as Chase or Bank of America. The No-Penalty CD lineup is a particularly distinctive feature that few competitors match.

Is Marcus by Goldman Sachs FDIC insured?
Yes, all deposit accounts at Marcus by Goldman Sachs are held with Goldman Sachs Bank USA, Salt Lake City Branch, a member of the FDIC. Deposits are insured up to the maximum legal limit of $250,000 per depositor, per account ownership category.

What is the minimum deposit for a Marcus by Goldman Sachs CD?
The minimum amount required to open any Certificate of Deposit (CD) with Marcus by Goldman Sachs is $500. This applies to all CD terms including High-Yield CDs, No-Penalty CDs, and Rate Bump CDs. The Marcus Online Savings account has no minimum deposit.

Does Marcus by Goldman Sachs still offer personal loans?
No. Goldman Sachs stopped originating new Marcus personal loans in January 2023 and sold approximately half of the existing portfolio to investment funds managed by Rithm Capital and Varde Partners. Existing borrowers continue making payments to whichever servicer is now handling their loan. Marcus today focuses on high-yield savings and CDs.

Can a non-resident open a Marcus by Goldman Sachs account?
No, a non-resident cannot open an account. To be eligible, applicants must be at least 18 years old, have a U.S. physical address (not a P.O. Box), and provide a valid U.S. Social Security Number or Individual Taxpayer Identification Number (ITIN).

What are the Marcus by Goldman Sachs no-penalty CD rates?
Marcus offers No-Penalty CD terms of 7, 11, and 13 months. Rates are variable and updated based on market conditions, but they typically offer yields competitive with or slightly below the standard High-Yield CD for the same term, with the added benefit of allowing full withdrawal without penalty after the first 7 days. This makes them useful for emergency fund segmentation.

What is Marcus by Goldman Sachs’s BBB rating?
Marcus by Goldman Sachs holds a BBB A+ rating and has been BBB Accredited since November 28, 2018. The BBB profile records 1,668 total complaints in the last three years, with 470 closed in the last 12 months. Customer reviews average 1.06 out of 5 stars across 218 reviews. BBB notes that Customer Reviews are not used in the BBB Letter Grade calculation.