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WiseIQ Editorial Team
Reviewed by certified financial experts  ·  Updated April 2026
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Marcus by Goldman Sachs is one of the most trusted high-yield savings accounts available. Backed by Goldman Sachs Bank USA — one of the world's largest financial institutions — Marcus offers a consistently competitive APY with no monthly fees, no minimum balance, and no account opening fees.

The account is straightforward: you deposit money, it earns interest at a rate well above the national average, and you can transfer it back to your checking account whenever you need it. There are no tricks, no teaser rates, and no hidden fees. For most savers, that simplicity is exactly what they want.

Marcus by Goldman Sachs High-Yield Savings

4.50%+ APY · $0 fees · $0 minimum balance · FDIC insured · Open in minutes

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Rates, Fees & Key Terms

FeatureDetails
APY4.50%+ (variable, subject to change)
Monthly Fee$0
Minimum Opening Deposit$0
Minimum Balance$0
FDIC InsuranceYes — up to $250,000 per depositor
Withdrawal MethodACH transfer to external bank (1–3 business days)
ATM/Debit CardNo
Checking AccountNo (savings only)
CD OptionsYes — Marcus also offers high-yield CDs

✓ Pros

  • Competitive APY consistently above national average
  • $0 fees and $0 minimum balance
  • Backed by Goldman Sachs — highly trusted institution
  • FDIC insured up to $250,000
  • No teaser rates — rate applies to full balance from day one
  • Easy online account opening

✗ Cons

  • No debit card or ATM access
  • No checking account — savings only
  • ACH transfers take 1–3 business days
  • No physical branches
  • Rate is variable and can change at any time

Marcus Savings — Open in Minutes

$0 fees · $0 minimum · 4.50%+ APY · Backed by Goldman Sachs

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Frequently Asked Questions

Is Marcus by Goldman Sachs FDIC insured?

Yes. Marcus by Goldman Sachs is a division of Goldman Sachs Bank USA, which is FDIC insured. Deposits are insured up to $250,000 per depositor.

Does Marcus have a minimum balance requirement?

No. Marcus High-Yield Savings has no minimum balance requirement and no monthly fees.

How does Marcus compare to Ally Bank for savings?

Both offer competitive APYs with no fees. Marcus has historically offered slightly higher rates, while Ally offers more banking features including checking accounts and CDs. See our full comparison: Marcus vs Ally High-Yield Savings.

Can you open a Marcus savings account with bad credit?

Yes. Savings accounts do not require a credit check. Anyone can open a Marcus savings account regardless of credit history.

How do you withdraw money from Marcus?

You can transfer money from Marcus to an external bank account via ACH transfer, which typically takes 1–3 business days. Marcus does not have a debit card or ATM access.

Sources & Methodology

WiseIQ's editorial team researches and fact-checks all content using primary sources. Our recommendations are based on independent analysis and are not influenced by advertiser relationships.

Last reviewed: April 3, 2026  |  How we rank products