Marcus by Goldman Sachs is Goldman Sachs’s consumer banking division, launched in 2016. It offers high-yield savings accounts, certificates of deposit, and personal loans. Marcus has built a reputation for competitive rates, zero fees, and a clean digital experience. This review covers whether it lives up to that reputation in 2026.
Marcus Products at a Glance
| Product | Rate / APR | Minimum | Notable Feature |
|---|---|---|---|
| Online Savings Account | 4.40% APY | $0 | No fees, same-day transfers |
| High-Yield CD (12-month) | 4.50% APY | $500 | 10-day rate guarantee |
| No-Penalty CD (7-month) | 4.20% APY | $500 | Withdraw anytime after 7 days |
| Personal Loan | 6.99% – 29.99% APR | $3,500 | No fees, customizable payment date |
Marcus High-Yield Savings Account
The Marcus Online Savings Account pays 4.40% APY in May 2026 with no minimum balance and no monthly fees. Rates are variable and track the federal funds rate, but Marcus has consistently priced its savings rate near the top of the online bank market since launch.
Key Features
- No minimum deposit to open
- No monthly fees or transaction fees
- FDIC-insured up to $250,000 per depositor
- Same-day transfers to linked bank accounts (up to $100,000)
There is no Marcus debit card or ATM access — this is a purely online savings account for holding money, not for spending. The lack of ATM access is not a drawback for a savings account, but it means you cannot use Marcus as a standalone banking solution.
Marcus CDs
Marcus offers high-yield CDs in terms from 6 months to 6 years. The 12-month CD at 4.50% APY is competitive with top online bank CDs. CDs require a $500 minimum deposit and are FDIC-insured.
10-Day Rate Guarantee
If Marcus raises its CD rate within 10 days of your opening date, you automatically get the higher rate. This is a useful feature when rates are trending upward.
No-Penalty CD
Marcus’s No-Penalty CD lets you withdraw your full balance plus interest with no early withdrawal penalty after 7 days from opening. At 4.20% APY for a 7-month term, it functions as a higher-yielding alternative to a savings account when you want to lock in a rate but keep the option to exit.
Marcus Personal Loans
Marcus personal loans are designed for debt consolidation and major expenses. They stand out for having no fees of any kind — no origination fees, no prepayment penalties, and no late fees.
Loan Details
- Amounts: $3,500 to $40,000
- Terms: 36 to 72 months
- APR Range: 6.99% to 29.99%
- Minimum credit score: 660 (good credit required)
- Soft pull check: Yes (check your rate without affecting your score)
On-Time Payment Reward
Marcus offers a unique feature: after 12 consecutive on-time payments, you can defer one payment with no extra interest charged. The payment is moved to the end of your loan term, providing a small cushion for borrowers who hit a rough patch.
Marcus vs. Competitors
| Feature | Marcus | Ally | SoFi | LightStream |
|---|---|---|---|---|
| Savings APY | 4.40% | 4.20% | 4.50% | N/A |
| Personal Loan APR from | 6.99% | N/A | 8.99% | 6.99% |
| Personal Loan Max | $40,000 | N/A | $100,000 | $100,000 |
| Origination Fee | None | N/A | None | None |
| Checking Account | No | Yes | Yes | No |
What Marcus Does Not Offer
Marcus does not offer a checking account or debit card, mortgage or home equity loans, investment or brokerage accounts, business accounts, or credit cards. If you want a complete banking relationship in one place, Marcus is not the right fit. It works best as a supplement to your existing checking account.
Is Marcus Safe?
Yes. Marcus is a division of Goldman Sachs Bank USA, which is FDIC-insured. All deposit accounts are insured up to $250,000 per depositor per account category.
Bottom Line
Marcus by Goldman Sachs delivers exactly what it promises: competitive rates, no fees, and a clean experience. The savings account and CDs are among the top-performing options in the online bank market. The personal loans are competitive for good-credit borrowers with no origination fees and a starting rate that matches the best in the industry. Marcus works best as part of a broader financial setup rather than a standalone bank.