Marcus High Yield Savings pays 3.50% APY with no monthly fee and no minimum balance. It is one of the most widely used online savings accounts in the US, backed by Goldman Sachs Bank USA and FDIC insured. The account has no checking or debit features — it is a pure savings account.
Accuracy note (updated October 15, 2026): Marcus’s savings APY on these pages comes from one data file: 3.50%, as shown on Marcus’s own savings page (APY as of October 14, 2026). Marcus doesn’t publish a daily ACH limit on that page; it advertises same-day transfers of $100,000 or less to and from other banks. Marcus no longer makes new personal loans. Rates change, so confirm the current rate at marcus.com before opening an account.
Key facts: 3.50% APY, $0 fee, $0 minimum, FDIC insured, no debit card or ATM access.
Marcus Savings at a Glance
| Feature | Details |
|---|---|
| APY | 3.50% |
| Monthly fee | $0 |
| Minimum to open | $0 |
| Minimum to earn APY | $0 |
| FDIC insured | Yes (Goldman Sachs Bank USA) |
| Interest compounding | Daily, credited monthly |
| Debit card | None |
| ATM access | None |
| Transfers to other banks | Same-day for $100,000 or less (per Marcus); daily limit not published |
| Withdrawal method | ACH transfer to linked checking (1–3 days) |
What the Marcus APY Earns
| Balance | Annual Interest at Marcus (3.50%) | At Chase (0.01%) |
|---|---|---|
| $5,000 | $175 | $0.50 |
| $15,000 | $525 | $1.50 |
| $30,000 | $1,050 | $3.00 |
| $50,000 | $1,750 | $5.00 |
On $15,000, Marcus earns $523.50 a year more than a 0.01% big-bank savings account.
Opening a Marcus Savings Account
- Go to marcus.com → Savings → Open Account
- Provide SSN, address, date of birth, employment status
- Link an external checking account for funding and transfers
- Fund via ACH transfer from your checking account ($0 minimum)
- Account is open and earning interest immediately after first deposit
First deposit timing: Funds transferred to Marcus earn interest starting the first business day after they arrive in your Marcus account.
Linking and Transfers
Marcus connects to external checking accounts via ACH:
- Link: Marcus app → Transfer → Linked Accounts → Add External Account
- Verify: Marcus sends two small test deposits (under $1 each) to your checking account; confirm the amounts in the Marcus app
- Verification time: 1–3 business days
- Transfer time: Marcus says same-day transfers of $100,000 or less to or from other banks are available
- Transfer limit: Not published on Marcus’s savings page; check your account
Marcus does not initiate ACH pulls from your external account — you control all transfers from the Marcus side.
Marcus Savings vs. Competitors
| Bank | APY | Monthly Fee | Min Balance | FDIC |
|---|---|---|---|---|
| Bread Savings | 4.05% | $0 | $100 to open | Yes |
| Ally HYSA | 3.10% | $0 | $0 | Yes |
| Marcus HYSA | 3.50% | $0 | $0 | Yes |
| Capital One 360 Performance Savings | 3.10% | $0 | $0 | Yes |
| Chase Savings | 0.01% | $5 | $300 waiver | Yes |
| Bank of America Savings | 0.01% | $8 | Varies | Yes |
Marcus is competitive rather than the top rate among online banks; see the best savings accounts for the full comparison. Its advantages are Goldman Sachs backing, no minimum and no tiers.
Marcus CDs: Higher Rates for Fixed Terms
If you can lock in funds, Marcus CDs offer higher rates than the savings account:
| CD Term | APY (approximate) |
|---|---|
| 6 months | 4.20%+ |
| 12 months | 4.30%+ |
| 18 months | 4.35%+ |
| 24 months | 4.40%+ |
No-penalty CDs are also available — you can withdraw without penalty after 7 days. See Marcus CD rates for current terms.
Best Use of Marcus Savings
- Emergency fund: 3–6 months of expenses at 3.50% APY, FDIC insured
- Short-to-medium term goals: Vacation fund, car purchase, home down payment
- Paired with a no-fee checking account: Keep spending money in checking; park savings at Marcus
- CD ladder: Combine Marcus savings with Marcus CDs of staggered terms for higher average yield
See also: Marcus CD rates | Marcus transfer limits
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