Marcus by Goldman Sachs pays 3.50% APY on its high-yield savings account (as reported October 15, 2026). There is no minimum balance to earn this rate, no monthly fee, and no checking account required. Marcus savings is purely an online savings product with transfers only (no ATM card, no debit card).
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.
Marcus Savings Rate at a Glance
| Detail | Value |
|---|---|
| Savings APY | 3.50% |
| Minimum balance | $0 |
| Monthly fee | $0 |
| Direct deposit required | No |
| Minimum to earn interest | $1 |
| FDIC insured | Yes — Goldman Sachs Bank USA |
| ATM card / debit card | Not available |
| Checking account | Not available |
Marcus High-Yield Savings: How It Works
Marcus is a savings-only banking product. Unlike SoFi or Ally, there is no checking account, no debit card, and no routing number for consumer deposits. Money moves in and out via ACH transfer to/from an external bank account (2–3 business days).
What you get:
- 3.50% APY on all balances (no tier structure)
- No monthly maintenance fee
- No minimum balance
- No direct deposit requirement
- FDIC insurance up to $250,000
What you don’t get:
- No checking account
- No debit card
- No ATM access
- No routing number for direct deposit
- No mobile check deposit
Marcus is ideal as a savings parking account — not a primary account for everyday spending.
Marcus APY vs Top High-Yield Savings in 2026
| Bank | Savings APY | Monthly Fee | Min Balance |
|---|---|---|---|
| SoFi (with direct deposit) | 3.30% | $0 | $0 |
| SoFi Plus (on up to $20,000) | 4.50% | $0 (+$10/mo Plus) | $0 |
| Marcus | 3.50% | $0 | $0 |
| Ally | 3.10% | $0 | $0 |
| Capital One 360 | 3.10% | $0 | $0 |
| Schwab Savings | ~0.48% | $0 | $0 |
| Chase Savings | ~0.01% | $5 | $300 |
Marcus consistently ranks in the top tier of high-yield savings rates among US online banks. Unlike SoFi’s 3.30% rate (which requires direct deposit) or its 4.50% SoFi Plus tier (which requires a $10/month subscription and caps out at $20,000-$40,000), Marcus’s 3.50% applies to all balances with no conditions – see the SoFi savings account guide for SoFi’s full rate structure.
How Much Interest Will Marcus Pay?
Examples at 3.50% APY:
| Balance | Annual Interest | Monthly Interest |
|---|---|---|
| $5,000 | $175 | about $14.60 |
| $10,000 | $350 | about $29.16 |
| $25,000 | $875 | about $72.91 |
| $50,000 | $1,750 | about $145.85 |
| $100,000 | $3,500 | about $291.66 |
Interest compounds daily and is credited monthly.
How to Open a Marcus Savings Account
- Visit marcus.com → click Get Started
- Provide your name, address, SSN, date of birth
- Link an external checking account for transfers (routing + account number)
- Fund the account via ACH transfer (takes 2–3 business days)
- Begin earning interest at the current APY
Related Guides
- Marcus CD rates 2026 — 4.00%–4.90%, $500 minimum, no-penalty CD option
- Marcus customer service 2026 — 1-855-730-7283, listed as 24/7
- Marcus hours 2026 — phone and chat hours
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