Marcus by Goldman Sachs pays 3.50% APY on its high-yield savings account (as reported September 29, 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 (added September 16, 2026): marcus.com blocked automated verification this session. Marcus’s savings APY on these pages now comes from one data file: 3.50% as reported by Bankrate on September 29, 2026 (CNBC Select listed 3.40% the same day). The site’s pages still disagree on its daily ACH transfer limit ($100,000 vs. $125,000 depending on page), and whether Marcus personal loans are still offered (one page describes them as discontinued in 2023; others describe them as an active current product). Confirm all specific rates, limits, and product availability directly at marcus.com before relying on any figure below.
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 | $2,050 | $170.83 |
| $100,000 | $4,100 | $341.67 |
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, Mon–Fri 8AM–10PM ET
- Marcus hours 2026 — phone hours, holiday schedule
- Marcus vs Ally 2026 — savings rate, CDs, and transfer comparison
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