Marcus by Goldman Sachs
The consumer deposit brand of Goldman Sachs, offering online savings and CDs with no monthly fees.
Strengths
- No monthly fees on savings
- Backed by a large investment bank
Watch out for
- Narrow product range, with no checking account
Judging their deposit rates
The FDIC national average for savings is 0.38% and 1.68% for a 12-month CD, as of July 20, 2026. Those averages are weighted across every insured institution, so a competitive online account usually pays several times them. Compare any rate Marcus by Goldman Sachs quotes against that rather than against the word “high-yield”.
Source: FDIC national rates and rate caps.
Frequently asked questions
Is Marcus by Goldman Sachs insured?
Deposits at Marcus by Goldman Sachs are covered by FDIC insurance up to $250,000 per depositor, per insured bank, per ownership category. Verify current coverage with the institution before depositing above that amount.
What is Marcus by Goldman Sachs best at?
No monthly fees on savings. Backed by a large investment bank.
What should I watch out for with Marcus by Goldman Sachs?
Narrow product range, with no checking account.
Other institutions
Researching and writing about Canadian personal finance since 2026.
Last reviewed August 2026 · How we research
“Marcus by Goldman Sachs.” VaultNerd, https://www.vaultnerd.com/banks/marcus, updated August 2026.
- Marcus by Goldman Sachs published product and disclosure pages
- FDIC national rates and rate caps