Marcus by Goldman Sachs Promotions

Open your new HSBC Advance checking account online by June 29, 2020; and
Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then
Enjoy 3% Cash Bonus, up to $270, on Qualifying Direct Deposits up to $50 per month, during the first 6 calendar months after account opening
You will automatically receive the 3% Cash Bonus in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

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Expires 6/29/2020

Online Savings Account - Earn 1.15% APY

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No fees
No minimum opening deposit
No minimum balance required

About Marcus by Goldman Sachs

Marcus is the online bank offered by the investment giant, Goldman Sachs. It offers savings products with very competitive rates and no minimum deposit and no services fees.

Marcus by Goldman Sachs offers online savings and CDs. There are no maintenance fees on any of the deposit accounts.

What to Open at Marcus

Online Savings Account. Marcus offers a high competitive rate on their online savings account. There is no minimum to open and you only need $1 to earn the stated APY. There are no service fees.
Term CDs. The 12-month term CD offers one of the best rates on the market. Longer terms offer higher APYs. The minimum to open is $500. But you can continue to add funds into it for 30 days after account opening.
No-Penalty CD. If you're not sure about tying up your funds, Marcus offers a 13-month no-penalty CD with an excellent rate. You get the flexibility to withdraw your balance and interest earned without being penalized. The minimum to open is $500.

What You Need to Know About Marcus

In exchange for high rates, Marcus does away with a lot of features. Note that there are:

No mobile deposits. If you want to make a deposit, you'll have to do so either by mail or by depositing into an external account and then make a transfer online.
No checking accounts
No ATM card or ATM network
No physical branches
No mobile app

Related: Best Online Savings Account

In-Depth Review

Highlights

Savings
1.30% APY. $0 to open; $1 to earn stated APY. No fees to open or maintain account. No minimum daily balance requirement.

Compare: Marcus vs CIT Bank

CD
0.60% to 1.40% APY. Terms of 6 months to 6 years. 12-month CD APY of 1.35%. $500 minimum to open. No monthly service fee.

Customer Service
Monday - Friday: 8:00 am - 10:00 pm (ET)
Saturday - Sunday: 9:00 am - 7:00 pm ET

Compare: Marcus vs Discover Bank

Mobile App
None

Compare: Marcus vs Stash

ATMs
None

Locations
Online Only

Compare: Marcus vs Chase

Information including rates, fees, terms, and benefits was obtained on May 30, 2020 from published websites and is believed to be accurate, but not guaranteed.

	Marcus by Goldman Sachs	Ally Bank


	Benefits and Features
Savings	1.30% APY. $0 to open; $1 to earn stated APY. No fees to open or maintain account. No minimum daily balance requirement.	1.25% APY
CD	0.60% to 1.40% APY. Terms of 6 months to 6 years. 12-month CD APY of 1.35%. $500 minimum to open. No monthly service fee.	0.50% to 1.35% APY. Terms of 3 months to 5 years. 12-month CD APY of 1.25%
Checking		0.10% APY under $15,000; 0.50% APY $15,000 or more
Money Market		0.50% APY
Customer Service	Monday - Friday: 8:00 am - 10:00 pm (ET) Saturday - Sunday: 9:00 am - 7:00 pm ET	24/7
Mobile App	None
ATMs	None	Over 43,000 no-fee Allpoint ATMs
Locations	Online Only	Online Only
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Marcus: Information including rates, fees, terms, and benefits was obtained on May 30, 2020 from published websites and is believed to be accurate, but not guaranteed. Ally Bank: Pricing information from published website as of 05/30/2020.

Marcus Alternatives

CIT Savings Builder - Earn 1.25% APY

Earn up to 1.25% APY. Here's how it works: Maintain a minimum balance of $25k OR make at least a $100 minimum deposit every month. Member FDIC

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Online Savings Account - Earn 1.15% APY

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No fees
No minimum opening deposit
No minimum balance required

Open a New Checking Account

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HSBC Advance Checking - Up to $270 Cash Bonus

$270

Open your new HSBC Advance checking account online by June 29, 2020; and
Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then
Enjoy 3% Cash Bonus, up to $270, on Qualifying Direct Deposits up to $50 per month, during the first 6 calendar months after account opening
You will automatically receive the 3% Cash Bonus in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

Get Deal

Expires 6/29/2020

TD Beyond Checking

$300 cash bonus after receiving direct deposits of $2,500

Earn $300 when you receive direct deposits totaling $2,500 or more within 60 days
Get more from your checking account. With TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for non-TD ATM transactions, Rush Bill Payments and more.
Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more, or maintain a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.
TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
Overdraft Payback - Get overdraft fees automatically reversed up to two times a year.
Get your money where it needs to go —fast— with Rush Bill Payments, Send Money with Zelle®, incoming wires and a reimbursement for one outgoing wire (domestic or international) per statement cycle.
TD checking accounts come with an instant-issue debit card. And, you can pay with confidence with Zero Liability protection and 24/7 fraud monitoring.
Monthly maintenance fee waived on one TD Simple CheckingSM account and any Savings and Money Market accounts. Plus, get free standard check orders, money orders, official bank checks and stop payments.

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Articles on Marcus by Goldman Sachs

GS Bank Review

Marcus by Goldman Sachs offers savings accounts and CDs at high interest rates. But don't expect accounts with a lot of bells and whistles. Read on for the pros and cons.