Synchrony Bank vs Marcus by Goldman Sachs

Synchrony Bank is a good online bank offering high interest rates. How does it compare to Marcus? Read our comparison chart below.

Synchrony Bank offers high interest savings with an ATM card for easy withdrawals. There is no minimum deposit. Their CDs require a $2,000 minimum deposit to open. There are no service fees for any products.

While Marcus offers savings accounts, term CDs, and a no-penalty CD. It has no checking or ATM network. Savings account has no minimum deposit required to open while CDs have $500 minimum opening deposit. There are no service fees.

Compare Synchrony Bank with Marcus, side-by-side. Read on for an in-depth look, including ratings and reviews.

	Synchrony Bank	Marcus by Goldman Sachs
	SPECIAL OFFER High Yield Savings - 4.75% APY - Learn More Read Synchrony Bank Review	SPECIAL OFFER Marcus Online Savings - Earn 4.40% APY - Learn More Read Marcus Review
	Benefits and Features
Savings	4.75% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle	4.40% APY. $0 to open. No fees to open or maintain account. No minimum daily balance requirement.
CD	0.25% to 5.15% APY. Terms of 3 months to 5 years. No minimum deposit to open.	3.90% to 5.00% APY. Terms of 6 months to 6 years. 12-month CD APY of 4.90%. $500 minimum to open. No monthly service fee.
Checking		N/A
Money Market	2.25% APY. No monthly service fee and no minimum deposit.	N/A
Mobile App		iOS & Android
ATMs	Any ATMs with Plus or Accel logos	None
Customer Service	Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET)	Mon - Sat: 8 am - 10 pm ET Sat - Sun: 9 am - 7 pm ET
IRA CD	0.25% to 5.00% APY. Terms of 3 months to 5 years. No minimum deposit to open.
IRA Money Market	2.25% APY.
Locations	Online Only	Online Only
	CreditDonkey® Reviews
Savings
Money Market
Customer Service
Pros & Cons	Pros: Savings with ATM card High APY All balance tiers receive same rate Cons: No checking account Limited customer service hours
Bottom Line	Good online bank offering high interest rates... Read full review	Read full review
	High Yield Savings - 4.75% APY Money Market Certificate of Deposit	Marcus Online Savings - Earn 4.40% APY 12-Month High-Yield CD - Earn 4.90% APY 9-Month High-Yield CD - 4.90% APY
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Synchrony Bank: Pricing information from published website as of 04/11/2024. Marcus: Information including rates, fees, terms, and benefits was obtained on April 04, 2024 from published websites and is believed to be accurate, but not guaranteed.

Which is Better: Synchrony Bank or Marcus?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Synchrony Bank or Chase.

Articles on Synchrony Bank

Synchrony Bank

Synchrony offers some of the highest savings and CD rates. But there are downsides. Read this review before you open an account.

Synchrony High Yield Savings

Synchrony's high-yield savings account has a high APY with no fees. But they also have more to offer than just that. Read on to know all the details.

Synchrony Bank CD Rates

Are CD rates good at Synchrony Bank? Find out if you should open a Synchrony CD.

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.