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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 requires just $1 to earn stated APY 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 - 0.60% APY - Learn More

Read Synchrony Bank Review

SPECIAL OFFER
Marcus Online Savings - Earn 0.50% APY - Learn More

Read Marcus Review

 

Benefits and Features

Savings0.60% 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 cycle0.50% APY. $0 to open; $1 to earn stated APY. No fees to open or maintain account. No minimum daily balance requirement.
CD0.15% to 0.80% APY. Terms of 3 months to 5 years. Minimum deposit of $2,000 to open.0.25% to 0.70% APY. Terms of 6 months to 6 years. 12-month CD APY of 0.65%. $500 minimum to open. No monthly service fee.
Money Market0.50% APY. No monthly service fee and no minimum deposit. 
Customer ServiceMon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET)Monday - Saturday: 8:00 am - 10:00 pm (ET)
Saturday - Sunday: 9:00 am - 7:00 pm ET
Mobile App 
None
ATMsAny ATMs with Plus or Accel logos
None
IRA CD0.15% to 0.80% APY. Terms of 3 months to 5 years. Minimum deposit of $2,000 to open. 
IRA Money Market0.50% APY. 
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

Savings
Money Market
Customer Service
Pros & ConsPros:
  • Savings with ATM card
  • High APY
  • All balance tiers receive same rate
Cons:
  • No checking account
  • $2,000 minimum deposit for CDs
  • Limited customer service hours
Bottom LineGood online bank offering high interest rates... Read full review Read full review

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 11/18/2020.

Marcus: Information including rates, fees, terms, and benefits was obtained on November 20, 2020 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 is better? Read the in-depth reviews below. You may also be interested in comparing Synchrony Bank or Chase.


Articles on Synchrony Bank


Articles on Marcus by Goldman Sachs


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