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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 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 4.50% APY - Learn More

Read Marcus Review

 

Benefits and Features

Savings4.75% 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 cycle4.50% APY. $0 to open. No fees to open or maintain account. No minimum daily balance requirement.
CD2.05% to 5.15% APY. Terms of 3 months to 5 years. No minimum deposit to open.4.00% to 5.50% APY. Terms of 6 months to 6 years. 12-month CD APY of 5.50%. $500 minimum to open. No monthly service fee.
Checking 
N/A
Money Market2.25% APY. No monthly service fee and no minimum deposit.
N/A
Mobile App 
iOS & Android
ATMsAny ATMs with Plus or Accel logos
None
Customer ServiceMon-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 CD2.05% to 5.15% APY. Terms of 3 months to 5 years. No minimum deposit to open. 
IRA Money Market2.25% APY. 
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

SavingsStarStarStarStarStar
Money MarketStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • Savings with ATM card
  • High APY
  • All balance tiers receive same rate
Cons:
  • No checking account
  • 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 02/07/2024.

Marcus: Information including rates, fees, terms, and benefits was obtained on December 26, 2023 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.

Marcus by Goldman Sachs High Yield Savings Review

Saving up for something big? Grow your funds with Marcus Online Savings' impressive APY rate. Read on for more details.

Marcus CD Rates

Marcus has high-yield, no-penalty, and rate bump CDs. But are the rates competitive? Read on to find out.

Which Do You Think is Best?





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