Marcus by Goldman Sachs High Yield Savings

Goldman Sachs

Best for hands-off savers who want no minimums and zero fees.

3.40%APYFDIC Insured

Rate Details

Current APY3.40%
CompoundingDaily

Fees & Minimums

Monthly FeeNone
Min Opening Deposit$0

Features

✓FDIC Insured
✓Mobile App
✓Mobile Deposit
✗ATM Access
✗Check Writing
✓Joint Account
✗Sub-Accounts / Buckets
✓Automatic Transfers
✓No Minimum Balance

Overview

Marcus by Goldman Sachs High Yield Savings from Goldman Sachs offers 3.40% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.

Why We Like It

We like Marcus by Goldman Sachs High Yield Savings because it charges no fees and requires no minimum balance, supports automatic savings transfers, is FDIC insured for peace of mind.

Pros & Cons

Pros

  • No monthly fees
  • No minimum balance requirement
  • Mobile app available
  • Mobile check deposit
  • Automatic savings transfers

Cons

  • No ATM access
  • No check-writing privileges
  • No savings buckets or sub-accounts
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APY as of June 6, 2026