Marcus by Goldman Sachs Savings Account Google Reviews
Marcus by Goldman Sachs Bank Review: Savings and CDs
Marcus offers competitive savings rates but lacks some conveniences other banks have, including a checking business relationship.
Overall banking company rating
Banking feel
4.5/5
The bottom line:
If you lot're merely looking to increment your savings, this banking concern is a adept choice. But it doesn't offer checking accounts and lacks other features that most other online banks have, including mobile bank check deposit and a free ATM network.
Best for:
Customers who want to earn competitive savings rates, don't heed cyberbanking online and take another bank account for checking.
Full review
Best Savings Business relationship
at Marcus by Goldman Sachs, Fellow member FDIC
Marcus past Goldman Sachs Online Savings Account
Smart Early Investor rating
5/five
APY
0.50%
With $0 minimum balance
Bonus
$100
Requirements to qualify
Marcus' savings rate is 0.50% , which is much higher than the national average APY of 0.06% . There'southward no minimum deposit to open the account, and there are no monthly fees, but information technology's not a cracking choice if you want to move your money around. The bank has fewer options than others for withdrawing coin — you can't make a cash withdrawal from an ATM, for case. But yous tin transfer money to an external bank account, wire transfer it or asking a check. Marcus offers aforementioned-day transfers up to $100,000. To eolith money into the account, you can set up direct deposits or transfers, ship a check past mail or send a domestic wire transfer.
Marcus' CD rates are among the best on the marketplace, and it has more term lengths than some of its competitors — y'all can deposit your money for upwardly to six years. There's a $500 minimum deposit, and the banking company'south CD guarantee lets you receive the highest rate offered inside 10 days of opening your CD.
Just be sure to withdraw your money once it matures because Marcus' CDs automatically renew afterward a x-twenty-four hours grace menses, once the term expires. Or, if you want flexibility in withdrawing early without information technology costing you, Marcus has three no-penalty CDs.
Banking feel
As an online bank, Marcus by Goldman Sachs doesn't have a branch network, then your options for accessing your accounts are online, past mobile app and over the phone. For questions, there's a comprehensive FAQs section on the depository financial institution's website, live chat for logged-in customers and a customer support telephone line with extended hours every day of the week.
The Marcus mobile apps for iOS and Android are highly rated and allow users to bank check balances and make transfers. But to deposit checks, you have to mail them.
How does Marcus by Goldman Sachs compare?
Marcus by Goldman Sachs Online Savings Account Member FDIC
Smart Early Investor ratings
5/5
Learn more
APY
0.fifty%
With $0 minimum balance
Bonus
$10
Requirements to qualify
American Express® High Yield Savings Account Member FDIC
Smart Early Investor ratings
5/5
acquire more
APY
0.l%
With $1 minimum remainder
Discover Bank Online Savings Member FDIC
Smart Early on Investor ratings
5/five
learn more
APY
0.l%
With $0 minimum balance
Bonus
$200
Requirements to authorize
RATING METHODOLOGY
Smart Early Investor overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of eolith or credit union share certificates, banking experience and overdraft fees. Factors nosotros consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars stand for ratings from poor (i star) to excellent (five stars). Ratings are rounded to the nearest half-star.
Frequently asked questions
Aye, Marcus is a legitimate ready of banking products and services offered by Goldman Sachs. These services include savings accounts, certificates of deposit and personal loans.
Marcus by Goldman Sachs accounts are insured by the FDIC, and its apps accept high ratings from both Apple and Google users.
The interest rate for Marcus' savings account is 0.l% APY.
To withdraw money from the Marcus Online Savings Account, customers tin transfer to an external banking company business relationship, wire transfer their funds or request a check.
No, Marcus is an online-merely depository financial institution and does non have physical branches.
In that location is no minimum deposit requirement to open a Marcus Online Savings Account. However, if you don't fund your account inside 60 days of account opening, Marcus may close your account.
Source: https://smartearlyinvestor.com/banking/marcus-by-goldman-sachs-bank-review-savings-and-cds/
0 Response to "Marcus by Goldman Sachs Savings Account Google Reviews"
Post a Comment