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Open an AccountGS Bank (Goldman Sachs Bank)


Most Popular Goldman Sachs Bank USA Accounts

Account TypeAPYAccount NameMinMax
Savings1.20%Online Savings--Details »
CD1.50%12 Month CD$500-Details »
CD2.00%3 Year CD$500-Details »
CD2.40%5 Year CD$500-Details »
View all Goldman Sachs Bank USA accounts »

Overview / Commentary
855-730-7283
200 West Street
New York, NY 10282

As of 2008, GS Bank, a DepositAccounts.com advertiser, is a commercial bank regulated by the Federal Reserve Board and insured by the Federal Deposit Insurance Corporation (FDIC). Thanks to its transition from an investment bank to a commercial bank, GS Bank offers deposit products to both individuals and institutions, including interest-bearing online savings accounts and Certificates of Deposit (CDs). GS Bank’s online savings accounts feature no minimum initial deposits to open. GS Bank’s CDs feature relatively low initial deposit requirements, as well as customizable monthly interest disbursements. That is, although interest will automatically be added to the principal of the CD, customers can choose to transfer the interest to their GS Bank savings account, or to an external bank account. Customers can also withdraw their interest penalty-free at any time. CD terms range from 6 months to 6 years.

All of GS Bank’s deposit accounts feature convenient access to online banking, banking by phone, bank transfers, and wire transfers. Although GS Bank is now an internet-only bank, funds can also be deposited via mailed checks. In addition to these depository banking products, GS Bank also offers personal loans through its “Marcus by Goldman Sachs” brand.

GS Bank (Goldman Sachs Bank) was established in 1990 as The Goldman Sachs Trust Company. The bank is owned by the Goldman Sachs Group, Inc., a multinational firm founded in 1869 and headquartered in New York, NY.

Related Posts

GS Bank Ups CD Rates with Largest Gains on Long-Term CDs - 8/31/2017

GS Bank (Goldman Sachs Bank) increased rates by 10 to 15 bps on most of its CDs today. Its 5-year CD is now the rate leader among the internet banks.

Increases In CD Rates - 8/31/2017

GS Bank has increased various CD rates--1-year is 1.50% APY, 2-year is 1.65% APY, 3-year is 2.00% APY and 5-year is 2.40% APY.

GS Bank’s First Rate Increase of Its Online Savings Account - 6/7/2017

GS Bank raised its Online Savings Account rate by 15 bps to 1.20% APY. This marks the first time GS Bank increased the rate of this account.

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Great Bank For Savings

Posted by: gordon89 | May 16, 2017

Easy to use with good rates for OSA. Some pretty strong CD rates, but some could be better (not a big deal). A mobile app would be great, but tough to find in this space. Easy to get a live person on the phone.

Good Rates

I opened a deposit account with GS bank approximately one year ago and am very happy with the decision. My main reason to open the account was for having an account to place my money that would provide a reasonable interest rate while still having the ability to freely access the money. When I first opened the account, I also had a deposit account at a similar institution but the GS Bank interest rate was higher than the other bank in addition to my traditional checking account. It is very easy to transfer money between my banks. In addition, the interest rate recently increased to 1.20% which is pretty competitive with CD rates at other banks with the added liquidity of having access to my balance at all times.

Great Interest Rate!

I have an online savings account with Goldman Sachs Bank. It pays a great interest rate, which is on par with CD's at other banks. However, you have complete flexibility to move money in and out of the account. The company pays interest monthly, and the account is very easy to set up. I recently purchased a house, so I had to put together a large amount of cash. However, I wanted to earn a little interest on that cash, so I put the money into my GS bank online savings account. I made a bit of interest before I needed the cash, and then was able to easily move the money out when it came time for my down payment. I would definitely recommend this bank to anyone looking for a higher yield online savings account.

I'm So Weary.

Posted by: youngsun | Aug 9, 2017

I have $441,843.60 with GS Bank as of today, I just found out that GS Bank tampered with Agreement Numbers for Savings and each of CDs, one of my husband's Agreement has disappeared, therefore, I checked beneficiary information too. Sure enough, GS Bank messed with our new beneficiary's social security number. No wonder, why SS numbers have been disabled, so that GS Bank can manipulate it. Supposedly, my beneficiary would have been out of luck. Not so fast though, I screenshot everything with date on it, also printed every conversation with GS Bank in regards to these matters.
I have read somebody's complaint on this website, about GS Bank not telling him amount in Uncle's account. My beneficiary will have even our passwords and computer.
I now prefer paper copy of beneficiaries for online banks and brokerages, sending it by a return receipt, and still got to verify with them.
I set up transfer at receiving bank as much as possible today, our two CDs will mature soon. I'm ready to file a complaint through CFPB, if there is more disturbance till then.

Bottom line is, all financial institutions nowadays, try to keep the money for themselves when account owner is gone, therefore, we should be very careful.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #33124
Year Established1990
Employees992
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD5.82%
Annual Interest Income$1.67B
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$151.2B$160.7B
LoansQ2 2017vs Q2 2016$50.68B$47.55B
DepositsQ2 2017vs Q2 2016$105.9B$113.7B
Equity CapitalQ2 2017vs Q2 2016$24.83B$23.89B
Loan Loss AllowanceQ2 2017vs Q2 2016$271.0MM$236.0MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$333.0MM$278.0MM
Real Estate OwnedQ2 2017vs Q2 2016$24.0MM$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Increases In CD Rates

ChasR   |  
GS Bank has increased various CD rates--1-year is 1.50% APY, 2-year is 1.65% APY, 3-year is 2.00% APY and 5-year is 2.40% APY.

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Goldman Sachs Bank USA Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%--Online Savings

Goldman Sachs Bank USA CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.45%$500-6 Year CD
2.40%$500-5 Year CD
2.00%$500-3 Year CD
1.90%$500-4 Year CD
1.65%$500-24 Month CD
1.55%$500-18 Month CD
1.50%$500-12 Month CD
0.70%$500-9 Month CD
0.60%$500-6 Month CD
Locations

Goldman Sachs Bank USA is an Internet only bank and does not have branch locations. Its headquarters is located at 200 West Street - New York, NY 10282