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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 »
CD1.40%12 Month CD$500-Details »
CD1.90%3 Year CD$500-Details »
CD2.25%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’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.

Goldman Sachs Raising Savings Rate To 1.20% - 6/7/2017

Reuters reports that Goldman Sachs Bank is raising the savings rate to 1.20% http://www.reuters.com/article/us-goldman-sachs-rates-idUSKBN18Y09Y

GS Bank Raises CD Rates for the Second Time in the Last Month - 5/4/2017

Another big internet bank raised its CD rates. GS Bank increased the rates on most of its CDs today. The most competitive CDs are now its 3-year CD and 1-year CD.

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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.

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.

Terrible Customer Service

Posted by: setsurenka | Jul 9, 2017

Terrible customer service and not international-friendly at all, which is extremely disappointing for the GS brand. The login page has been "under maintenance" for weeks and all I can get from them is "call us." But I'm an expat working abroad, and their "international" number charges us for an automated system that wastes our time instead of connecting us directly to an operator.

As soon as I gain access, I'm transferring my savings out to another bank with decent international customer service.

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
Employees940
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD5.39%
Annual Interest Income$788.0MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$156.2B$143.4B
LoansQ1 2017vs Q1 2016$47.57B$49.95B
DepositsQ1 2017vs Q1 2016$110.7B$92.80B
Equity CapitalQ1 2017vs Q1 2016$24.95B$23.50B
Loan Loss AllowanceQ1 2017vs Q1 2016$219.0MM$250.0MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$303.0MM$99.0MM
Real Estate OwnedQ1 2017vs Q1 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.

Goldman Sachs Raising Savings Rate To 1.20%

CapitalClimate   |  
Reuters reports that Goldman Sachs Bank is raising the savings rate to 1.20%
http://www.reuters.com/article/us-goldman-sachs-rates-idUSKBN18Y09Y

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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
2.30%$500-6 Year CD
2.25%$500-5 Year CD
1.90%$500-3 Year CD
1.80%$500-4 Year CD
1.55%$500-24 Month CD
1.45%$500-18 Month CD
1.40%$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