|Account Type||APY||Account Name||Min||Max|
|Savings||1.20%||Online Savings||-||-||Details »|
|CD||1.50%||12 Month CD||$500||-||Details »|
|CD||2.00%||3 Year CD||$500||-||Details »|
|CD||2.40%||5 Year CD||$500||-||Details »|
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.
I've been using the Goldman Sachs Bank for online savings for a few months now, and I think have a had a very good experience. Initially, I was a little concerned at the idea that it was all completely online, but that seems to be why my experience has been so positive. I have several checking and savings accounts, but it seems that in utilizing an online bank (since there are less fees overall) it's more beneficial because you get a higher interest/APY rate than all of my other banks combined! The highest interest I have ever received for a checking/savings account it about 0.08%. With GS online bank, I have an interest rate of 1.20%! The only thing I noticed was that I have difficulties logging in on certain devices sometimes, it gets temperamental and locks me out when all of my security answers are correct. However, I am able to unlock myself quickly by dialing a number and having a computer help unlock me. Other than that, if I ever need further assistance, I was able to call and speak to a live person who was kind and helpful and got me off the phone as quickly as possible. I enjoy my experience very much!
We have a high-interest savings account with Goldman Sachs bank. We like it because it yields a much higher rate than the savings account we have linked to our checking at our local back. Our account also does not require a high daily balance (even our old bank changed the minimum to $350 daily balance). We are also able to transfer money back into our checking account at another bank if needed. My only complaint here is that you have to wait a certain period of time in between such requests, and they often take several business days to clear. However, this is not a big deal because this account is more for our long-term savings and not for emergency funds.
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 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.
|FDIC Certificate #||33124|
|Return on Assets - YTD||0.93%|
|Return on Equity - YTD||5.82%|
|Annual Interest Income||$1.67B|
|Assets and Liabilities|
|Assets||Q2 2017vs Q2 2016||$151.2B$160.7B|
|Loans||Q2 2017vs Q2 2016||$50.68B$47.55B|
|Deposits||Q2 2017vs Q2 2016||$105.9B$113.7B|
|Equity Capital||Q2 2017vs Q2 2016||$24.83B$23.89B|
|Loan Loss Allowance||Q2 2017vs Q2 2016||$271.0MM$236.0MM|
|Unbacked Noncurrent Loans||Q2 2017vs Q2 2016||$333.0MM$278.0MM|
|Real Estate Owned||Q2 2017vs Q2 2016||$24.0MM$0|
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.
Always verify rates and promotions with the bank or credit union. We are not Goldman Sachs Bank USA; we are a rate comparison website and cannot provide official rates or promotions.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|APY||MIN||MAX||ACCOUNT NAME||VIEW 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|
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