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Most Popular Goldman Sachs Bank USA Accounts

Account TypeAPYAccount NameMinMax
Savings1.50%High-yield Online Savings Account-$1mDetails »
CD1.80%High-yield 12 Month CD$500$1mDetails »
CD2.00%High-yield 3 Year CD$500$1mDetails »
CD2.50%High-yield 5 Year CD$500$1mDetails »
View all Goldman Sachs Bank USA accounts »

Overview / Commentary
200 West Street
New York, NY 10282

In December 2017, Goldman Sachs Bank USA re-branded to Marcus by Goldman Sachs - Goldman Sachs Bank USA. Marcus is the name the company had been using exclusively for their online lending business. The deposit offerings renamed the same, but Goldman rolled out a new and improved mobile experience with the new brand.

As of 2008, Goldman Sachs Bank USA, 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, Marcus offers deposit products to both individuals and institutions, including interest-bearing online savings accounts and Certificates of Deposit (CDs). Their online savings accounts feature no minimum initial deposits to open. Their 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 Marcus 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 Marcus’s deposit accounts feature convenient access to online banking, banking by phone, bank transfers, and wire transfers. Although they are an internet-only bank, funds can also be deposited via mailed checks..

Marcus by Goldman Sachs - Goldman Sachs Bank USA 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

Goldman Sachs Bank USA Hikes Savings Account and CD Rates Again - 1/12/2018

Goldman Sachs Bank USA (now operating under the brand Marcus by Goldman Sachs) increased rates on its Online Savings Account and three of its CDs today.

GS Bank/Marcus Ups Savings Rate To 1.5% - 1/12/2018

Gs Bank/Marcus has posted a new rate of 1.5% for online savings accounts.

Savings Account and CD Rate Hikes at Goldman Sachs Bank USA - 12/28/2017

Goldman Sachs Bank USA (now operating under the brand Marcus by Goldman Sachs) increased rates on its Online Savings Account and three of its long-term CDs today.

View all posts from:

A convenient, fee-free bank

Posted by: tracihays | Oct 3, 2017

I've been with GS Bank for a few years now, albeit not by choice--my account with the old online-only GE Capital Bank got turned over to them. I was wary at first, but I decided to keep my savings account with them, to see how it fared. They've far exceeded my expectations. First, they raise their interest rates quite regularly--to my recollection, a whole .10%-.20% in the last year. That's still far more than most brick and mortar banks offer at all. I've never paid them a penny in fees. Crucially for an online-only bank, their website is excellent. I can't stress that enough. It works as well on mobile as it does on my desktop, and I've never had an error, problem, 404, outage, anything. Considering that website is the only link between me and my money, it needs to work perfectly--and it does. Adding new external accounts is very easy; the test deposits have always been really fast (usually the next business day). Their customer service is excellent. I travel abroad quite often and they have a dedicated international number. Their service center is also open for 16 hours a day, so I never have to worry about not being able to call in time (on the few occasions I've had to call). I'm so impressed with them I opened my first CD with them last month. If they keep operating this way, I'll be a loyal customer for a long, long time!

Marcus Is So Bad Website...

Previous GE Capital and GS Bank (which has same website look n feel derived from GE Capital bank) was decent to use and faster. But Goldman sachs introduced this new Marcus website platform really sucks... So bad website and have to scroll up and down to see just minor details of account... so bad website...they should replace this design and development team as by being my self web developer / software engineer... this is not acceptable response time from bank website! Hope GS bank will fix this slowness and ugliness of the site!


GS Bank was great. SInce the rebranding to Marcus the online banking experience has gone downhill. The website is just plain awful. It's tedious to navigate and slow. Hopefully Marcus execs read the complaints and make changes PRONTO.

Complete Joke

Posted by: sammyw19 | Jan 2, 2018

The new Marcus site is a complete joke. You literally cannot access your account outside the US. This is shocking and even using VPNs I have been unable to access. They also block mint and all similar sites, so if you happen to be overseas on business or vacation, you won't even be able to figure out your account balance. The phone hotline is a farce and you will spend 20 minutes talking to a computer before getting connected to anyone.

GS Bank was perfectly fine. Great rates, and I can easily check balance and transfer in/out. It's not complicated but they have screwed it up somehow with the new Marcus site. Rates went up to 1.4% but if you can't access the account, then obviously its not a serious choice. Moving my money out the minute I'm back in the states.



Health Grade Components

FDIC Certificate #33124
Year Established1990
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD5.82%
Annual Interest Income$2.64B
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$158B$158.4B
LoansQ3 2017vs Q3 2016$55.53B$47.83B
DepositsQ3 2017vs Q3 2016$108.4B$111.5B
Equity CapitalQ3 2017vs Q3 2016$25.19B$24.26B
Loan Loss AllowanceQ3 2017vs Q3 2016$316.0MM$218.0MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$313.0MM$232.0MM
Real Estate OwnedQ3 2017vs Q3 2016$24.0MM$11.0MM
  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.

GS Bank/Marcus Ups Savings Rate To 1.5%

WheelinDealin   |  
Gs Bank/Marcus has posted a new rate of 1.5% for online savings accounts.

GS Bank Ups Its Online Saving To 1.4% From 1.3% APY Today

SYC   |  

5 Yr CD Rate Increase

nao597   |  
5 yr APY now 2.5% was 2.45%, 6 yr 2.55%. $500 min to open, more info @ marcus.com/us/en/savings

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Goldman Sachs Bank USA Savings Account Rates

1.50%-$1mHigh-yield Online Savings Account

Goldman Sachs Bank USA CD Rates

2.55%$500$1mHigh-yield 6 Year CD
2.50%$500$1mHigh-yield 5 Year CD
2.10%$500$1mHigh-yield 4 Year CD
2.00%$500$1mHigh-yield 3 Year CD
1.90%$500$1mHigh-yield 24 Month CD
1.85%$500$1mHigh-yield 18 Month CD
1.80%$500$1mHigh-yield 12 Month CD
0.70%$500$1mHigh-yield 9 Month CD
0.60%$500$1mHigh-yield 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