|Account Type||APY||Account Name||Min||Max|
|CD||3.10%||High-yield 5 Year CD||$500||$1m||Details »|
|CD||2.75%||High-yield 12 Month CD||$500||$1m||Details »|
|Savings||2.25%||High-yield Online Savings Account||$1||$1m||Details »|
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.
The interest rates are very competitive, and the phone customer service has good availability. The problem is that they recently changed the website to Marcus.com, which has all of these fancy graphics but is actually much more difficult to use than the old gsbank.com. It's not a dealbreaker, but it still sucks that the bank management people don't understand that huge text and fancy graphics don't make the website a better user experience.
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!
Good luck getting money out of your account. I closed a no-penalty CD and it took 9 days and many hours on the phone for 6 days to transfer the CD to a Marcus savings account (an internal transfer that should take less than 5 minutes). Customer service puts you on hold all the time. Every phone call was 25 to 45 minutes long, with most of the time being on hold. Because there is no secure email, there is no electronic record of any customer support issue.
|FDIC Certificate #||33124|
|Return on Assets - YTD||1.18%|
|Return on Equity - YTD||7.75%|
|Annual Interest Income||$4.09B|
|Assets and Liabilities|
|Assets||Q3 2018vs Q3 2017||$179.2B$158B|
|Loans||Q3 2018vs Q3 2017||$71.05B$55.53B|
|Deposits||Q3 2018vs Q3 2017||$130.2B$108.4B|
|Equity Capital||Q3 2018vs Q3 2017||$27.03B$25.19B|
|Loan Loss Allowance||Q3 2018vs Q3 2017||$519.0MM$316.0MM|
|Unbacked Noncurrent Loans||Q3 2018vs Q3 2017||$527.0MM$313.0MM|
|Real Estate Owned||Q3 2018vs Q3 2017||$30.0MM$24.0MM|
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|
|2.25%||$1||$1m||High-yield Online Savings Account|
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|3.15%||$500||$1m||High-yield 6 Year CD|
|3.10%||$500||$1m||High-yield 5 Year CD|
|2.80%||$500||$1m||High-yield 4 Year CD|
|2.75%||$500||$1m||High-yield 12 Month CD|
|2.75%||$500||$1m||High-yield 3 Year CD|
|2.70%||$500||$1m||High-yield 2 Year CD|
|2.65%||$500||$1m||High-yield 18 Month CD|
|2.35%||$500||-||13 Month No-Penalty CD|
|2.30%||$500||-||11 Month No-Penalty CD|
|2.25%||$500||-||7 Month No-Penalty CD|
|0.70%||$500||$1m||High-yield 9 Month CD|
|0.60%||$500||$1m||High-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