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Most Popular Goldman Sachs Bank USA Accounts

Account TypeAPYAccount NameMinMax
CD3.10%High-yield 5 Year CD$500$1mDetails »
CD2.55%High-yield 12 Month CD$500$1mDetails »
Savings2.05%High-yield Online Savings Account$1$1mDetails »
View all Goldman Sachs Bank USA accounts »

Overview / Commentary
212-902-1000
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 Ups Savings Account & Offers No-Penalty CDs - 10/26/2018

Goldman Sachs Bank USA increased the rate of its Online Savings Account by 10 bps to 2.05% APY. It also introduced three No-Penalty CDs this week.

Marcus Savings Rate Increases To 2.05% - 10/26/2018

Marcus (Goldman Sachs) has posted a change to the high yield savings rate. New rate is 2.05% (was 1.90%)

New 2.15% APY 13 Month No Penalty CD - 10/25/2018

Marcus is offering new No Penalty CDs with a $500 minimum opening deposit. For some reason they have different lengths with different APYs as follows: 7 months - 1.95% APY (Same as savings) 11 months - 2.10% APY 13 months - 2.15% APY It seems to be the same as Ally where you can withdraw the interest and principle penalty free 6 days after the account has been opened/funded. I'm not sure if you can close it online as easily as Ally but there was a "close this account" link on the No Penalty CD page. Previously with Marcus CDs I've had to call or write in to have a CD that is going to mature not be renewed. I have no idea why there would be multiple tiers as well. If it's all the same after 6 days you'd only be leaving money on the table by choosing anything other than 13 months.

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Reviews (138)

Recent change to Marcus was not a great move

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.

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!

Marcus SHMARCUS.

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.

Stay Away From CD - May Lose Principal

Posted by: Ben732 | Oct 25, 2018

I wanted to do early withdrawal from my CD, They told me I will lose portion of my principal if I withdraw. Nothing about this when you open CD account. The Fine print is too large to absorb .. Modern day robbery !!!

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
FDIC Certificate #33124
Year Established1990
Employees1606
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD8.03%
Annual Interest Income$2.60B
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$177.5B$151.2B
LoansQ2 2018vs Q2 2017$69.33B$50.68B
DepositsQ2 2018vs Q2 2017$127.7B$105.9B
Equity CapitalQ2 2018vs Q2 2017$26.57B$24.83B
Loan Loss AllowanceQ2 2018vs Q2 2017$412.0MM$271.0MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$392.0MM$333.0MM
Real Estate OwnedQ2 2018vs Q2 2017$23.0MM$24.0MM
  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.

Marcus Savings Rate Increases To 2.05%

Percussed   |  
Marcus (Goldman Sachs) has posted a change to the high yield savings rate. New rate is 2.05% (was 1.90%)

New 2.15% APY 13 Month No Penalty CD

bankingar   |  
Marcus is offering new No Penalty CDs with a $500 minimum opening deposit. For some reason they have different lengths with different APYs as follows:

7 months - 1.95% APY (Same as savings)
11 months - 2.10% APY
13 months - 2.15% APY

It seems to be the same as Ally where you can withdraw the interest and principle penalty free 6 days after the account has been opened/funded. I'm not sure if you can close it online as easily as Ally but there was a "close this account" link on the No Penalty CD page. Previously with Marcus CDs I've had to call or write in to have a CD that is going to mature not be renewed.

I have no idea why there would be multiple tiers as well. If it's all the same after 6 days you'd only be leaving money on the table by choosing anything other than 13 months.

Online Savings 1.95% Now

pinkterror   |  
https://www.marcus.com/us/en/savings/high-yield-savings 1.95%

Savings Upped To 1.90% APY

bankingar   |  
Checked this morning and Marcus is saying their savings is 1.90% APY (up from 1.85% and pulling just ahead of Ally). As usual I expect to see the rate change on existing accounts tomorrow morning.

Rates
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Goldman Sachs Bank USA Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%$1$1mHigh-yield Online Savings Account

Goldman Sachs Bank USA CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.15%$500$1mHigh-yield 6 Year CD
3.10%$500$1mHigh-yield 5 Year CD
2.70%$500$1mHigh-yield 4 Year CD
2.65%$500$1mHigh-yield 3 Year CD
2.60%$500$1mHigh-yield 2 Year CD
2.55%$500$1mHigh-yield 12 Month CD
2.55%$500$1mHigh-yield 18 Month CD
2.15%$500-13 Month No-Penalty CD
2.10%$500-11 Month No-Penalty CD
2.05%$500-7 Month No-Penalty CD
0.70%$500$1mHigh-yield 9 Month CD
0.60%$500$1mHigh-yield 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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.