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Most Popular Goldman Sachs Bank USA Accounts

Account TypeAPYAccount NameMinMax
Savings1.30%High-yield Online Savings Account-$1mDetails »
CD2.00%High-yield 3 Year CD$500$1mDetails »
CD2.40%High-yield 5 Year CD$500$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

GS Bank Being Rebranded To Marcus by Goldman Sachs - 11/22/2017

GS Bank will soon be renamed to Marcus by Goldman Sachs. Goldman Sachs has recently been announcing this change to the media and to customers.

GS Bank Increases Online Savings Account Rate - 10/12/2017

GS Bank raised its Savings Account rate to 1.30% APY. This is the second rate increase this year. In June, GS Bank had its first rate increase since GS Bank was formed.

GS Bank Savings Rate Is Now 1.3% APY - 10/12/2017

Raised from 1.2% to 1.3% https://www.gsbank.com/savings-products/online-savings.html?prod=SAV

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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!

Odd Duplicate Statments

I haven't had any significant problems with Goldman Sach, but one odd thing they have with Joint Accounts: every month you get two statements. The statements are numbered and these numbers are different, so you have to check that the results are identical. It's a hassle and I don't understand why when I login, I will always see two identical (except for the statement #), statements, for each and every month.

Now it's up to me to check that they are indeeed, duplicate.

This Bank Is Not Linkable If You Use Mint

as a mint user I'm not able connect my accounts, despite the fact they advertise on their website.

I had to close my account as soon as I opened it. I spoke with a couple reps at the bank, and they have no intention for this connectivity.

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
Employees1119
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 Savings Rate Is Now 1.3% APY

SYC   |  

Goldman Sachs Increases 1 Yr CD Rate

iamaroc   |  
GS Bank increases 1 yr CD to 1.65%, nice!

Rates
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Goldman Sachs Bank USA Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%-$1mHigh-yield Online Savings Account

Goldman Sachs Bank USA CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.45%$500$1mHigh-yield 6 Year CD
2.40%$500$1mHigh-yield 5 Year CD
2.00%$500$1mHigh-yield 3 Year CD
1.90%$500$1mHigh-yield 4 Year CD
1.75%$500$1mHigh-yield 24 Month CD
1.70%$500$1mHigh-yield 18 Month CD
1.65%$500$1mHigh-yield 12 Month CD
1.35%$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