Open an AccountGoldman Sachs Bank USA
Most Popular Goldman Sachs Bank USA Accounts
| Account Type | APY | Account Name | Min | Max | |
|---|---|---|---|---|---|
| Savings | 1.70% | High-yield Online Savings Account | - | $1m | Details » |
| CD | 2.20% | High-yield 12 Month CD | $500 | $1m | Details » |
| CD | 2.35% | High-yield 3 Year CD | $500 | $1m | Details » |
| CD | 2.80% | High-yield 5 Year CD | $500 | $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.
Related Posts
5/15 - Savings Rate Updated To 1.70%
4/27 - Small Rate Hikes on Five CDs at Goldman Sachs Bank USA
4/16 - Marcus Raises Savings Rate To 1.60%
4/9 - Goldman Sachs Bank USA Hikes Online Savings Account
3/26 - Goldman Sachs Bank USA Hikes Rates on Seven of Its CDs
3/26 - Goldman Sachs Increases 5 Year CD To 2.75% APY
2/14 - Large CD Rate Hikes at Goldman Sachs Bank USA
1/12 - Goldman Sachs Bank USA Hikes Savings Account and CD Rates Again
1/12 - GS Bank/Marcus Ups Savings Rate To 1.5%
12/28 - GS Bank Ups Its Online Saving To 1.4% From 1.3% APY Today
12/28 - 5 Yr CD Rate Increase
11/22 - GS Bank Being Rebranded To Marcus by Goldman Sachs
10/12 - GS Bank Increases Online Savings Account Rate
10/12 - GS Bank Savings Rate Is Now 1.3% APY
10/3 - Goldman Sachs Increases 1 Yr CD Rate
10/3 - GS Bank Ups Rates on Four CDs
8/31 - GS Bank Ups CD Rates with Largest Gains on Long-Term CDs
8/31 - Increases In CD Rates
6/7 - GS Bank’s First Rate Increase of Its Online Savings Account
6/7 - Goldman Sachs Raising Savings Rate To 1.20%
5/4 - GS Bank Raises CD Rates for the Second Time in the Last Month
4/5 - GS Bank Increases CD Rates
Online banking with Goldman Sachs
I was looking to get a better APY on my savings than I was receiving in my savings account at the local bank. I searched online and compared several choices. Goldman Sachs savings offered a much higher rate with no fees. I opened an account easily online and transferred some money into it. I receive monthly account statements online and have had excellent customer service. I have earned way more than I would have at my regular bank and am very happy with my decision. Goldman Sachs has changed its banking name to "Marcus" for some reason, but as they say, "a rose by any other name smells as sweet," and I love the smell of money.
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.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 33124 |
| Year Established | 1990 |
| Employees | 1236 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 5.65% |
| Annual Interest Income | $3.69B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $164.5B$159.1B |
| Loans | Q4 2017vs Q4 2016 | $59.08B$47.00B |
| Deposits | Q4 2017vs Q4 2016 | $115.7B$114.8B |
| Equity Capital | Q4 2017vs Q4 2016 | $25.55B$24.61B |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $354.0MM$219.0MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $293.0MM$167.0MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $24.0MM$6.0MM |
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.
Savings Rate Updated To 1.70%
https://www.marcus.com/us/en/savings
Marcus Raises Savings Rate To 1.60%
Goldman Sachs Increases 5 Year CD To 2.75% APY
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.
Goldman Sachs Bank USA Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.70% | - | $1m | High-yield Online Savings Account |
Goldman Sachs Bank USA CD Rates
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