Open an AccountGoldman Sachs Bank USA
Most Popular Goldman Sachs Bank USA Accounts
| Account Type | APY | Account Name | Min | Max | |
|---|---|---|---|---|---|
| CD | 3.10% | High-yield 5 Year CD | $500 | $1m | Details » |
| CD | 2.55% | High-yield 12 Month CD | $500 | $1m | Details » |
| Savings | 1.90% | 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.
Related Posts
9/19 - Savings Upped To 1.90% APY
9/4 - Goldman Sachs Bank USA Hikes Rates on Seven High-yield CDs
8/9 - Small Rate Hike on Online Savings Account at Goldman Sachs Bank USA
8/9 - Small Savings Increase AT Goldman Sachs(Marcus)
7/24 - Goldman Sachs Bank USA Increases 12-Month High-Yield CD Rate
7/10 - Goldman Sachs 3-Y. Brokered CD: New Issue, 3.05%
6/26 - Goldman Sachs Bank USA Increases 5-Year High-Yield CD Rate
6/22 - Goldman Sachs Bank USA Hikes Online Savings Account Rate
6/13 - Goldman Sachs Bank USA Ups Seven High-yield CD Rates
5/15 - Goldman Sachs Bank USA Raises Online Savings Account Rate
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
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.
Beware Of Marcus
I can only say I am very sorry I have three CDs with this institution. Following is why I am not happy at all.
1. The use of a users email as their name and log in is absure, other reviewers have stated they lost their money already.
Therefore that is why I believe they sent this out to all account holders today,
The requirement and the long list to absolve themselves of any responsibility sent today 6/01/2018 , unless you sign and agree you cannot log in is absured and sickining, therefore I have converted to paper statements. One reviewer on here stated they changed her benificiary. N
Numerous other both here and on the better business bureau, these reviews should be read before you get an account here. I requested today that they provide a list of the beneficiaried to me in writing on these accounts. First they told me they cannot do that, only when I stated I will be reporting them to the better business bureau did they say they would comply. I will wait to see what happens here.
I would suggest you read the fine print they want you to agree to before committing yourself, and that they own your information, furthermore their penalties are in fact outrageous, not to mention there are better instutions out there paying a much better rate, and not ripping off the public, with one years loss of interest.
They were good and website was good before they introduced this Marcus Brand. I did not deposit my money with Marcus at all. A total headache all around.
.Just not surprising at all this just released today 6/29/2018
The two Wall Street firms Goldman and Morgan Stanley, meanwhile, failed an annual "stress test" requiring them to maintain adequate financial strength even following a hypothetical severe recession and market downturn
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 33124 |
| Year Established | 1990 |
| Employees | 1606 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.22% |
| Return on Equity - YTD | 8.03% |
| Annual Interest Income | $2.60B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $177.5B$151.2B |
| Loans | Q2 2018vs Q2 2017 | $69.33B$50.68B |
| Deposits | Q2 2018vs Q2 2017 | $127.7B$105.9B |
| Equity Capital | Q2 2018vs Q2 2017 | $26.57B$24.83B |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $412.0MM$271.0MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $392.0MM$333.0MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $23.0MM$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.
Savings Upped To 1.90% APY
Goldman Sachs 3-Y. Brokered CD: New Issue, 3.05%
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 |
|---|---|---|---|---|
| 1.90% | $1 | $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