Marcus
by Goldman Sachs · Finance & Banking · Banking
Goldman Sachs consumer banking brand offering high-yield savings accounts and personal loans.
Quick Answer: Marcus has a verified Real Score of 3.8/5 based on 13,000 verified reviews, compared to its App Store rating of 4.6/5. Mixed reviews from verified users.
Real Score vs App Store Rating
App Store Rating
Includes unverified reviews
Verified Real Score
Based on 13,000 verified reviews
Gap Alert: Marcus's App Store rating is 0.8 points higher than its verified Real Score. This suggests that some store reviews may be inflated by fake or incentivized ratings.
Pros & Cons
What Users Love
- Competitive savings APY
- Goldman Sachs backing
- No minimum deposit
- No fees
Common Complaints
- Limited product range
- No checking account
- Basic app features
- Rumors of Goldman scaling back
Verified Reviews (20)
Solid high-yield savings
Marcus consistently offers a competitive APY on savings. Goldman Sachs backing provides confidence in stability. No fees, no minimums. A straightforward savings account done right.
Just a savings account, nothing more
Marcus is literally just a savings account and personal loans. No checking, no investing, no budgeting tools. If you want a simple savings vehicle, it's good. If you want anything else, look elsewhere.
Goldman Sachs gives me confidence
Having my savings at Goldman Sachs rather than a fintech startup gives me peace of mind. This is one of the world's largest banks. My money feels secure.
Worried about Goldman scaling back
News reports suggest Goldman may be pulling back from consumer banking. The uncertainty about Marcus's future makes me nervous about committing more money. Stability matters for savings.
No-penalty CD is unique
The no-penalty CD lets you lock in a rate but withdraw early without penalty. Best of both worlds - CD rates with savings account flexibility. Haven't found this elsewhere.
Personal loan rates were competitive
Got a personal loan through Marcus for debt consolidation. The rate was lower than my credit cards and the process was entirely online. No origination fees either.
App is bare bones
The Marcus app does the minimum - show balance, transfer money, that's about it. No budgeting, no spending insights, no financial planning tools. Functional but uninspiring.
Easy transfers to external banks
Transferring money between Marcus and my checking account at another bank is straightforward. Links easily, transfers typically complete in 1-2 business days.
Rate consistently among the best
I track savings account rates regularly. Marcus is always in the top 5. Not always #1 but consistently competitive. The rate reliability matters more than chasing the absolute highest rate.
No joint accounts available
Can't open a joint savings account with my spouse. For a savings account used by a household, this is an important missing feature.
FDIC insured, no worries
Full FDIC insurance through Goldman Sachs Bank USA. My savings are protected up to $250,000. No ambiguity about banking partners like some fintechs.
Emergency fund lives here
My $15,000 emergency fund has been in Marcus for 3 years. Earning meaningful interest, completely safe, easily accessible when needed. Perfect home for emergency savings.
Automatic savings transfers
Setting up recurring transfers from my checking to Marcus savings automates saving. $500/month moves automatically. Out of sight, out of mind, growing with interest.
Mobile app could be better
The app feels like an afterthought. Basic functionality works but it lacks the polish and features of modern banking apps. Goldman is a tech company in other areas - why not here?
No minimum deposit is nice
Open an account and deposit any amount. No $500 minimum, no $1000 to earn the advertised rate. What you see is what you get from dollar one.
Customer service was actually helpful
Called about a transfer question and got a knowledgeable person quickly. They resolved my issue in one call. Better customer service than I expected.
Wish they offered a checking account
If Marcus added a checking account, I could consolidate banking. Having savings at Marcus and checking elsewhere means managing two separate banking relationships.
Great place to park short-term savings
Saving for a house down payment and Marcus gives me a safe place with good returns. Not investing it (too risky for a timeline goal), just saving it and earning interest.
Simple and trustworthy
Marcus doesn't try to be everything. It's a savings account from a reputable bank with good rates. Sometimes simple and trustworthy is exactly what you need for your savings.
Interest is taxable income
Remember that savings interest is taxable. At 4.5% on $20,000, that's $900 of taxable income. Marcus sends a 1099-INT. Factor taxes into your effective rate calculation.
Showing 1-20 of 12,847 reviews
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Last updated: April 2026