Is Marcus' savings rate better than Ally's?

Yes -- as of July 2025, Marcus offers 3.65% APY while Ally offers around 3.50%. That’s a small difference, but it can add up on larger balances.

Is Marcus FDIC-insured?

Yes. Your deposits are protected up to $250,000 per depositor, per ownership category.

Can I deposit cash at Marcus?

No -- Marcus doesn’t accept cash or checks. You’ll need to transfer funds electronically from another bank.

How often does Marcus change its APY?

It varies. Marcus typically adjusts rates in response to the Fed or market trends, often within a few weeks of key policy changes.

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Marcus Savings Rate: What You’ll Earn in 2025

July 8, 2025

5 min Read

Written by Rudri Patel

Edited by Joe Evans

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Marcus Bank is backed by Goldman Sachs. Marcus by Goldman Sachs Online Savings Account offers a —  that’s nearly ten times the national average of just 0.38% for basic savings accounts.

Looking to earn more interest on your savings? You might be wondering how much the Marcus savings rate pays — and whether it’s worth switching.

What Is the Marcus Savings Rate Right Now?

Short answer: as of July 2025. That’s what Marcus by Goldman Sachs is offering on its online savings account — no strings attached.

No monthly fees
No minimum deposit
FDIC-insured up to $250,000

In a low-rate environment where the average savings account earns just 0.38% APY, that’s a pretty solid deal for savers looking to grow their money faster.

Quick Look: Marcus Savings Account Features

The vast majority of Americans don’t keep their money in high-yield savings accounts. Here’s what you get with a Marcus high-yield savings account:

APY (as of July 2025)
No fees or minimum balance requirement
FDIC-insured up to $250,000
Online access through an app or a browser
Same-day transfers up to $100,000
Daily compounding interest

Pro tip: If you’re keeping a large emergency fund or saving for a big goal, these features make Marcus a competitive place to park your cash.

Marcus Savings Rate Over the Past Year

Here’s a snapshot of how the Marcus savings rate has changed over the last 12 months:

Month	APY
July 2025
June 2025	3.65%
April-May 2025	3.65%
March 2025	3.90%
Jan-Feb 2025	3.90%
Late 2024	Peaked at 4.40%

Rates dropped from 4.40% in mid-2024 to in 2025. This downward shift reflects falling inflation and changes in the federal funds rate.

How Marcus Compares to Other High-Yield Savings Accounts

Getting your finances together can be challenging. Only 27% of respondents correctly answered at least five of seven basic financial questions in a recent FINRA Foundation survey. A high-yield savings account can set you apart on your savings journey.

Wondering how Marcus stacks up against the competition? Here’s a side-by-side look:

Feature	Marcus	Ally Bank	Synchrony Bank	CIT Bank
APY
Monthly Fees	None	None	None	None
Minimum Deposit	$0	$0	$0	$100
Mobile Check Deposit	No	Yes	Yes	Yes
ATM Access	No	Yes	Yes	No

Key Takeaways:

Ally wins on convenience with full mobile functionality and ATM support.
Marcus has one of the easiest setups: no minimums, no fees and a strong APY.
Synchrony and CIT offer slightly higher rates but come with trade-offs like deposit minimums or no ATM access.

Other Marcus Savings Products to Consider

Marcus isn’t just about savings accounts. If you’re looking to lock in a rate, here are a few other options:

1. High-Yield CDs

Terms from 6 months to 6 years
APYs up to
$500 minimum deposit

2. No-Penalty CDs

Withdraw after 7 days — no fees
Terms of 7, 11 or 13 months
Earn

3. Rate Bump CD

Lock in a 20-month term
Switch to a higher rate once the market rises

These are good alternatives if you don’t need immediate access to your money and want to guarantee a rate.

Pros of a Marcus Online Savings Account

High APY without strings
No fees, ever
Fast transfers and daily compounding
Solid mobile app and web platform
Great for large balances

Nearly half of all Americans don’t have an emergency savings fund at all. Marcus helps change that by rewarding people who build a cash cushion.

Cons To Watch Out For

No ATM card
Can’t deposit cash
No mobile check deposit
Limited physical banking features

If you need more day-to-day flexibility, you may prefer a bank that also offers checking and ATM access.

How To Open a Marcus Savings Account (Step-by-Step)

Opening an account is quick and 100% online:

Go to their website or download the app.
Submit your info: name, SSN, email, address, phone.
Link a bank account using routing and account numbers.
Transfer funds via ACH or wire.

You’ll start earning interest as soon as the money hits. No credit check is required.

Why the Marcus Savings Rate Changes

Interest rates aren’t static. Marcus adjusts its APY based on:

Federal Reserve decisions
Inflation levels
What competitors are offering
Their own business funding needs

For example, the Fed has kept rates steady through 2025, but CD rates and HYSA yields have ticked down slightly as inflation cooled.

Is Marcus by Goldman Sachs Safe?

Yes — Marcus is FDIC-insured up to $250,000 per depositor, per account type. And it’s backed by Goldman Sachs, one of the oldest and most trusted names in banking, founded in 1869.

Security features include:

Multi-factor authentication
Data encryption
Login history tracking
24/7 fraud monitoring

Final Take to GO: Is Marcus Worth It?

If you’re looking for a no-hassle, high-yield savings account with strong returns, Marcus is a smart choice in 2025. It’s ideal for:

People who want above-average interest without fees
Savers with $5,000 to $50,000+ in cash don’t need to access daily
Anyone who prefers simple, secure online banking

However, if you need ATM access, mobile check deposits or want to handle cash, you might want to compare Marcus with banks like Ally or Synchrony.

FAQs: Marcus Savings Rate and More

Here are the answers to some of the most frequently asked questions about Marcus' savings rates.

Is Marcus' savings rate better than Ally's?
- Yes -- as of July 2025, Marcus offers 3.65% APY while Ally offers around 3.50%. That’s a small difference, but it can add up on larger balances.
Is Marcus FDIC-insured?
- Yes. Your deposits are protected up to $250,000 per depositor, per ownership category.
Can I deposit cash at Marcus?
- No -- Marcus doesn’t accept cash or checks. You’ll need to transfer funds electronically from another bank.
How often does Marcus change its APY?
- It varies. Marcus typically adjusts rates in response to the Fed or market trends, often within a few weeks of key policy changes.

Information is accurate as of July 8, 2025.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

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