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Marcus Bank Review: Eye-Catching APYs and Few Fees

Review Updated
Kailey Hagen
Steven Porrello
By: Kailey Hagen and Steven Porrello

Our Banking Experts

Eric McWhinnie
Check IconFact Checked Eric McWhinnie
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield

Marcus Bank specializes in savings accounts and CDs and offers competitive APYs (annual percentage yields). It also allows for same-day transfers to external banks, which helps make up for its lack of a checking account. Read our full Marcus Bank review to learn more about all the company has to offer.

Offer image for

Marcus by Goldman Sachs

Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Bottom Line

Marcus Bank offers some eye-catching APYs and it doesn't charge monthly maintenance fees on any of its accounts. You can't withdraw funds directly, but the bank does offer same-day transfers to other banks and credit unions for maximum convenience. 

Pros
  • Competitive APYs
  • No monthly maintenance fees
  • Same-day fund transfers to other banks
  • Variety of CD terms
Cons
  • No checking accounts

Marcus Bank savings accounts review

Marcus only currently offers one savings account product, but it's a pretty good one.

The Marcus by Goldman Sachs Online Savings Account offers a decent APY with no monthly maintenance fees or minimum balance requirements. This is pretty typical for online savings accounts. In fact, high APYs are a major advantage of online savings accounts when compared with brick-and-mortar savings accounts. 

What helps set this savings account apart from its online competitors? It offers same-day fund transfers of $100,000 or less to and from other banks. This is great if you need money in a hurry. It's especially useful with the Marcus by Goldman Sachs Online Savings Account, because this account doesn't offer an ATM card or any other way to directly withdraw funds.

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Ratings Methodology
Rates as of Mar 29, 2024
Goldman Sachs Bank USA. Sponsored Listing
Rating image, 4.75 out of 5 stars.
4.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.75 out of 5 stars.
4.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
  • Competitive APY
  • No maintenance fees
  • No minimum balance requirements

No ATM card access

The Marcus by Goldman Sachs Online Savings Account has proven that it's a competitive online savings account with a competitive annual percentage yield (APY), no fees, and no minimum balance requirements.

High-yield savings account comparison

We recommend comparing high-yield savings account options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of standout accounts.

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Account APY Promotion Next Steps
up to 4.60%
Rate info Circle with letter I in it. You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
N/A
4.35%
Rate info Circle with letter I in it. 4.35% annual percentage yield as of March 29, 2024
Min. to earn: $1
N/A
5.05% APY for balances of $5,000 or more
Rate info Circle with letter I in it. 5.05% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn: $100 to open account, $5,000 for max APY
N/A

Marcus Bank CD accounts

There are two types of Marcus by Goldman Sachs certificates of deposit (CDs): Marcus by Goldman Sachs High Yield CDs and Marcus by Goldman Sachs No-Penalty CDs.

Marcus by Goldman Sachs High Yield CDs

Marcus by Goldman Sachs High Yield CDs are its most popular option. Terms range from 6 months to 6 years, and you only need a minimum balance of $500 to open one. These CDs lock in your rate for the entire term. However, they also come with a 10-day rate guarantee. If Marcus's CD rates increase within 10 days after you open your CD, the bank will automatically raise your rate.

Marcus by Goldman Sachs No-Penalty CDs

Marcus Bank offers No-Penalty CDs with 7-, 11-, and 13-month terms. It has the same minimum balance requirements as the bank's High-Yield CDs ($500), but only the 13-month CD has a rate comparable to its High-Yield counterparts; APYs on the other two terms are far below today's highest-paying CDs. As the name implies, you can withdraw your savings from these CDs at any time after the first seven days without paying a penalty. Note that taking your funds out early will decrease the amount of interest you earn.

Compare CD rates

Currently, Marcus Bank's best offer is its 12-month CD. Even so, it doesn't have the highest CD rate on the market. For comparison, here's how it stacks up against other CD providers.

Rates as of
Bank & CD Offer APY Term Min. Deposit Next Steps
APY: 5.10% Term: 10 Months Min. Deposit:  $0
APY: 4.70% Term: 1 Year Min. Deposit:  $2,500
APY: 4.71% Term: 1 Year Min. Deposit:  $1
APY: 4.97% Term: 9 Months Min. Deposit:  $1
Member FDIC.
APY: 4.75% Term: 1 Year Min. Deposit:  $500
APY: 3.00% Term: 1 Months Min. Deposit: 
Huntington Bank Standard CD
Member FDIC.
APY: 0.05% Term: 1 Months Min. Deposit:  $1,000
Freedom Bank High-Yield CDs from Raisin
Member FDIC.
APY: 5.06% Term: 1 Months Min. Deposit:  $500
APY: 3.00% Term: 2 Months Min. Deposit: 
APY: 3.00% Term: 3 Months Min. Deposit:  $500
APY: 3.00% Term: 3 Months Min. Deposit:  $0
Huntington Bank Standard CD
Member FDIC.
APY: 0.05% Term: 3 Months Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 3 Months Min. Deposit:  $500
Freedom Bank High-Yield CDs from Raisin
Member FDIC.
APY: 5.10% Term: 3 Months Min. Deposit:  $500
APY: 5.31% Term: 3 Months Min. Deposit:  $1
APY: 2.00% Term: 3 Months Min. Deposit:  $2,500
APY: Up to 4.51% Term: 3 Months Min. Deposit:  $2,500
APY: 3.50% Term: 3 Months Min. Deposit: 
APY: 4.90% Term: 5 Months Min. Deposit: 
All America Bank CD
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit: 
Member FDIC.
APY: 5.05% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $2,500
Member FDIC.
APY: 5.37% Term: 6 Months Min. Deposit: 
Member FDIC.
APY: 5.45% Term: 6 Months Min. Deposit:  $1,000
Salem Five Bank CD
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $10,000
APY: 5.10% Term: 6 Months Min. Deposit:  $2,500
Member FDIC.
APY: 0.05% Term: 6 Months Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.22% Term: 6 Months Min. Deposit:  $1,000
Generations Bank High-Yield CD from Raisin
Member FDIC.
APY: 5.21% Term: 6 Months Min. Deposit:  $1
Vanguard Brokered CD
Member FDIC.
APY: 5.30% Term: 6 Months Min. Deposit:  $1,000
APY: Up to 2.51% Term: 6 Months Min. Deposit:  $2,500
APY: 4.95% Term: 6 Months Min. Deposit:  $500
Valley Bank CD
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit:  $500
APY: 4.40% Term: 6 Months Min. Deposit:  $0
Bask Bank CD
Member FDIC.
APY: 5.15% Term: 6 Months Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 6 Months Min. Deposit:  $1,000
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.50% Term: 6 Months Min. Deposit:  $1,000
APY: 4.25% Term: 6 Months Min. Deposit:  $2,500
APY: 5.05% Term: 6 Months Min. Deposit:  $500
APY: 3.00% Term: 6 Months Min. Deposit:  $500
APY: 5.15% Term: 6 Months Min. Deposit:  $0
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $1,000
APY: 3.80% Term: 6 Months Min. Deposit: 
APY: 4.00% Term: 6 Months Min. Deposit: 
APY: 4.35% Term: 6 Months Min. Deposit:  $0
APY: 4.00% Term: 6 Months Min. Deposit:  $1,000
Freedom Bank High-Yield CDs from Raisin
Member FDIC.
APY: 5.10% Term: 6 Months Min. Deposit:  $500
Fidelity CD
Member FDIC.
APY: 5.45% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 1.00% - 5.00% Term: 6 Months Min. Deposit:  $250.00
Republic Bank of Chicago CD
Member FDIC.
APY: 0.50% Term: 6 Months Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 6 Months Min. Deposit:  $500
APY: 5.23% Term: 6 Months Min. Deposit:  $1
Generations Bank CD
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: Up to 5.05% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 4.76% Term: 6 Months Min. Deposit:  $1,000
First Tech CD
APY: up to 4.91% Term: 6 Months Min. Deposit:  $500
First National Bank Special CD
Member FDIC.
APY: 5.20% Term: 7 Months Min. Deposit:  Up to $10,000
Huntington Bank Promotional CD
Member FDIC.
APY: 5.13% Term: 7 Months Min. Deposit:  $1,000
APY: 5.00% Term: 7 Months Min. Deposit: 
Member FDIC.
APY: 5.01% Term: 7 Months Min. Deposit:  $500
APY: 4.75% Term: 7 Months Min. Deposit:  $500
APY: Up to 5.01% Term: 7 Months Min. Deposit:  $2,500
APY: 5.15% Term: 9 Months Min. Deposit:  $2,500
APY: 4.45% Term: 9 Months Min. Deposit:  $0
APY: 4.25% Term: 9 Months Min. Deposit:  $2,500
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 5.55% Term: 9 Months Min. Deposit:  $10,000
APY: 5.10% Term: 9 Months Min. Deposit:  $500
Member FDIC.
APY: 3.75% Term: 9 Months Min. Deposit:  $500
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 9 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.30% Term: 9 Months Min. Deposit:  $500
Salem Five Bank CD
Member FDIC.
APY: 5.00% Term: 9 Months Min. Deposit:  $10,000
Freedom Bank No Penalty CDs from Raisin
Member FDIC.
APY: 5.10% Term: 9 Months Min. Deposit:  $1
APY: 4.90% Term: 9 Months Min. Deposit:  $0
Generations Bank High-Yield CD from Raisin
Member FDIC.
APY: 5.31% Term: 10 Months Min. Deposit:  $1
Huntington Bank Promotional CD
Member FDIC.
APY: 4.86% Term: 11 Months Min. Deposit:  $1,000
APY: 4.75% Term: 11 Months Min. Deposit:  $0
APY: 4.90% Term: 11 Months Min. Deposit:  $1,000
Member FDIC.
APY: 0.05% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.35% Term: 1 Year Min. Deposit:  $1,000
All America Bank CD
Member FDIC.
APY: 4.75% Term: 1 Year Min. Deposit: 
Freedom Bank No Penalty CDs from Raisin
Member FDIC.
APY: 5.15% Term: 1 Year Min. Deposit:  $1
Bask Bank CD
Member FDIC.
APY: 5.20% Term: 1 Year Min. Deposit:  $1,000
APY: 4.90% Term: 1 Year Min. Deposit:  $0
Flushing Bank CD
Member FDIC.
APY: 5.00% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.15% Term: 1 Year Min. Deposit:  $2,500
Member FDIC.
APY: Up to 4.80% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.31% Term: 1 Year Min. Deposit: 
Vanguard Brokered CD
Member FDIC.
APY: 5.40% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.76% Term: 1 Year Min. Deposit:  $1,000
APY: 5.25% Term: 1 Year Min. Deposit:  $2,500
Valley Bank CD
Member FDIC.
APY: 4.50% Term: 1 Year Min. Deposit:  $500
Member FDIC.
APY: 4.50% Term: 1 Year Min. Deposit:  $500
APY: 4.80% Term: 1 Year Min. Deposit:  $0
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.60% Term: 1 Year Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 0.75% Term: 1 Year Min. Deposit:  $1,000
APY: 1.50% Term: 1 Year Min. Deposit:  $500
APY: 5.15% Term: 1 Year Min. Deposit:  $500
APY: 4.00% Term: 1 Year Min. Deposit:  $0
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.35% Term: 1 Year Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1 Year Min. Deposit:  $500
Connexus Credit Union Share CD
APY: Up to 4.81 Term: 1 Year Min. Deposit:  $5,000
APY: 4.95% Term: 1 Year Min. Deposit:  $500
Member FDIC.
APY: 2.75% to 3.75% Term: 1 Year Min. Deposit:  $500
APY: 5.00% Term: 1 Year Min. Deposit:  $0
APY: 4.25% Term: 1 Year Min. Deposit: 
APY: 5.00% Term: 1 Year Min. Deposit:  $5,000
First Tech CD
APY: up to 4.55% Term: 1 Year Min. Deposit:  $500
APY: 4.75% Term: 1 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 5.45% Term: 1 Year Min. Deposit:  $1,000
APY: 4.65% Term: 1 Year Min. Deposit:  $0
Generations Bank CD
Member FDIC.
APY: 5.20% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 1.00% - 4.75% Term: 1 Year Min. Deposit:  $250.00
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 1 Year Min. Deposit:  $1,000
Salem Five Bank CD
Member FDIC.
APY: 5.55% Term: 1 Year Min. Deposit:  $10,000
Member FDIC.
APY: 5.25% Term: 1 Year Min. Deposit:  $1,500
First National Bank Special CD
Member FDIC.
APY: 5.00% Term: 13 Months Min. Deposit:  Up to $10,000
Member FDIC.
APY: 5.25% Term: 13 Months Min. Deposit:  $1,000
APY: 5.15% Term: 13 Months Min. Deposit: 
Member FDIC.
APY: 4.65% Term: 13 Months Min. Deposit:  $1,000
APY: 5.25% Term: 13 Months Min. Deposit: 
SchoolsFirst Federal Credit Union CD
Federally insured by NCUA.
APY: 5.00% Term: 13 Months Min. Deposit:  $500
Republic Bank of Chicago CD
Member FDIC.
APY: 4.33% Term: 13 Months Min. Deposit:  $1,000
Member FDIC.
APY: 4.00% Term: 15 Months Min. Deposit:  $500
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 5.30% Term: 15 Months Min. Deposit:  $10,000
Flushing Bank CD
Member FDIC.
APY: 4.60% Term: 15 Months Min. Deposit:  $1,000
Federally insured by NCUA.
APY: 5.10% Term: 16 Months Min. Deposit:  $500
Member FDIC.
APY: 5.10% Term: 1.5 Year Min. Deposit: 
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.07% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.15% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.00% Term: 1.5 Year Min. Deposit:  $500
Member FDIC.
APY: 4.60% Term: 1.5 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 5.50% Term: 1.5 Year Min. Deposit:  $1,000
Salem Five Bank CD
Member FDIC.
APY: 4.50% Term: 1.5 Year Min. Deposit:  $10,000
APY: 3.25% Term: 1.5 Year Min. Deposit:  $0
Member FDIC.
APY: 4.60% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.85% Term: 1.5 Year Min. Deposit:  $500
Bask Bank CD
Member FDIC.
APY: 4.50% Term: 1.5 Year Min. Deposit:  $1,000
APY: 4.50% Term: 1.5 Year Min. Deposit:  $0
APY: 4.60% Term: 1.5 Year Min. Deposit:  $1,000
APY: 4.50% Term: 1.5 Year Min. Deposit:  $0
Member FDIC.
APY: 0.05% Term: 1.5 Year Min. Deposit:  $250.00
Republic Bank of Chicago CD
Member FDIC.
APY: 1.00% Term: 1.5 Year Min. Deposit:  $1,000
APY: 4.75% Term: 1.5 Year Min. Deposit:  $500
APY: 4.40% Term: 1.5 Year Min. Deposit:  $2,500
Member FDIC.
APY: 0.05% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.55% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $2,500
APY: 4.90% Term: 1.5 Year Min. Deposit:  $2,500
APY: 1.50% Term: 1.5 Year Min. Deposit:  $500
APY: 4.45% Term: 1.5 Year Min. Deposit:  $0
APY: 4.80% Term: 1.5 Year Min. Deposit:  $500
APY: 4.27% Term: 1.5 Year Min. Deposit: 
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1.5 Year Min. Deposit:  $500
APY: 4.50% Term: 1.5 Year Min. Deposit:  $0
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 1.5 Year Min. Deposit:  $1,000
Vanguard Brokered CD
Member FDIC.
APY: 5.30% Term: 1.5 Year Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 3.50% Term: 19 Months Min. Deposit:  Up to $10,000
Member FDIC.
APY: 5.20% Term: 2 Year Min. Deposit: 
Member FDIC.
APY: 5.40% Term: 2 Year Min. Deposit:  $1,000
APY: 1.50% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 4.50% Term: 2 Year Min. Deposit:  $2,500
All America Bank CD
Member FDIC.
APY: 4.25% Term: 2 Year Min. Deposit: 
First Tech CD
APY: up to 2.25% Term: 2 Year Min. Deposit:  $500
Generations Bank CD
Member FDIC.
APY: 4.24% Term: 2 Year Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 1.25% Term: 2 Year Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.85% Term: 2 Year Min. Deposit:  $1,000
Connexus Credit Union Share CD
APY: Up to 4.56% Term: 2 Year Min. Deposit:  $5,000
Fidelity CD
Member FDIC.
APY: 5.40% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 0.05% Term: 2 Year Min. Deposit:  $250.00
APY: 4.00% Term: 2 Year Min. Deposit:  $0
APY: 4.40% Term: 2 Year Min. Deposit:  $1,000
APY: 4.20% Term: 2 Year Min. Deposit:  $0
APY: 4.00% Term: 2 Year Min. Deposit:  $0
APY: 3.30% Term: 2 Year Min. Deposit:  $5,000
APY: 4.30% Term: 2 Year Min. Deposit: 
Member FDIC.
APY: Up to 4.30% Term: 2 Year Min. Deposit:  $1,000
Bask Bank CD
Member FDIC.
APY: 4.50% Term: 2 Year Min. Deposit:  $1,000
APY: 4.50% Term: 2 Year Min. Deposit:  $2,500
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 2 Year Min. Deposit:  $500
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.45% Term: 2 Year Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 2 Year Min. Deposit:  $1,000
Valley Bank CD
Member FDIC.
APY: 4.00% Term: 2 Year Min. Deposit:  $500
APY: 4.50% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 4.25% Term: 2 Year Min. Deposit:  $1,000
Vanguard Brokered CD
Member FDIC.
APY: 5.20% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.65% Term: 2 Year Min. Deposit:  $1,500
Member FDIC.
APY: 2.00% Term: 2 Year Min. Deposit:  $500
APY: 4.00% Term: 2 Year Min. Deposit:  $2,500
Salem Five Bank CD
Member FDIC.
APY: 3.25% Term: 2 Year Min. Deposit:  $10,000
APY: 4.40% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 4.50% Term: 2 Year Min. Deposit:  $500
APY: 4.20% Term: 2 Year Min. Deposit:  $0
Member FDIC.
APY: 0.05% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.00% Term: 25 Months Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 3.50% Term: 25 Months Min. Deposit:  Up to $10,000
APY: 1.50% Term: 30 Months Min. Deposit:  $500
APY: 3.75% Term: 30 Months Min. Deposit:  $2,500
Member FDIC.
APY: 4.75% Term: 35 Months Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 35 Months Min. Deposit:  Up to $10,000
APY: 1.50% Term: 3 Year Min. Deposit:  $500
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 3 Year Min. Deposit:  $500
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 3 Year Min. Deposit:  $1,000
APY: 3.50% Term: 3 Year Min. Deposit:  $0
Vanguard Brokered CD
Member FDIC.
APY: 5.15% Term: 3 Year Min. Deposit:  $1,000
APY: 3.75% Term: 3 Year Min. Deposit:  $2,500
APY: 4.00% Term: 3 Year Min. Deposit:  $0
Member FDIC.
APY: 2.00% Term: 3 Year Min. Deposit:  $500
APY: 3.35% Term: 3 Year Min. Deposit:  $5,000
Salem Five Bank CD
Member FDIC.
APY: 2.00% Term: 3 Year Min. Deposit:  $10,000
Member FDIC.
APY: 4.40% Term: 3 Year Min. Deposit:  $500
APY: 4.10% Term: 3 Year Min. Deposit:  $0
First Tech CD
APY: up to 2.45% Term: 3 Year Min. Deposit:  $500
All America Bank CD
Member FDIC.
APY: 3.75% Term: 3 Year Min. Deposit: 
Member FDIC.
APY: 4.30% Term: 3 Year Min. Deposit:  $2,500
APY: 3.00% Term: 3 Year Min. Deposit:  $0
Member FDIC.
APY: 5.15% Term: 3 Year Min. Deposit: 
APY: 4.30% Term: 3 Year Min. Deposit:  $500
Member FDIC.
APY: 0.05% Term: 3 Year Min. Deposit:  $250.00
APY: 2.85% Term: 3 Year Min. Deposit: 
Member FDIC.
APY: 4.15% Term: 3 Year Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.75% Term: 3 Year Min. Deposit:  $1,000
APY: 4.10% Term: 3 Year Min. Deposit:  $1,000
APY: 4.25% Term: 3 Year Min. Deposit:  $500
Member FDIC.
APY: 0.10% Term: 3 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 5.15% Term: 3 Year Min. Deposit:  $1,000
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.35% Term: 3 Year Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 3 Year Min. Deposit:  $1,000
APY: 4.15% Term: 3 Year Min. Deposit:  $0
APY: 4.00% Term: 3 Year Min. Deposit:  $2,500
Member FDIC.
APY: 4.25% Term: 3 Year Min. Deposit:  $1,500
Member FDIC.
APY: 5.15% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: up to 1.75% Term: 37 Months Min. Deposit:  $1
Member FDIC.
APY: 4.75% Term: 45 Months Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 4 Year Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 4 Year Min. Deposit:  $500
Member FDIC.
APY: 0.15% Term: 4 Year Min. Deposit:  $1,000
APY: 4.20% Term: 4 Year Min. Deposit:  $500
APY: 4.05% Term: 4 Year Min. Deposit:  $0
Member FDIC.
APY: 4.90% Term: 4 Year Min. Deposit: 
APY: 4.05% Term: 4 Year Min. Deposit:  $1,000
APY: 3.75% Term: 4 Year Min. Deposit:  $2,500
APY: 2.50% Term: 4 Year Min. Deposit: 
Member FDIC.
APY: 3.95% Term: 4 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.90% Term: 4 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.15% Term: 4 Year Min. Deposit:  $1,500
APY: 4.00% Term: 4 Year Min. Deposit:  $0
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.20% Term: 4 Year Min. Deposit:  $1,000
Vanguard Brokered CD
Member FDIC.
APY: 4.30% Term: 4 Year Min. Deposit:  $1,000
APY: 3.50% Term: 4 Year Min. Deposit:  $0
Salem Five Bank CD
Member FDIC.
APY: 2.25% Term: 4 Year Min. Deposit:  $10,000
Fidelity CD
Member FDIC.
APY: 4.90% Term: 4 Year Min. Deposit:  $1,000
APY: 3.00% Term: 4 Year Min. Deposit:  $0
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 4 Year Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.54% Term: 4 Year Min. Deposit:  $1,000
APY: 1.61% Term: 4 Year Min. Deposit: 
APY: 3.40% Term: 4 Year Min. Deposit:  $5,000
All America Bank CD
Member FDIC.
APY: 3.49% Term: 4 Year Min. Deposit: 
Member FDIC.
APY: 2.00% Term: 4 Year Min. Deposit:  $500
APY: 4.00% Term: 4 Year Min. Deposit:  $500
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 4.60% Term: 49 Months Min. Deposit:  $10,000
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 52 Months Min. Deposit:  Up to $10,000
Member FDIC.
APY: 4.75% Term: 59 Months Min. Deposit:  $1,000
APY: 4.00% Term: 5 Year Min. Deposit:  $0
Member FDIC.
APY: 0.25% Term: 5 Year Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.15% Term: 5 Year Min. Deposit:  $1,500
Member FDIC.
APY: 4.80% Term: 5 Year Min. Deposit:  $1,000
APY: 3.75% Term: 5 Year Min. Deposit:  $0
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.59% Term: 5 Year Min. Deposit:  $1,000
APY: 4.00% Term: 5 Year Min. Deposit:  $500
APY: 3.25% Term: 5 Year Min. Deposit: 
Member FDIC.
APY: 2.00% Term: 5 Year Min. Deposit:  $500
APY: 3.00% Term: 5 Year Min. Deposit:  $0
Member FDIC.
APY: 4.00% Term: 5 Year Min. Deposit:  $2,500
APY: 1.50% Term: 5 Year Min. Deposit:  $500
First National Bank Standard CD
Member FDIC.
APY: 1.50% Term: 5 Year Min. Deposit:  $500
Member FDIC.
APY: 4.80% Term: 5 Year Min. Deposit: 
Vanguard Brokered CD
Member FDIC.
APY: 5.15% Term: 5 Year Min. Deposit:  $1,000
APY: 4.00% Term: 5 Year Min. Deposit:  $0
Member FDIC.
APY: 3.90% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.30% Term: 5 Year Min. Deposit:  $500
Member FDIC.
APY: 0.05% Term: 5 Year Min. Deposit:  $250.00
Salem Five Bank CD
Member FDIC.
APY: 2.25% Term: 5 Year Min. Deposit:  $10,000
APY: 4.10% Term: 5 Year Min. Deposit:  $500
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.10% Term: 5 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 4.85% Term: 5 Year Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 5 Year Min. Deposit:  $1,000
APY: 3.90% Term: 5 Year Min. Deposit:  $0
APY: 3.95% Term: 5 Year Min. Deposit:  $1,000
All America Bank CD
Member FDIC.
APY: 3.49% Term: 5 Year Min. Deposit: 
First Tech CD
APY: up to 3.55% Term: 5 Year Min. Deposit:  $500
APY: 3.45% Term: 5 Year Min. Deposit:  $5,000
APY: 4.00% Term: 5 Year Min. Deposit:  $2,500
APY: 3.75% Term: 5 Year Min. Deposit:  $2,500
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 61 Months Min. Deposit:  Up to $10,000
Member FDIC.
APY: up to 2.00% Term: 61 Months Min. Deposit:  $1
APY: 4.00% Term: 6 Year Min. Deposit:  $500
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 6 Year Min. Deposit:  $1,000
APY: 1.50% Term: 6 Year Min. Deposit:  $500
APY: 3.75% Term: 7 Year Min. Deposit:  $2,500
APY: 3.75% Term: 10 Year Min. Deposit:  $2,500

Marcus Bank checking accounts review

Marcus Bank currently doesn't offer any checking accounts, so it's not ideal for those who hope to manage all their money in one place. Fortunately, Marcus Bank has one of the few savings accounts that promises same-day fund transfers to other banks. With this feature, you can move money from your savings account to a checking account at another bank almost instantly.

Checking account comparison

We recommend comparing checking account options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of standout accounts.

Show Best Offers Available in

Account APY Promotion Next Steps
0%
Min. to earn: N/A
Earn 1% cash back on up to $3,000 in debit card purchases each month (see details when you click 'Open Account')
0.40% (up to 3.30%)
Rate info Circle with letter I in it. To earn the full APY, account holders must do all of the following: Receive monthly direct deposits totaling more than $1,500; make 10 transactions a month with your Axos debit card, or sign up for Axos's Personal Finance Manager; maintain an average daily balance of $2,500 per month in an Axos Invest Self Directed Trading Account; and use your Rewards Checking account to make your full monthly Axos Bank consumer mortgage, personal, or auto loan payment.
Min. to earn: Monthly direct deposits totaling at least $1,500
Use promo code AXOS300 and apply by June 30th, to earn up to a $300 bonus!
0.50%
Rate info Circle with letter I in it. You can earn the maximum savings APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
Cash bonus up to $300 with direct deposit set up (see details when you click 'Open Account')

Marcus Bank's customer service and experience

Marcus Bank maintains an A+ rating with the Better Business Bureau and ranked second in overall satisfaction among savings providers in J.D. Power's 2023 U.S. Direct Banking Satisfaction Study℠. 

It offers live, U.S.-based customer support seven days per week. If you have any questions or concerns about your account, you won't have to wait too long to get your answers.

Marcus Bank's relationship benefits

Marcus Bank doesn't offer relationship benefits, like higher APYs or reduced fees, to customers who open multiple accounts with the bank. Brick-and-mortar banks often offer these types of benefits. However, online banks usually offer high APYs to all customers. Relationship benefits don't make as much sense for online banks, and most don't offer them.

What does that mean for you? With Marcus Bank, what you see is what you get. You don't need to open multiple accounts to get the best rates, which is great if you're only interested in one type of account.

Alternatives to Marcus Bank

If Marcus Bank doesn't seem like the right choice for you, here are some other banks to consider.

Ally Bank

Ally Bank is one of the best-known online banks. This is partly because it has one of the widest selections of products. It offers a high-yield savings account, traditional and no-penalty CDs, and the less-common Raise Your Rate CDs. You can also open an interest-bearing checking account and a money market account. Its rates are pretty comparable to Marcus Bank's. In addition, there are no monthly maintenance fees or minimum balance requirements.

Capital One Bank

Capital One Bank is a great alternative for those who want the high APYs of online banks but aren't ready to sever ties with brick-and-mortar banks completely. Capital One credit cards, checking, savings, CD accounts, and loans are fairly well known. It is possible to bank entirely online with Capital One, but it also has some branch locations in select states for those who would like to get assistance in person.

Is Marcus Bank right for you?

Marcus Bank is a good fit for you if:

  • You have some savings and would like to earn a competitive APY.
  • You want to be able to transfer money between banks quickly.
  • You're comfortable doing all of your banking online.

FAQs

  • Marcus Bank is good for savers who want a good APY on their savings accounts and CDs and don't need a checking account. It's also good for those who like the idea of same-day transfers, no fees, and no minimum deposits. 

  • No, Marcus Bank does not have a checking account. Despite beta rollouts and testing of a potential checking account in early 2022, the bank has not released one to its clients, nor does it have plans to do so in the immediate future.

Our Banking Experts