Offer value details
Marcus lists an Online Savings Account at 3.40% APY, with no fees and no minimum deposit.
Qualification requirements
The public product page says there is no minimum deposit. Users fund by linking an external account, setting up direct deposit, mailing a check, or sending a wire.
Fees and costs
Marcus says it does not charge fees for transfers to or from the Online Savings Account, though the external financial institution may charge a fee.
Availability
Deposit products are provided by Goldman Sachs Bank USA, Salt Lake City Branch, Member FDIC. The deposit agreement says eligible natural persons must be at least 18, have an SSN or ITIN, and have a valid street address in the U.S., specified U.S. territories, or an eligible U.S. military or embassy jurisdiction; accounts are for personal, family, or household use.
What to verify
- APY is variable and can change before or after account opening.
- Each Online Savings Account is limited to $1,000,000, and each owner is limited to $3,000,000 in aggregate across Marcus deposit accounts.
- External banks may charge transfer fees even if Marcus does not.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.