Marcus by Goldman Sachs
Savings Review
Goldman Sachs’ consumer savings brand operates in both the UK and US, offering high-yield savings accounts and a full range of CDs with no monthly fees. Ranked #1 in JD Power customer satisfaction 2026. One of the most trusted savings platforms in both markets.
*14-month CD limited offer, expires 7/28/26. Affiliate links — we may earn a commission.
Marcus by Goldman Sachs is the consumer savings brand of Goldman Sachs, one of the most powerful investment banks in the world. Launched in the US in 2016 and in the UK in 2018, Marcus was built on a simple insight: savers were being poorly served by high-street banks charging unnecessary fees while paying negligible interest rates. Marcus offers the opposite — no fees, no gimmicks, and consistently competitive rates across both markets.
In 2026, Marcus is rated #1 in customer satisfaction for high-yield savings accounts from online-only banks by JD Power, and won NerdWallet’s annual award for best bank for certificates of deposit. It operates as a savings-only institution — no current accounts, no mortgages, no credit cards, no branches — which keeps it focused and consistently competitive where it matters. Around one million UK customers and millions more in the US use Marcus as their primary savings platform.
The two platforms — Marcus UK and Marcus US — are separate and serve different markets. UK savers go to marcus.co.uk; US savers to marcus.com. Products, rates, currencies, and protection schemes differ between the two. This review covers both in full.
Instant access. No fees. No minimum balance. Includes a 0.49% gross bonus for the first 12 months; underlying rate ~3.26% after. Withdraw anytime to your linked UK current account.
Instant access. Includes 0.74% tax-free bonus for the first 12 months; underlying rate 3.27% after. Up to £20,000 per tax year. No ISA transfers in. Interest paid monthly.
| UK Account | Rate | Access | Notes |
|---|---|---|---|
| Online Savings Account | 3.75% AER | Instant | Variable. 0.49% bonus (12 months). Max £250,000. Add money within 14 days of opening. |
| Cash ISA | 4.01% AER | Instant | Variable. 0.74% tax-free bonus (12 months). No ISA transfers in. £20,000/yr limit. Not a flexible ISA. |
| 1-Year Fixed Rate Saver | 3.80% AER | Fixed 12 months | Rate fixed from 5 March 2026. No withdrawals. Early exit: forfeit 90 days’ interest. Max £250,000. |
Marcus UK is web-only. There is no iOS or Android app for UK customers. The website is mobile-responsive but you cannot download a native app. Customer support is available by phone (0800 085 6789). FSCS protection applies up to £120,000 per person — higher than the standard £85,000 — through Goldman Sachs International Bank’s separate FCA authorisation. Note: Marcus UK does not accept ISA transfers in from other providers.
The 3.75% AER easy-access rate includes a 0.49% bonus fixed for the first 12 months. After that, the rate drops to approximately 3.26% AER — still reasonable, but no longer the rate you signed up for. Marcus will notify you before the bonus expires. At that point the question is simple: is 3.26% still competitive against the current market? Treat month 12 as a decision point rather than a reason to stay by default. The same applies to the Cash ISA: the 4.01% AER includes a 0.74% bonus that expires after 12 months, reverting to 3.27% AER.
No minimum deposit. No monthly fees. FDIC insured via Goldman Sachs Bank USA, Salt Lake City Branch. 8x the national average savings rate. Same-day transfers up to $100,000 to linked external accounts. 24/7 phone support. iOS and Android app available.
The US savings account earns interest daily and is accessible via the Marcus app or online. Unlike the UK platform, US customers have a fully-featured mobile app with balance tracking, transfer scheduling, and interest monitoring. There is a 1% APY rate boost referral programme — refer a friend and both parties earn a 1% APY bonus for 3 months on their savings accounts.
Marcus US has a full mobile app (iOS and Android, both highly rated). Marcus UK is web-only with no app. If you are a UK customer hoping for app-based savings management, Marcus is not yet the right choice — consider Chase UK or Revolut Savings instead.
At 3.40% APY, Marcus US’s savings account is above the national average but trails Ally Bank (4.50% APY) by over 100 basis points. For pure savings rate, Ally wins. Marcus US’s real strength is its CD range — 13 terms, No-Penalty CDs, Rate Bump CDs, and the 10-Day Rate Guarantee are features Ally doesn’t match. If you are opening Marcus US primarily for the HYSA, check whether Ally’s current rate makes more sense first. If you want CDs, Marcus is the better platform.
Marcus has one of the strongest CD lineups available from any online-only bank in the US. Three types of CD are available — High-Yield CDs, No-Penalty CDs, and Rate Bump CDs — across 13 different term lengths from 6 months to 6 years. All require a $500 minimum deposit and are FDIC insured.
High-Yield CDs offer fixed rates with early withdrawal penalties (90-270 days’ interest depending on term). You can add to your balance within 30 days of opening, giving you a window to maximise the deposit if funds arrive gradually. At maturity, there is a 10-day grace period to withdraw or change terms before automatic renewal.
No-Penalty CDs offer the same fixed rate but allow full balance withdrawal at any time after the first 7 days with no penalty — the rare combination of a guaranteed rate and full flexibility. Partial withdrawals are not permitted; you must withdraw the full balance.
Rate Bump CDs (20-month term) let you request one rate increase during the term if Marcus raises rates on that product after you open your account. If rates fall after you open, your rate stays fixed. If rates rise, you can capture the increase. No change fee, no penalty for bumping.
Higher than the standard £85,000. Authorised by the FCA and PRA. Applies to all eligible deposits across Marcus UK accounts held with Goldman Sachs International Bank.
Standard FDIC coverage. Backed by the full faith and credit of the US Government. Goldman Sachs Bank USA, Salt Lake City Branch. Applies to all savings accounts and CDs.
UK savers: If you want a mobile app, Marcus UK has none — Chase UK and Revolut both do. If you want to consolidate existing ISAs, Marcus does not accept transfers. If you want the best UK fixed rate, Atom Bank’s 4.55% 1-year fixed beats Marcus’s 3.80%. If you want cashback or travel perks, Marcus offers neither.
US savers: If your priority is the highest HYSA rate, Ally Bank currently pays significantly more. Marcus is not a full-service bank — no checking account, no debit card, no ATM access. If you need banking alongside savings, Ally is more complete. Marcus US earns its place on the strength of its CDs, not its HYSA.
- UK savers wanting a trusted easy-access account
- UK savers wanting the highest Cash ISA rate (4.01% AER)
- US savers building a CD ladder
- US savers wanting the No-Penalty CD flexibility
- Savers who value Goldman Sachs brand and institutional backing
- Those who want no fees and no minimum on the savings account
- UK savers who need a mobile app
- UK ISA consolidators (no transfers in)
- Anyone wanting a current account or debit card
- UK savers wanting the absolute highest fixed rate (Atom Bank pays more)
- Non-UK, non-US residents (not available elsewhere)