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Marcus by Goldman Sachs is an online savings account with no minimum deposit, no account fee, and has among the top current interest rates in the country. The rate today is 2.25% APY.
Account setup is easy as these things go. I opened an account a few months ago where there wasn’t a bonus. I’ll tell you why I did that in a moment.
To earn the bonus, you must transfer $10,000 in new funds into the account within 10 days, and leave it there for 90 days.
If you have $10,000 sitting in a savings account earning lower rates, considering moving it over to Marcus.
(Disclaimer: there are no affiliate links in the this post, I will not be compensated for you opening a Marcus account.)
I Have a Marcus Account, But Not for Savings
I have $100 parked in a Marcus account. Why?
The key for me is the ‘by Goldman Sachs’ part:
- Goldman Sachs and Apple are expected to launch a new credit card this year. I want to be on their customer list in case there are targeted offers. I am not an Apple user, and will not become one, so we’ll see how this card takes shape.
- Goldman Sachs may start issuing other kinds of credit cards, too. Again, I want to be targeted if they do.
- A faint hope for a backdoor to the elusive The Platinum Card from American Express for Goldman Sachs.