Goldman Sachs Bank USA

Headquarters

200 West Street
New York, NY 10282
See all branch locations →

Phone 212 902 1000

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Goldman Sachs Bank USA is an FDIC insured institution located in New York, NY. It was founded in 1990 and has approximately $254.67 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 33124
Date Established 1990
Assets $ 254.67 billion
Loans $ 103.46 billion
Deposits $ 180.22 billion
Capital $ 29.56 billion
 

For a more detailed analysis of Goldman Sachs Bank USA's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 27, 2020

Your Current Location: Virginia, VA 20146

Online Only Savings Rates of Goldman

Online Savings Rates APY MIN MAX
Online Savings Account
0.60% $1 - Learn More

Online Only CD Rates of Goldman

Online CD Rates APY MIN MAX
6 Month CD
0.45% $500 - Learn More
7 Month No Penalty CD
0.55% $500 - Learn More
9 Month CD
0.55% $500 - Learn More
18-Month CD
0.65% $500 - Learn More
24 Month CD
0.65% $500 - Learn More
36 Month CD
0.65% $500 - Learn More
48 Month CD
0.65% $500 - Learn More
60 Month CD
0.70% $500 - Learn More

Bank Online Offers

Marcus Raises All CD Rates
Sep 4, 2018

Marcus, the online bank owned by Goldman Sachs, has raised all of its online CD rates this morning.   While all rates have been raised, their one-year rate is now at 2.55% which is one of the highest online one-year CDs available.

Editor’s Note: Marcus is an advertiser on BestCashCow. Please read our Advertiser Disclosure here.


Marcus Raises Online Savings Rate to 2.05%
Oct 26, 2018

Marcus has raised its online savings rate to 2.05%.   The rate is available online and has a $1 minimum.

 

 


Marcus Raises No Penalty CD Rate to 2.25% APY
Dec 11, 2018

Marcus has raised its 13-Month No Penalty CD rate to 2.25% APY.   Since the rate is 20 basis points above Marcus's online savings rate and the account may be closed at any point after one week without penalty, this product offers an easy way to boost your savings rate.


Marcus Raises No Penalty CD Rate to 2.35% APY and Online Savings Rate to 2.25%
Jan 4, 2019

Today, Marcus raised its 13-month No Penalty CD rate by 10 bps to 2.35% and its online savings rate by 20 bps to 2.25%.


Marcus Lowers Some CD rates
Jun 7, 2019

Marcus has lowered its 1-year CD rate from 2.70% to 2.60%.   See the best online one-year CD rates here and see online-year CD rates near you here.

Marcus has lowered its 5-year CD rate from 3.00 to 2.90%.   See the best online five-year CD rates here and the see rates at banks near you here.


Marcus Lowers Its Online Savings Rate to 2.15%
Jun 27, 2019

The Goldman Sachs subsidiary became the first major online bank to lower its online savings rate.   The move is in anticipation of a Fed Funds rate cut at the end of July.


Marcus Takes Hammer to 13-Month No Penalty CD, Adds Other Terms
Aug 11, 2019

The rate on Marcus's 13 Month No Penalty CD product, which BestCashCow had strongly recommended since its launch late in 2018 at 2.35%, has fallen to 2.15% APY.   Marcus has also added a 7-month No Penalty product at 2.25% and a 11-month No Penalty product at 2.20%.   We don't find these products as compelling.   See all online special term CDs here.


Marcus Cuts Online Savings Rate to 2.00%
Aug 27, 2019

Marcus has cut its online savings rate from 2.15% to 2.00%.   As BestCashCow has advised for some time, depositors here would be well advised to consider moving their deposits to the bank's No Penalty CD products. 


Marcus Cuts All CD Rates by at Least 15 Basis Points, Eliminates Some Products
Sep 13, 2019

Marcus, Goldman Sachs' online bank, has lowered the rate on all of its CD offerings by at least 15 basis points.   Their one-year CD product is now at 2.25%, down from 2.40%.   They have also eliminated all of their No Penalty CDs, except the 7-month one which is now offered at 2.10%.   BestCashCow previously wrote very favorably about the No Penalty CDs, and we still see the 7-Month No Penalty CD as being an attractive alternative to their 2.00% savings online rate. 


Marcus Lowers Savings Rate to 1.70%, Drops All CD Rates
Nov 19, 2019

Marcus has lowered its online savings rate to 1.70% today.   The online division of Goldman Sachs also dropped all of its CD rates by 10 basis points (and all of its no penalty CD rates by 20 basis points).


Marcus Lowers One-Year CD rate
Feb 26, 2020

Marcus has lowered its 12-month CD rate from 2.15% APY to 2.05% APY.


Goldman Sachs Bank, aka Marcus, Ends Attractive CD Rates
Mar 12, 2020

Marcus has lowered all of its attractive CD rates.   Your rate on new CDs from one to four years is now 1.85% APY which is hardly attractive.   The 7 month no penalty CD product remains.   The rate there is 1.70%.   That is more attractive.


Marcus Lowers Its Online Savings Rate to 1.30% from 1.55%
May 8, 2020

Marcus, a division of Goldman Sachs, has lowered its online savings rate to 1.30%.


Marcus Guts Everything
Jun 16, 2020

Marcus has lowered its online savings rate from 1.30% APY to 1.05% APY overnight.

The 7-Month No Penalty CD that BestCashCow had recommended was lowered again to 1.00% APY.

All CDs greater than one year are now 1.10% APY, except the 5-year rate which now stands at 1.15% APY.

Goldman's subsidiary has gone from very competitive to not competitive at all in a very short period.


Marcus Slashes Online Savings Rate to 0.80% APY
Aug 4, 2020

Marcus by Goldman Sachs's new OSA rate is 0.80% APY.


Marcus's Online Savings Rate Is No Longer Competitive
Sep 9, 2020

Marcus has lowered its online savings rate from 0.80% to 0.60% today.



Loan Rates - October 27, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Goldman Sachs Bank USA

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.674% 2.625% 0.63 $1,595 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Goldman Sachs Bank USA
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Goldman Sachs Bank USA branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Goldman Sachs Bank USA Locations


Financial Details

Goldman Sachs Bank USA Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Goldman Sachs Bank USA. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Goldman Sachs Bank USA U.S. Bank Average
2.94% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Goldman Sachs Bank USA had $909,000,000 in non-current loans and $14,000,000 in owned real estate. To cover these potential losses it had $29,555,000,000 in equity and $1,891,000,000 in loans loss reserves. That gives it a Texas Ratio of 2.94%.

Return on Equity
Goldman Sachs Bank USA U.S. Bank Average
3.64% 7.80%

Goldman Sachs Bank USA has a Return on Equity of 3.64% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Goldman Sachs Bank USA U.S. Bank Average
11.61% 12.68%

Goldman Sachs Bank USA has a Capitalization of 11.61% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Goldman Sachs Bank USA Balance Sheet Analysis

As of March 31, 2020, Goldman Sachs Bank USA had assets of $254,668,000,000, loans of $103,456,000,000, and deposits of $180,215,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 37.98 billion
Interest-bearing balances $ 37.23 billion
Total securities $ 7.68 billion
Federal funds sold and reverse repurchase $ 28.35 billion
Net loans and leases $ 103.46 billion
Loan loss allowance $ 1,891.00 million
Trading account assets $ 58.82 billion
Bank premises and fixed assets N.A.
Other real estate owned $ 14.00 million
Goodwill and other intangibles $ 60.00 million
All other assets $ 18.21 billion
     Total Assets $ 225.11 billion
LIABILITIES
Total deposits $ 180.22 billion
      Interest-bearing deposits $ 180.21 billion
      Deposits held in domestic offices $ 180.22 billion
      % insured (estimated) 62.01%
Federal funds purchased and repurchase agreements $ 2.82 billion
Trading liabilities $ 14.02 billion
Other borrowed funds $ 13.14 billion
Subordinated debt $ 4.25 billion
All other liabilities $ 10.67 billion
      Total Liabilities $ 225.11 billion
      Shareholders’ Equity $ 29.56 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1,785.00 million
Total Interest Expense $ 974.00 million
Net interest income $ 811.00 million
Provision for loan and lease losses $ 627.00 million
Total non interest income $ 805.00 million
Total non interest expense $ 644.00 million
Pre-tax Net Operating Income $ 345.00 million

Bank Loan Profile?

The top three loan types in Goldman Sachs Bank USA’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in New York, Goldman Sachs Bank USA has a significantly higher percent of Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 11.16
Multifamily
Mortgages
0.74
Credit Card Loans 2.01
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 2.65
Commercial Real Estate 4.51
Commercial and Industrial Loans 31.44
Farm Loans 0.00

Frequently Asked Questions About Goldman Sachs Bank Usa

Branches and Savings

Is Goldman Sachs Bank Usa FDIC insured?

Yes. It is covered under FDIC Certificate #33124.

Why does Goldman Sachs Bank Usa pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Goldman Sachs Bank Usa CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Goldman Sachs Bank Usa a commercial bank?

Yes

Where are Goldman Sachs Bank Usa locations?

See branch locations nearby.

Is Goldman Sachs Bank Usa open on Saturdays?

Is Goldman Sachs Bank Usa open on Sundays?

What time does Goldman Sachs Bank Usa open?

What time does Goldman Sachs Bank Usa close?

Are Goldman Sachs Bank Usa ATMs Open 24/7?

Do Goldman Sachs Bank Usa ATMs accept cash deposits?

Can Goldman Sachs Bank Usa customers use other ATMs?

Do Goldman Sachs Bank Usa branches have notaries?

Will Goldman Sachs Bank Usa notarize my document?

What address for Goldman Sachs Bank Usa should I put for incoming ACH transfers?

Will the Goldman Sachs Bank Usa branch print checks?

Do Goldman Sachs Bank Usa checks expire?

Does Goldman Sachs Bank Usa require US citizenship to open account?

Can Goldman Sachs Bank Usa close my account?

Does Goldman Sachs Bank Usa Report to credit bureaus?

Does Goldman Sachs Bank Usa Use Equifax?

What is Goldman Sachs Bank Usa's ACH Routing Number?

What is Goldman Sachs Bank Usa's SWIFT code?

Products

Does Goldman Sachs Bank Usa offer mortgages?

Compare mortgage rates here.

Does Goldman Sachs Bank Usa offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Goldman Sachs Bank Usa offer personal loans?

Compare personal loan rates here.

Does Goldman Sachs Bank Usa offer student loans?

Will Goldman Sachs Bank Usa cash a check?

Will Goldman Sachs Bank Usa redeem a savings bond?

Does Goldman Sachs Bank Usa cash savings bonds?

Will Goldman Sachs Bank Usa cash money orders?

Can Goldman Sachs Bank Usa issue a money order?

Does Goldman Sachs Bank Usa do currency exchange?

Background on The Bank

Who owns Goldman Sachs Bank Usa?

How long has Goldman Sachs Bank Usa been around?

Can Goldman Sachs Bank Usa transfer to other banks?

Does Goldman Sachs Bank Usa have quick pay?

Does Goldman Sachs Bank Usa accept rolled coins?

Will Goldman Sachs Bank Usa accept loose change?

Where is Goldman Sachs Bank Usa headquarters?

Customer Reviews for Goldman Sachs Bank USA


  • April 18, 2020 |

    called customer service April 18, 2020, had to wait 40 minutes on hold, talked to a well informed polite person for as long as I wanted. He said CDs are not callable, previously I was told they are. so you figure it out. in this constantly lowering of rates time it may become important. Why should Golman pay consumers just under 2% when the Fed gives them all they want for .025% or less ??

  • January 12, 2020 |

    Had 3 CDs and High Yield Savings. Then bought their 1 yr maturity CD at APY 2.05. 12 days afterwards noted rate increase to 2.15 APY. Cursed by bad timing then got message my rate was increased to 2.15. I am really impressed with their customer service. Excellent web site, competitive rates in high yield savings (1.7 APY) and the best options in choices of CDs. Added bonus is as soon as CD is funded with ACH transfer you get zero lag for interest credit before actual funds in their account. Web site is easy to use and provides options for beneficiaries. Best overall on line in my option. Other accounts at PNC (high yield savings) and Barclays (high yield savings and CDs)

  • October 16, 2017 |

    I have saving, and CD with GS, Discover bank and my local bank. Discover offered a 12 month CD for 1.35%. Went to GS to check them, they were offering 12 mo for 1.5%. Took out 3 CD for grandchildren and 3 days later, they changed rates to 1.65%. They gave it to me automatically. All on line. Their online savings is 1.20 %.

Add Your Review

Rate it here →