Goldman Sachs Bank

Deposit Rates APY Vs.Others
Savings 4.40% 5.50% →
1-Year CD 5.15% 5.38% →
2-Year CD 4.20% 4.95% →
3-Year CD 4.15% 5.00% →
4-Year CD 4.05% 4.55% →
5-Year CD 4.00% 4.55% →

2024 Overview

General Online Bank Information

Money that you deposit is held by Goldman Sachs Bank USA. Goldman Sachs Bank USA is an FDIC insured institution founded in 1990. It has approximately $549.19 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Goldman Sachs Bank USA
FDIC Certificate # 33124
Date Established 1990
Assets $549.19 billion
Loans $168.17 billion
Deposits $380.1 billion
Capital $57.26 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 - July 24, 2024

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Online Savings Account
4.40% $1 1,000,000 Learn More
Online CD Rates
Online CD Rates APY MIN MAX
6 Month CD
4.80% $500 $1,000,000 Learn More
7 Month No Penalty CD
4.70% $500 $1,000,000 Learn More
9 Month CD
5.00% $500 $1,000,000 Learn More
12 Month CD
5.15% $500 $1,000,000 Learn More
13-Month No Penalty CD
4.70% $0 - Learn More
18-Month CD
4.70% $500 $1,000,000 Learn More
20 Month Rate Bump CD
4.40% $500 $1,000,000 Learn More
24 Month CD
4.20% $500 $1,000,000 Learn More
36 Month CD
4.15% $500 $1,000,000 Learn More
48 Month CD
4.05% $500 $1,000,000 Learn More
60 Month CD
4.00% $500 $1,000,000 Learn More

Bank 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.

Online Savings Rate at Marcus Lowered to 0.50% APY
Nov 17, 2020

Marcus has lowered its online savings rate.

Marcus Raises Online Savings Rate to 0.60% APY, and Also Raises Its CD Rates
Apr 22, 2022

Marcus became more competitive overnight, raising their savings rate by 10 bps.   It also raised its no penalty CD to 0.75 APY.  The CDs are especially attractive versus its major competitors with its 5-year online CD at 2.15% APY and its 2 and 3 year CDs at 1.60 APY.  We however urge caution around the CDs, except the No Penalty ones that can be broken without penalty after 2 weeks.  Online rates are heading much higher soon and you can already purchase US Treasury of the same duration with higher yields.

Marcus Raises Online Savings Rate to 0.85% APY and Its No Penalty CD rate to 0.90% APY
Jun 1, 2022

Marcus has raised its savings and no penalty CD rates.

Marcus by Goldman Sachs Lowers 1-Year CD Rate
Jan 18, 2024

Marcus has lowered its 1-year CD rate from 5.50% APY to 5.35% APY.

Marcus by Goldman Sachs Lowers Savings and Most CD Rates By A Bit
Apr 3, 2024

Marcus by Goldman Sachs is hoping you won't mind getting a lower savings rate, even while interest rates are rising.  They lowered their online savings rate by 10 basis points today to 4.40%.  Their 6-month, 9-month, 12-month and 18-month offers offerings are also 10 basis points lower, while their 24-month has fallen by 20 basis points.

Climate Policy and Initiatives

Parent Bank Initiatives:

Climate Mitigation: We will expand our clean energy target to $150 billion in financings and investments by 2025 to facilitate the transition to a low-carbon economy. To increase access to climate solutions, we will launch a Clean Energy Access Initiative that will target the deployment of clean energy solutions, such as distributed solar and clean cookstoves, to underserved markets. 


Updated March 31, 2024

Goldman Sachs Bank Climate Score: B

Goldman Sachs Bank Climate Score Info: Goldman Sachs continues to be a major financier to the oil and gas industry but has taken a leading role in financing major renewable energy projects.

Customer Reviews for Goldman Sachs Bank (52)

  • February 15, 2024 |

    Online Savings Rates

    best bank on the list but no longer the most competitive

  • August 6, 2022 |

    Online CDs 24 Month Rates

    The idea that they aren't competing is wrong. They'll give you 1% more on your savings if you run around promoting their brand and get a friend to sign up. Great marketing scheme actually, since those so inclined will be blasting a code through social media and hyping the brand for which they will receive a max of about $750 in compensation. And, those not able to get the extra 1% will try anyway over Labor Day and still help them build brand equity.

  • July 1, 2022 |

    Online Savings Rates

    completely crazy that they aren't competing. tumin over at DA pointed out that the last time that fed funds was 1.50 to 1.75, Marcus was at 1.50%.. now they are at 1% and will give you an extra 5 bps if you play around with their np cd. time to move out of this one and say so long.

  • June 24, 2022 |

    Online CDs 60 Month Rates

    No longer competing on service or rate. Bye.

  • April 26, 2022 |

    Online Savings Rates

    Goldman Sachs or Marcus is a dependable brand that always stays competitive and focuses on the user experience. This is more than I can say for the others on this list. Plus, look for their No Penalty CD option as a nice way to make a little more on your cash while surrendering liquidity for only 10 days.

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