Is Marcus a good bank?

Marcus is headquartered in Draper, Utah, and offers no-fee high-yield savings accounts, certificates of deposits and fixed-rate personal loans. Since Marcus is an online bank, it doesn’t have ATMs or branch networks. This Marcus by Goldman Sachs review primarily focuses on the bank’s personal banking products and services.

Is Marcus by Goldman Sachs a bank?

Although they are an internet-only bank, funds can also be deposited via mailed checks.. Marcus by Goldman Sachs - Goldman Sachs Bank USA was established in 1990 as The Goldman Sachs Trust Company. The bank is owned by the Goldman Sachs Group, Inc., a multinational firm founded in 1869 and headquartered in New York, NY.

Does Marcus bank charge APY?

Marcus’ high-yield savings account offers a competitive APY, requires no minimum deposit to open and charges no monthly fees. Marcus doesn’t charge wire transfer fees, but the bank has an external transfer limit of $125,000 for online and automated clearing house transfers. Wire transfers have a $50,000 per statement cycle limit.

Does Macrus Bank have a better interest rate than other banks?

The website and app looks nice, but one would think with their name, it would over a better Interest Rate and APY than it does compared to other banks. For instance, Newtek Bank, Primis Bank and even Lending Club offers a much better interest rate than Macrus by Goldman Sachs does.