What is Marcus by Goldman Sachs?

In 2016, Goldman Sachs launched its consumer banking division, Marcus by Goldman Sachs, to branch beyond the investment banking industry and help Americans manage their finances. Marcus is headquartered in Draper, Utah, and offers no-fee high-yield savings accounts, certificates of deposits and fixed-rate personal loans.

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.

How do I deposit a check at Marcus by Goldman Sachs?

If you want to deposit a check, you'll need to either mail it or deposit it into an external account first. ATM card access: While electronic transfers to and from the Marcus by Goldman Sachs Online Savings Account are free, there's currently no ATM card available for quick-and-easy access to your money.

How much does a Goldman Sachs CD cost?

Marcus by Goldman Sachs High-Yield Certificates of Deposit. This type of Marcus CD is available for a minimum deposit of $500 and offers a fixed rate of interest depending on the term you choose. CD terms range from six months to six years.