Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

Full Bio →

Written by

Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

Full Bio →

Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Aug 3, 2021

Advertiser Disclosure

Advertiser Disclosure: We strive to help you make confident loan decisions. Comparison shopping should be easy. We are not affiliated with any one loan provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about loans. Our goal is to be an objective, third-party resource for everything loan related. We update our site regularly, and all content is reviewed by experts.

Company Details
Address: 11850 South Election Road
City: Draper
State: Utah
ZIP Code: 84020
Phone Number: 1 (855) 730-7283
Website: https://www.marcus.com
Year Founded: 2016
AM Best Rating:
Company Rating 0 (0 reviews)

We look behind the Marcus by Goldman Sachs reviews to uncover if the platform is a worthy personal financing option for you.

Marcus offers online consumer banking by Goldman Sachs, one of Wall Street’s best-known names in investment banking. There are no physical locations and no ATM network.

What kind of personal loan is best for your situation? Options vary for many different situations, such as secured, bad credit, or family loans.

Before you shop with Marcus by Goldman Sachs, find affordable personal loan rates near you first? Start by entering your ZIP code into our free comparison tool today.

Features of Marcus by Goldman Sachs

The features offered by Marcus Bank include:

  • Competitive rates on all accounts
  • No minimum deposit requirements on savings
  • Low minimum deposit ($500) on CDs
  • No monthly fees, no hidden fees
  • Award-winning personal loans
  • Mobile and online access 24/7
  • FDIC insured

Unlike other online financiers, Marcus Bank doesn’t offer many financial products. There are no checking accounts, IRAs, auto loans, or credit cards. There are also no mobile check deposit capabilities.

Let’s take a closer look at the products offered by Marcus Bank.

Apply for a Loan

Enter your ZIP code below to view lenders with cheap loan rates.

 Secured with SHA-256 Encryption

No Fee Personal Loan with Marcus by Goldman Sachs

Marcus by Goldman Sachs offers unsecured personal loans from $3,500 to $40,000 with APRs ranging from 6.99% to 19.99% and terms ranging from 36 to 72 months.

Applicants need a credit rating of at least 660 FICO or 600 VantageScore, an open bank account, 18 or more years old, and have a Social Security Number or Individual Tax Identification Number.

Marcus does not let you co-sign a personal loan, so if you don’t meet these qualifications, then you won’t receive a personal loan.

High-Yield Online Savings Account with Marcus by Goldman Sachs

Marcus Bank charges no fees to open a Marcus savings account. There are no ongoing account maintenance fees, service fees, or transaction fees for transferring money to or from your Marcus account.

There isn’t even a minimum deposit or minimum balance.

However, Marcus by Goldman Sachs does have a maximum limit of $1 million per account and $3 million per account owner.

This is a great place to earn 0.50% APY over the competitions’ average earnings of 0.03% APY (as of May 2021) for any savings goals.

High-Yield Certificate of Deposit with Marcus by Goldman Sachs

With a minimum deposit of $500 and a fixed rate of return between 0.15% to 0.60% depending on how long of a term you choose. Terms for a certificate of deposits (CDs) range from six months to six years.

Marcus Bank offers a special 10-Day CD Rate Guarantee to boost consumer’s confidence when locking in on a CD when rates may go up right after their money is committed.

Like most CDs, there is an early withdrawal fee if money is pulled out of the CD before the term is up. Exact amounts vary depending on the term of the CD.

Apply for a Loan

Enter your ZIP code below to view lenders with cheap loan rates.

 Secured with SHA-256 Encryption

No-Penalty Certificate of Deposit with Marcus by Goldman Sachs

This option avoids early withdrawal fees while still earning 0.25% to 0.45% APY with terms ranging from seven, 11, and 13 months. Minimum deposits still require $500.

Money can be withdrawn after seven days after funding, without any penalties, and you keep any interest earned.

While Marcus by Goldman Sachs may not offer as much as other banks, what they do provide ranks number one with J.D. Power and they hold an A+ ranking with the Better Business Bureau.

Before applying for a loan, make sure it’s the best idea for you. Ask questions like, “how large of a loan can I get based off of my monthly income?” “Will my credit score effect my eligibility to get a loan?” “Can I make monthly payments on a loan?” and “What’s the minimum payment on my loan?”

Remember to save money for your extra payments as well. Such as your rent, student loan payments, and property taxes. You might also have other monthly expenses, such as homeowners insurance and other personal loan payments.

Make sure you work with a mortgage lender that is understanding of you and your needs. Make sure they answer your questions and are will to help.

Enter your zip code to find the best lenders in your area—it’s free!

If you liked what you saw with Marcus by Goldman Sachs personal loan rates then you’ll definitely want to check out your options. Start by entering your ZIP code into our free comparison tool today.