Marcus by Goldman Sachs is a brand of the Goldman Sachs Bank USA. It offers no-fee and fixed-rate loans, and high-yield savings accounts, as well as credit and debit tools. In this review, we focused on Certificates of Deposits or CD (term deposits with a fixed interest rate over a set period of time) and shared the rates available for different term lengths.
Quiz: Is Kabbage or OnDeck Right for Your Business?
Summary of Marcus by Goldman Sachs User Reviews
As of the date this article was written (08/07/18), there are no recent user reviews of Marcus by Goldman Sachs online. If you are a past or current Marcus by Goldman Sachs customer, leave a review to help other small business owners who are deciding whether or not to use the company.
Marcus by Goldman Sachs Pricing
The minimum deposit to open a CD account and earn the lock-in Annual Percentage Yield (APY) is $500. APY rates range from .60% to 3.10%, depending on the term length and initial deposit. Available terms are from six months to six years, and the company will give you 30 days to fully fund your account.
Find out how much interest you could earn through the online calculator on their website. Simply input your initial deposit and intended term length.
Marcus by Goldman Sachs Features
Check out the list below of some of Marcus by Goldman Sachs’ features.
- Guaranteed Return (Lock-In Rate)
- Various Term Duration (from six months to six years)
- Competitive Rates
Helpful Lenders Resources
Private Money Lenders: The Ultimate Guide to Private Money Loans — Private money lenders are non-institutional lenders that issue short-term loans for the purchase of, and sometimes the renovation, of an investment property. Check this article and learn more about it.
Best SBA Lenders: Top 100 SBA Lenders — In this article, we’ll show you the top 100 SBA lenders based on SBA data, as well as review three of the best SBA lenders for small businesses.
8 Best Business Savings Accounts for 2019 — There are important factors to consider when choosing a business savings account, which include the provider’s network, fees, and general terms. We reviewed the best small business savings accounts and compared the 5 best banks in this guide.
Marcus by Goldman Sachs FAQ
How can I fund my CD Account?
You can add money to your CD account by transferring funds between your Marcus savings accounts and a linked external bank account. You can also send a domestic wire transfer from another bank. Contact support (toll-free at 1-855-730-SAVE) to get Goldman Sachs Bank USA’s routing transit number.
What happens when my CD matures?
The company will send you a Maturity Notice before your CD’s maturity date. There is a 10-day grace period, during which you may withdraw without penalty or renew your CD with the same term. You may also close your CD and open a new one with a different term. The grace period begins on the day after the CD’s maturity date and runs for ten days (maturity date + 10 days). To make changes or close your CD, you need to contact support during the 10-day grace period.
If you fail to contact support by the end of the 10-day grace period, your CD will automatically renew for another term.
Marcus by Goldman Sachs Overview Video
This video provides an overview on the benefits of opening CDs and online savings account with Marcus by Goldman Sachs.