Get Affidavit Of Identity - Marcus By Goldman Sachs

Yes, Marcus by Goldman Sachs is a legitimate high-yield online savings account and no-fee personal loan provider. It offers competitive interest rates and no fees on sign-ups, prepayments or late payments.

Cons Explained No checking accounts: As Marcus does not offer any checking accounts, you will not be able to handle all of your banking needs with it. The lack of checking accounts also means you will need to connect your Marcus account to another institution for many banking options, such as deposits and withdrawals.

Backed by the financial expertise of Goldman Sachs. No Fees. No Minimum Deposit. Same-day transfers of $100,000 or less to/from other banks.

Do Banks Offer 7% Interest On Savings Accounts? 7% interest isn't something banks offer in the US, but one credit union, Landmark CU, pays 7.50% interest, though there are major requirements and stipulations.

Marcus uses multi-factor authentication to help us authenticate you. It's an additional layer of security to help protect your account from unauthorized access.

In response to the escalating losses in consumer banking, management recently announced it would not originate any more Marcus personal loans, and would likely let the existing loans roll off its books. As of the third quarter of 2022, Goldman held $5.2 billion in personal loans on its balance sheet.

Who May Open and Maintain an Account: Anyone who is a citizen or a legal permanent resident of the United States of America (“U.S.”), is at least 18 years old, has a Social Security Number or Individual Taxpayer Identification Number and has a physical U.S. street address can apply to open an Account.

No minimum balance requirement: Marcus by Goldman Sachs Online Savings Account doesn't have a minimum balance or minimum opening deposit requirement in order to earn the stated interest rate. You can open an account and fund it at any time within the first 60 days.