Goldman Sachs Banking Review

Company Overview: Goldman Sachs

Goldman Sachs is a diversified financial services company and one of the most recognized names on Wall Street. Goldman Sachs’ is one of the newest entries into online banking, with its Marcus by Goldman Sachs online high yield savings account. As an online-only bank experience, Goldman Sachs can offer better rates because it doesn’t have to support branches.Marcus by Goldman Sachs grew from Goldman Sachs’ acquisition of General Electric’s GE Capital Bank.

Goldman Sachs Overview

Goldman Sachs offers attractive rates and terms compared with other top online bank accounts:

Account Minimum: $0

Monthly Service Fee: $0

Debit Card: Yes

Mobile App: Yes

How Goldman Sachs Compares: Key Benefits Of Goldman Sachs

Here are some of the reasons that investors love Goldman Sachs:

  • Great Rates: Goldman Sachs has among the highest rates for bank accounts in the industry, which means you can watch your money grow.
  • Account Minimum:You can open a Goldman Sachs online savings account with $0.
  • Minimum Balance: You only need a $1 minimum balance with a Marcus by Goldman Sachs high yield savings account.

Bottom Line: Is Goldman Sachs right for you?

Goldman Sachs has a top reputation as an investment bank, and now has ventured into the online bank world with its Marcus by Goldman Sachs high yield savings account.

Goldman Sachs offers among the highest rates for online bank accounts, which means you can watch you money grow faster. With no monthly maintenance fees or minimum balance, Goldman Sachs has built the reputation as one of the premier online high yield savings account. So, if growing your cash balance is your primary objective, then Goldman Sachs may be your best bet.

Goldman Sachs does not have any physical branches, and you don’t get access to any ATMs. There also is no mobile app. You will want another checking or savings account as your primary account to make deposits and write checks, and then you can use Goldman Sachs’ high yield savings account to earn interest on your cash balance. With all online savings accounts, federal law limits electronic transactions to a third party or another account to six per statement cycle.

Next Steps: How To Apply To Goldman Sachs

You can open an Goldman Sachs account online within a few minutes, and the process is simple.


Best Bank Accounts For 2018

Bank
Rates (APY)

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • One of the oldest online banks
  • Mobile app is compatible with Apple, Android and Windows phones
  • Real-time chat support
  • Access to over 43,000 free ATMs
  • No ATM fees at AllPoint ATMs, plus $10 / month reimbursement for other ATMs

Review

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:No
Mobile App:No

Details

  • No transaction fees
  • Easy electronic transfers, wire transfers or deposit by check
  • One of the leading financial services companies

Overview

Account Minimum:$0
Monthly Service Fee:Waived, if balance of at least $30
Debit Card:Yes
Mobile App:Yes

Details

  • Offers remote check deposit
  • Access to more than 2 million ATMs
  • $0 fees for Synchrony Bank ATMs, $5 monthly rebate for other ATMs
  • $0 overdraft fee
  • Hotel discounts and rental car discounts available for balances over $10,000

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • $5 non-sufficient funds fee (much lower than other banks)
  • No maximum monthly deposit
  • No ATM network, but ability to make electronic transfers that link to your bank account

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • Not-for-profit credit union that you can join by meeting membership criteria, or simply making a $10 charitable donation
  • Access to 80,000 ATMs
  • $0 ATM fees for in-network ATMS, plus $20 / month reimbursement for other ATMs
  • 24/7 phone support

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • Extensive ATM network
  • One of the highest yields around
  • Strong customer service

Overview

Account Minimum:$0
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • Includes automatic savings tool
  • Extensive ATM network
  • Access to service cafes in select cities
  • Ability to set and track goals to save you money

Overview

Account Minimum:$100
Monthly Service Fee:$0
Debit Card:Yes
Mobile App:Yes

Details

  • One of the highest rates
  • Free online banking

Review

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