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High Yield Savings
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How you make money
Deposit your money into the high yield savings account and start earning 0.50% APY. The interest is compounded daily and credited monthly to your account. Interest is calculated using the daily balance method. This method applies a daily periodic rate to the principal and interest that has accrued in the account each day. This means that the interest from your account is calculated every day on a 365-day year/ 366-day for leap years.
How Marcus by Goldman Sachs makes money
There are no fees to use the Marcus High Yield Savings Account. As a bank, Goldman Sachs makes money through the interest they make on loans and other banking fees.
Risks
Marcus savings accounts are provided by Goldman Sachs Bank USA. Goldman Sachs Bank USA is an FDIC member, which means that funds deposited in Marcus savings accounts are insured up to the maximum allowed by law, which is currently $250,000 for all your individually-owned accounts combined, $250,000 per owner for all your jointly-owned accounts, and $250,000 per beneficiary for accounts with payable-on-death (POD) designations.
Things to know
- You make money onInterest
- Payout frequencyMonthly
- LiquidityEasy
- Fees0%
- Term of investmentZero
- Open toAll Investors
Company
- Country availabilityUS only
- Established2016
- Assets under managementUnknown
- Mobile ApplicationIOS, Android
Investment Return Calculator
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Amount invested
$1,000
Total fees
$0
Value after fees
$1,025.25
Any references to past performance, regarding financial markets or otherwise, do not indicate or guarantee future results.
Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts.
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High Yield Savings
High Yield Savings