Marcus by Goldman Sachs

Marcus by Goldman Sachs is the consumer-facing banking brand of Goldman Sachs Bank USA, launched in 2016. It was created to bring Goldman Sachs's financial capabilities to everyday consumers rather than only institutional and ultra-high-net-worth clients, the traditional focus of the Goldman Sachs business.

For individual customers, Marcus primarily offers high-yield savings accounts, certificates of deposit, and personal loans. The savings and CD products have frequently offered competitive interest rates compared to traditional banks, and they carry no monthly fees. Marcus operates as an online bank with no physical branches, so all account management is handled through the website or mobile app.

Marcus Personal Loans are unsecured loans designed for purposes such as debt consolidation, home improvement, and major purchases. These loans have historically carried no origination fees, no prepayment penalties, and no late fees, though consumers should verify current terms before applying. Rates depend on the applicant's credit profile and other factors.

Marcus also participates in the Apple Card programme, with Goldman Sachs acting as the issuing bank for the Apple Card credit card. This is a co-branded product with Apple and is managed separately from the core Marcus savings and loans business.

Marcus is best suited to consumers who are comfortable managing finances entirely online and who are looking for straightforward savings and personal lending products without complex fee structures.

Goldman Sachs has periodically reviewed and adjusted the Marcus product lineup, so consumers should check the current product range at marcus.com before assuming all product types remain available.

Goldman Sachs Bank USA is FDIC-insured and deposits are covered up to applicable limits. Rates, eligibility, and product terms are subject to change.