Editorial image; product art from the issuer. Offers and eligibility are subject to application terms.Marcus Online Savings is a simple home for cash you want separated from checking. Opening through our referral link adds 1.00% APY above the variable standard rate for three months.
Open through this referral link. The base APY is variable; confirm the final rate on Marcus before opening.
This is the editor's personal referral link. When the terms are met, both the new customer and referrer can receive a rate boost at no additional cost to the reader.
Highlights
$0 monthly maintenance fee.
No minimum deposit to open.
1.00% APY above the standard variable rate for three months.
Eligible deposits at Goldman Sachs Bank USA are FDIC-insured within legal limits.
How the referral boost works
A new customer must open through an eligible referral link and generally must not have held a Marcus Online Savings Account or CD during the prior 12 months. The qualifying account receives a 1.00% APY boost for three months.
The boost is not a cash bonus. Because the standard APY is variable, the combined APY shown when you open can change during the promotional period.
Who should consider it
- Savers separating an emergency fund from everyday checking.
- Customers who value no monthly fee and a fully online experience.
- Rate-conscious savers willing to compare options again when the boost ends.
What to know before applying
- Open from the referral page and retain the confirmation.
- Verify the current standard APY; it can change.
- Enter identity and funding information carefully.
- Review FDIC ownership-category limits for large balances.
Drawbacks
- Variable rate：The standard APY can change, and the boost ends after three months.
- Online only：It is not a fit for customers who rely on branches or cash deposits.
Frequently asked questions
How long does the boost last?
Eligible new accounts receive an additional 1.00% APY for three months.
Is this a $100 cash bonus?
No. It is a 1.00% APY rate boost above the variable standard APY.
Does Marcus charge a monthly fee?
No monthly maintenance fee applies.
Is Marcus FDIC-insured?
Eligible Goldman Sachs Bank USA deposits are insured under FDIC rules and limits.
Summary
Marcus is a clean, low-friction online savings option. The three-month 1.00% APY referral boost improves its short-term value, but set a reminder to compare rates when the boost expires.
Confirm the final offer, fees and eligibility before submitting.