SoFi vs Marcus by Goldman Sachs
SoFi offers higher APY with full banking features. Marcus is simpler with Goldman Sachs backing for set-and-forget savers.
SoFi Savings
4.8
High-yield savings with up to 4.50% APY for direct deposit members, no account fees.
Pricing: No fees
Pros
- Up to 4.50% APY
- No minimum balance
- No account fees
- FDIC insured to $2M via partners
Cons
- Best APY requires direct deposit
- Online-only bank
- No branch access
Marcus by Goldman Sachs
4.6
Goldman Sachs' consumer savings account with competitive rates and no fees.
Pricing: No fees
Pros
- Competitive APY
- Goldman Sachs backing
- No fees or minimums
- Easy savings tools
Cons
- No checking account
- No ATM access
- Limited product selection
Choose SoFi Savings if...
- You want the highest APY
- You need checking + savings
- ATM access matters
- You have direct deposit
Choose Marcus by Goldman Sachs if...
- You want Goldman Sachs reputation
- Simple savings is enough
- You don't need a checking account
- You prefer a focused product
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