Synchrony Bank vs Marcus by Goldman Sachs
Synchrony Bank is a good online bank offering high interest rates. How does it compare to Marcus? Read our comparison chart below.
Synchrony Bank offers high interest savings with an ATM card for easy withdrawals. There is no minimum deposit. Their CDs require a $2,000 minimum deposit to open. There are no service fees for any products.
While Marcus offers savings accounts, term CDs, and a no-penalty CD. It has no checking or ATM network. Savings account has no minimum deposit required to open while CDs have $500 minimum opening deposit. There are no service fees.
Compare Synchrony Bank with Marcus, side-by-side. Read on for an in-depth look, including ratings and reviews.
Synchrony Bank | Marcus by Goldman Sachs | |
---|---|---|
High Yield Savings - 4.50% APY - | Marcus Online Savings - Earn 4.25% APY - | |
Benefits and Features | ||
Savings | 4.50% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle | 4.25% APY. $0 to open. No fees to open or maintain account. No minimum daily balance requirement. |
CD | 0.25% to 4.80% APY. Terms of 3 months to 5 years. No minimum deposit to open. | 3.75% to 4.30% APY. Terms of 6 months to 6 years. 12-month CD APY of 4.30%. $500 minimum to open. No monthly service fee. |
Checking | ||
Money Market | 2.25% APY. No monthly service fee and no minimum deposit. | |
Mobile App | ||
ATMs | Any ATMs with Plus or Accel logos | |
Customer Service | Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET) | Mon - Sat: 8 am - 10 pm ET Sat - Sun: 9 am - 7 pm ET |
IRA CD | 0.25% to 5.15% APY. Terms of 3 months to 5 years. No minimum deposit to open. | |
IRA Money Market | 2.25% APY. | |
Locations | ||
CreditDonkey® Reviews | ||
Savings | ||
Money Market | ||
Customer Service | ||
Pros & Cons | Pros:
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Bottom Line | Good online bank offering high interest rates... | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Synchrony Bank: Pricing information from published website as of 09/28/2024. Marcus: Information including rates, fees, terms, and benefits was obtained on October 02, 2024 from published websites and is believed to be accurate, but not guaranteed. |
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