(Bonus Posting)[Expired] Marcus $100 Bonus for New & Existing Savings Customers with $10,000 Deposit (2023)

Update 5/4/23: Bonuses posting today for a lot of people. If you want to withdraw, just make sure you had the funds there for more than 90 days first.

Update 2/3/23: Today an email went out clarifying that the issue mentioned below was a technical error.

Update 2/1/23: A lot of people got an email today stating that they are ineligible for this promo, despite their having enrolled and met all the requirements. Multiple readers have confirmed with Marcus that this email was sent out in error, so assuming you did everything right you should be good to go. Presumably they’ll send follow-up correspondence confirming this in the coming days.

Offer at a glance

• Max Bonus Amount: $100
• Direct Deposit Required: No
• Additional Requirements: $10,000 deposit (new funds)
• Hard/Soft Pull: Soft pull
• Credit Card Funding: None
• Monthly Fees: None
• Availability: Nationwide, new or existing users
• Expiration Date: enroll by February 15, 2023 and fund within 10 days
• Insured: FDIC

The Offer

Direct Link to offer

• New or existing Marcus by Goldman Sachs customers can enroll to be eligible for $100 bonus when depositing $10,000 in new funds within 10 days of enrollment and maintaining those funds plus your current balance for 90 consecutive days after the enrollment period.

You must enroll first. Do not enroll until you are ready to fund since you only get 10 days to fund starting from enrollment date.

 

The Fine Print

• Offer valid from 1/18/23 to 2/15/23 (“the Offer Period”).
• To qualify for the $100 Cash Bonus (the “Offer”), you must enroll a Marcus Online Savings Account (“Account”) in this Offer at https://www.marcus.com/us/en/savings/osa-savingsbonus or by calling Marcus at 1-855-730-SAVE (1-855-730-7283) by 11:59 pm ET on 2/15/23. Upon successful enrollment, you will receive a confirmation of your enrollment via email or U.S. mail.
• After enrolling, you must deposit $10,000 or more in new funds from an external account into your Account within 10 calendar days of enrollment (the “Funding Period”). The Account balance plus a minimum of $10,000 in new funds (the “Required Dollar Amount”) must be maintained in your Account for 90 consecutive days from the end of the Funding Period. The Account balance is based on the starting current balance reflected on your account at 12 am ET the day you enroll. Once the Funding Period has ended, your Account balance may not drop below the Required Dollar Amount at any point until after the 90 consecutive days have passed. You may make multiple deposits within the Funding Period to reach the Required Dollar Amount. Internal transfers do not count for purposes of this Offer.
• If you choose to enroll a different Marcus Online Savings Account in this Offer, you must deposit $10,000 or more in new funds from an external account into the newly enrolled Account within 10 calendar days of enrollment in this Offer, even if you reached the Required Dollar Amount in a previously enrolled account.
• The $100 bonus will be deposited into your enrolled Account within 14 calendar days after fulfilling the above requirements. To receive your bonus, your Account must be open and in good standing at the time the bonus is deposited in your Account. The bonus will be treated as interest for tax reporting purposes.
• Offer available to new and existing customers. Each customer is limited to one cash bonus under this Offer. This Offer can only be applied once to an account. If an Account has multiple owners, the Account is limited to being enrolled for this Offer under only one of the Account owners and receiving only one cash bonus. Remaining Account owners may be eligible to use another eligible Account to enroll in this Offer. This Offer may be combined with other promotional offers available to Marcus Online Savings Account customers.
• We reserve the right to modify or revoke this Offer at any time without notice. If we determine that you have engaged in or plan to engage in abuse or gaming in connection with this Offer, you will not be eligible for this Offer.

Our Verdict

Marcus offered a similar deal in March 2019, then in January 2020, then in January 2021, then in January 2022, and now in January 2023. They also offered a $500 deal in July 2019. It’s worth holding a Marcus account as the bonuses all seem to be for new or existing customers.

Locking up $10,000 for 90 days and getting $100 is a APY of roughly 4%, added to their regular 3.30% APY interest rate – at the time of this writing – for a total 7.30% return. See Best Savings Rates for comparison. Pretty nice offer, especially if you already have a Marcus account open. I plan on doing this one. We’ll add this to our list of Best Bank Bonuses. 

You can always get an extra .10% APY from Marcus if you are an AARP member, and new Marcus members can sign up with a referral link and get an extra .50% APY for 3 months for a total 1.00% APY; that stacks nicely with the $100 bonus (this can stack on top of the AARP deal as well for 1.10% APY). Do not leave your referral link in the comments below, you can find links in this dedicated post (now closed to new comments).

Hat tip to reader NDrew