Deal has now ended, view more bank account bonuses by clicking here.
Update 2/11/21: Offer has expired early.
(Update 2/1/21: Just a quick note: I enrolled when the offer came out with the plans on funding before 2/12/21, then realized that you only get 10 days from enrollment to fund, so be sure to only enroll when you are ready. I was not able to re-enroll by clicking through the link again, but using the enrollment link received via email, I was able to re-enroll, and I got an email indicating my enrollment is good and have 10 days from today to fund.)
Offer at a glance
- Max Bonus Amount: $100
- Direct Deposit Required:Â No
- Additional Requirements: $10,000 deposit (new funds)
- Hard/Soft Pull:Â Soft pull
- Credit Card Funding: None
- Monthly Fees: None
- Availability: Nationwide, new or existing users
- Expiration Date: enroll by February 12, 2021 and fund within 10 days
- Insured:Â FDIC
The 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 days. You must enroll first.
The Fine Print
- Offer valid from 1/15/21 to 2/12/21. To qualify for the $100 Savings Bonus, you must first enroll in this offer at http://www.marcus.com/us/en/savings/osa-savingsbonus-1 or by calling Marcus at 1-855-730-SAVE (1-855-730-7283) by 11:59 PM EST on 2/12/21. Upon successful enrollment you will receive a confirmation of your enrollment via email or U.S. mail.
- After enrollment, you must deposit $10,000 or more in new funds (internal transfers won’t count) into your Marcus Online Savings Account within 10 days of enrollment and maintain at least $10,000 of those new funds in that account in addtion to the account to the account balance at the time of enrollment for 90 consecutive days from the date of reaching the required dollar amount. Multiple deposits are allowed to reach the required dollar amount and can be made by joint owners for a joint account.
- Offer available to new and existing customers. Each customer is limited to one bonus offer, which can only be applied to a single account. For eligibility purposes, each joint owner will be treated as a separate customer. For example, if you apply the bonus offer to a joint account, the remaining joint owner(s) may apply this offer to another account they own if they have not done so already.
- The bonus will be deposited into your account within 14 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.
- 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, and now in January 2021; 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 .50% interest rate (see Best Savings Rates) for a total 4.50% return. Pretty nice offer, especially if you already have a Marcus account open. I plan on doing this one.
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 .20% APY for 3 months which stacks nicely with the $100 bonus (both deals can stack for a bonus .30%). Do not leave your referral link in the comments below, you can find and leave links in this dedicated post.
Hat tip to reader YK3
I am going to skip this one, and I don’t think I’ll regret it. You’ll really have to do better than 4% to get me to lock up that chunk of change. That said, nice to see it out there.
Just enrolled now and immediately pulled $10k from Ally. Says that transfer will be initiated today and will start earning interest, but funds won’t be available until 2/22, 11 days from now. Hope this doesn’t affect bonus payout. Took screenshots of course as always.
Otherwise it’s a good place to park $10k for 3 months then use it for a local bank bonus that expires end of May (also requires 10k deposit). Thanks!
The availability thing is normal (5 business days). My account shows I completed the deposit requirement on 2/11 and need to maintain eligibility until 5/11, even though my funds are not available until 2/19.
Thanks for the reminder. I wasn’t going to pull the trigger on P2 but just noticed Discover’s rate went down to .45 so might as well move some more over to Marcus now.
This is expiring tomorrow. Just enrolled a few mins ago.
I was able to enroll and see on my account the 100 offer being applied on 8:30AM PST Feb 11, 2021. I also got the email confirmation my bonus enrollment. So I guess YMMV?
I’ll update, thanks
Offer not expired. I chatted w/agent who said they were having trouble but it would be fixed. I tried again and link worked and was able to enroll @ 7:55am PST. Received notice online saying I was enrolled.
Offer expired early. I attempted to enroll this morning and got an error message. When I called, customer service told me that it was no longer available.
Question: I signed up to Marcus using a referral link on the DoC referral page (commenting closed on that page, so I can’t ask this question there). I used a referral link, but I don’t seem to be receiving the referral bonus of +0.20% APY. I just initiated the bank transfer a few minutes ago, so maybe that’s the reason. But I did check the Marcus FAQ and it seemed to suggest that the bonus would be activated on day one of the account opening. Is this normal (and I’ll start receiving the bonus soon) or should I try to contact Marcus customer service? Thanks!
Never mind. I contacted Marcus by text chat. They saw no record of me using the referral link, but they were to retroactively apply the referral code to my account. All fixed. Took about 4 minutes. So far I’m very happy with the customer service. I was worried that that would take MUCH longer to get fixed, lol.
For existing customers, advise opening a separate account to fund the $10k+. Otherwise if funding an existing account, you won’t be able to withdraw any funds from that account fo 90 days without losing the bonus.
Based on the terms, I don’t think what you wrote is accurate. I think it’s okay to withdraw the interest. I probably won’t though.
Terms specifically say “maintain at least $10,000 of those new funds in that account in addtion to the account to the account balance at the time of enrollment.” So you would be fine withdrawing interest.
The interest, probability yes. But any money in an account where the 10k was deposited can’t be withdrawn without losing the bonus. This was confirmed when I called Marcus customer service. That’s why I recommend putting the 10k in its own separate account, which is easy to do. Unless no plans to withdraws any funds anyway for 3 months.
I don’t follow your logic. Whether it’s a new or an existing account, $10K+ needs to stay in the account at all times to qualify for the bonus.
10K of the NEW funds have to stay. Since you can’t specify FIFO when withdrawing funds like you can when selling off stocks, they would have reason to deny the bonus. If you deposited 15k into an existing account and later withdrew 5k, you would still be fine.
What makes you think that there is any difference in being able to withdraw funds in a new account vs an existing account?
Talking to Marcus customer service.
Looks like this has been pulled early. The page no longer works (I even have an email from them directly and the page says the offer is no longer available).
link still works for me
Still works for me also as does the link in the email they sent me.