[Update 10/4/19: Rate lowered further to 1.90%]
[Update 8/26/19: Rate lowered further to 2.00%.]
A lot of readers sent in that Marcus by Goldman sent out an email that the rate on their savings account is being lowered from 2.25% to 2.15% beginning tomorrow. We just saw a similar move by Ally to lower their savings rate from 2.20% to 2.10%.
A lot of readers have the Marcus account from this signup bonus offer. There are other options, up to 2.57% APY interest rates – best rates can be viewed on this dedicated page.
View Comments (62)
@will Marcus has a small offer for existing users:
Email titled: "Get a $100 bonus & boost your savings"
Here’s how to get your $100 bonus:
Enroll in the offer on marcus.com by clicking here
Deposit $10,000 or more in new funds into an Online Savings Account
Maintain those funds plus your existing balance for 60 days
Must enroll by February 11, 2020
It only took until 2020, but they now have an iPhone mobile app and a Google Play app coming this spring. https://www.marcus.com/us/en/marcus-mobile-banking-app
Does Marcus provide free outgoing wire transfers?
Anyone get the email from Marcus offering 2.00% APY 11-month no-penalty CD?
11-month
No-Penalty CD
2.00% APY
• New higher rate!
• Fixed rate for a guaranteed return
• $500 minimum balance
It's on their site. Also says closing fee if cash out early.....lol.
no it doesn't.
I see 2.15 for twelve months. I'm getting me some tomorrow 😁😁😋😊
Anyone knows how soon the fund hits my external account if I initiated ACH from my Marcus account to transfer fund out in the morning of a regular business day?
@guest_850053 I am kind of a similar situation as yours I guess. How many days did the ACH fund transfer from Marcus take to appear in your external account?
No longer a HIGH yield.
Rate lowered to 1.70%
Rate lowered to 1.90%
@chucksithe
just came to post this :(
oh well.. 25 more days to go to transfer all funds out of Marcus.
Updated, thanks
Fed is cutting rates with Trump continues his demand to cut further, much further.
Every institution offers HY would cut rates, AMEX HY has gone down to 1.9. Among the big boys, it will be a matter of when, Synchrony will follow suit.
Some folks thought of once their 1% cash bonus is deposit they would take the money and run.... WHERE? I challenge those who think they can find better FDICed account with better yield, for LARGE amount, without requiring you to do a lot nonsense transactions, to post their finds here.
Popular Direct still offering 2.55% but with no guarantees. Monitoring that rate on a daily basis, though unless it drops precipitously this account would clearly still be considered relatively competitive. In other words, not a bad place to go to the trouble of opening an account and parking funds for now.