If you’re a Marcus customer, you can earn a rate boost by referring friends. Simply send your unique referral link to a friend who doesn’t have a Marcus High Yield Savings Account or CD in the past 12 months. Then, if they open a new account through your link, you both earn up to a two-month rate boost. Marcus High Yield Savings Account is a great option for anyone who wants to earn an attractive interest rate without the hassle of maintenance fees or minimum balance requirements. The bank also offers other banking products, including a checking account, CDs, and an investment account. However, the bank’s deposit rates are not the best on the market.
You can get a much better return on your money by comparing bank accounts. There are many online banks that offer high-yield savings accounts, and some even offer special signup bonuses. One of the most interesting options is Marcus by Goldman Sachs, which offers some of the highest deposit rates in the industry. AARP members can get an extra 1% bump on their savings account rates.
Marcus HYSA Withdrawal Limit
With the Marcus high-yield savings account, you can earn a higher rate on your money than with most online savings accounts and traditional banks. It also offers tools to help you save more and a generous same-day transfer allowance. Unlike many online savings accounts, Marcus doesn’t charge monthly fees or minimum-balance requirements.
In addition to its competitive rates, Marcus is FDIC-insured up to $250,000 per depositor. It also provides a number of ways to reach customer support, including an easy-to-use mobile app and online chat. Its mobile app includes tools for setting savings goals, tracking spending, and receiving alerts. It also has a streamlined interface for opening accounts, making transfers, and viewing account information.
You can deposit and withdraw funds in a Marcus account online or by phone through ACH or a free wire transfer. You can also use the app to set up monthly automatic deposits from your checking account. You can also transfer money between your Marcus account and other accounts without paying a fee. However, there are limits on the amount of money you can transfer per month.
In addition to its savings account, Marcus offers a range of other deposit products, such as CDs with competitive rates and short- and long-term terms. Its three types of CDs all have a $500 minimum deposit and come with a rate guarantee, ensuring that you’ll receive the new rate if the bank raises its rates within 10 days after you open your CD.