Some of the best things about opening a Marcus account are that there is no minimum deposit required for a savings account, there are ample security features to keep your information secure, and because Marcus is FDIC insured, you won't have to worry about coverage for your funds. If you are ready to open an account with Marcus, follow the steps above.
In this article, you will find all the information you need to open up an account with Marcus by Goldman Sachs. It is also filled with more important account information.
Before opening an account with Marcus, there are a few things you should know, such as if opening an account requires a minimum deposit. The answer is "no," there is no deposit required to open a savings account online with Marcus. However, to open a No-Penalty CD or a Certificate of Deposit, there is a $500 minimum deposit required. There is also no limit on the number of savings accounts users may open at Marcus. But you can only open five new accounts at the same time.
Marcus has a wide range of features, policies, and services available to keep both your personal information and your account safe and secure. Not only does Marcus prompt you for a unique password and require that members use a secure browser, but they also use multi-factor authentication. This helps to verify your identity so nobody else can access your account but you. In addition, you are also protected by other added layers of protection, such as round-the-clock network monitoring, firewalls, and 128-bit SSL encryption. This is to ensure your information is always kept secure.
Savings accounts at Marcus are offered by the USA Goldman Sachs Bank, which is an FDIC member. This means that any funds you deposit into your savings accounts are insured for the legal maximum amount allowed by law. Currently, the amount for all your combined accounts owned individually is $250,000. For jointly owned accounts, it's $250,000 per owner and for payable-on-death designations, it is $250,000 per beneficiary. So you don't have to request or apply for coverage on your own. However, it's important to fully understand your deposit insurance limits and account ownership types to ensure the protection of your funds.
The Annual Percentage Yield reflects both the compound interest your account would earn per year and the amount of interest that would be paid on your account. Thus, Marcus compounds interest daily. Interest rates and APYs are variable and could change at any time without notice at the discretion of Marcus.
If you are already a customer, start by logging in. Your info will be pre-filled to save time. If not, create a general account by following the prompts to add your personal info.
Choose the account you wish to open. Options available are Online Savings Account, No-Penalty CD, Certificate of Deposit, and Rate Bump CD.
Provide your full legal name as it is displayed on your government-issued ID, the email address you check most often, and your phone number.
Read through the eSign Agreement, the Privacy Policy, the Privacy Notice, and the Site Terms and if you agree, check the box, then click "Continue".
Follow this link if you need additional help.
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