Marcus Savings Bonus And Promotions Of May 2024

Marcus by Goldman Sachs is an online bank backed by Goldman Sachs—one of the largest banks in the U.S. As an online bank, Marcus doesn’t have physical branches or its own ATM network. Due to the lower overhead costs of running an online bank, Marcus is able to offer competitive rates and occasional new account bonus offers.

Marcus runs $100 savings account promotions from time to time, but the most recent offer has expired. However, new and existing Marcus customers can earn an introductory interest rate boost through the Marcus Referred program. The bank’s savings accounts come with perks such as no fees, no minimum deposits and same-day transfers of up to $100,000 to and from other banks. Offer details are accurate as of May 1, 2024.

Marcus Savings Bonus and Promotions for 2024

Marcus Online Savings Account Referral Bonus: +1.00% APY for Three Months

Refer someone to Marcus and receive a 1.00% APY boost for three months on your online savings account. The new customer will also receive the promotional rate for three months.

• What is the offer? Earn an additional 1.00% APY on your Marcus online savings accounts for three months with Marcus Referred. New customers who use an existing customer’s referral link to open an account are also eligible for the bonus offer. You can earn a maximum of five Marcus Referred Rates bonuses each calendar year.
• When do you receive your bonus? For existing customers, your promotional rate should kick in automatically within one business day of a successful referral. New customers should see the promotional rate applied within one business day of opening an account using an existing customer’s referral link.
• Is there a time limit on the offer? There is currently no published expiration date for this offer. Your Marcus savings account will earn the additional 1.00% APY for three months after a successful referral.
• Is there an offer code for this promotion? To receive the offer, the new customer must use your unique referral link, which is available in the Marcus Referred Center. Simply log in to your Marcus account and select Marcus Referred from the menu at the top right of the screen.

Marcus by Goldman Sachs High-Yield Online Savings Account: Earn $100 With a $10,000 Deposit [EXPIRED]

New and existing Marcus customers can earn $100 after depositing $10,000 into their online savings accounts between Jan.18, 2023, and Feb. 15, 2023. Marcus may run similar promotions in the future.

• What is the offer? The $100 Marcus savings bonus was available to new and existing customers who enrolled their online savings account in the offer, deposited $10,000 or more from an external account within 10 calendar days of enrollment, and held the funds in their account for 90 consecutive days from the end of the funding period.
• When do you receive your bonus? The Marcus $100 bonus would have been deposited into your online savings account within 14 days of completing the funding requirements.
• Is there a time limit on the offer? The Marcus $100 savings bonus offer expired on Feb. 15, 2023.
• Is there an offer code for this promotion? Marcus did not require a promotional code to take advantage of this offer.

How To Earn a Marcus Bonus

Marcus savings account bonuses are typically easy to earn: You must simply deposit a minimum amount by a certain date. You’ll often have to hold that balance for a specified period of time as well.

Marcus’s referral bonuses are also easy to earn, as long as you have someone you can refer. All you have to do is send them your unique referral link. Once they use your link to open a new online savings account or certificate of deposit, the bonus APY will be applied to your account within one business day. The promotional rate lasts for three months.

New Marcus customers earn the bonus APY by using an existing customer’s referral link to open an online savings account. The promotional rate will be applied to the new account within one business day of opening the account, and it lasts for three months.

Benefits of Marcus

Marcus offers straightforward online savings accounts with competitive rates and minimal fees.

Here are some other features that Marcus savings accounts offer:

• Competitive APYs. Marcus offers interest rates that align with rates on the best high-yield savings accounts. Its certificates of deposit also offer competitive rates on most terms.
• Low fees. Marcus doesn’t charge monthly maintenance fees or transaction fees on its High-Yield Online Savings Account, making it one of the best no-fee savings accounts.
• No minimum deposits. There are no minimum deposit requirements to open an online savings account with Marcus. However, Marcus may close your account if you don’t deposit funds within 60 days of account opening.
• Same-day transfers: Marcus will process transfers up to $100,000 on the same day, as long as you submit the request by 12 p.m. ET on a business day. This can be helpful if you need access to cash quickly for a large purchase.

Marcus Overview

Marcus by Goldman Sachs offers a wide variety of financial products and services, including high-yield savings accounts, certificates of deposit and investment accounts. Marcus offers personal loans by invitation only. Marcus doesn’t offer checking accounts, which may be a drawback for those who prefer to do all their banking in one place.

Marcus shines with its competitive rates on savings products. The low fees and high APY on a Marcus online savings account puts it among the best savings accounts. Marcus by Goldman Sachs High-Yield Certificates of Depositcome in terms ranging from six months to six years and offer some of the best CD rates.

Bottom Line

A Marcus savings account bonus can help boost your savings balance. Keep in mind banks change bonus and promotional offers frequently. Comparing the best bank account bonuses can help you find the right offer for you.

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