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Find the right savings account for you

Marcus by Goldman Sachs and Ally are two top-tier online banks. To help you figure out which one is the best fit for you, we’ve analyzed the details of each of their bank accounts, then selected a winner for each category. We’ve also compared the financial institutions in trustworthiness so you can see how a bank deals with customer issues and complaints.

Ally Pros and Cons

Marcus Pros and Cons

Ally vs. Marcus Savings Account Comparisons

Ally vs. Marcus savings accounts

Ally High Yield Savings Account
Marcus by Goldman Sachs High Yield Online Savings Account

Learn more

On Marcus by Goldman Sachs’s site. Marcus by Goldman Sachs, FDIC Insured

Below, we’ve compared high-yield savings accounts offered by each bank.

Ally Ally High Yield Savings Account

Ally High Yield Savings Account

Annual Percentage Yield (APY)

3.75%

Minimum Deposit Amount

Ally Ally High Yield Savings Account

Ally High Yield Savings Account

Annual Percentage Yield (APY)

3.75%

Minimum Deposit Amount

On Ally’s site. FDIC Insured.

Ally High Yield Savings Account

Details

Annual Percentage Yield (APY)

3.75%

Minimum Deposit Amount

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High APY

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No minimum opening deposit

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No monthly service fees

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Savings buckets help you save for different goals

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Surprise savings transfers help you save extra money from your checking account

No physical branch locations

No way to deposit cash

Goldman Sachs Marcus by Goldman Sachs High Yield Online Savings Account

Marcus by Goldman Sachs High Yield Online Savings Account

Annual Percentage Yield (APY)

3.75% (as of 2/15/2023)

Minimum Deposit Amount

Goldman Sachs Marcus by Goldman Sachs High Yield Online Savings Account

Marcus by Goldman Sachs High Yield Online Savings Account

Annual Percentage Yield (APY)

3.75% (as of 2/15/2023)

Minimum Deposit Amount

On Marcus by Goldman Sachs’s site. Marcus by Goldman Sachs, FDIC Insured

Marcus by Goldman Sachs High Yield Online Savings Account

Details

Annual Percentage Yield (APY)

3.75% (as of 2/15/2023)

Minimum Deposit Amount

Read Insider’s guides to the best savings accounts and the best high-yield savings accounts »

Ally vs. Marcus CD Comparisons

Below we’ve compared Ally and Marcus’s regular CDs.

Both institutions offer more CD options, though. Ally has an 11-month no-penalty CD and Raise Your Rates CDs that may increase your rate if Ally’s rates rise during your term. Meanwhile, Marcus has a 7-month, 11-month, and 13-month no-penalty CD.

Ally Ally High Yield CD

Annual Percentage Yield (APY)

2.00% to 5.00%

Minimum Deposit Amount

Ally Ally High Yield CD

Annual Percentage Yield (APY)

2.00% to 5.00%

Minimum Deposit Amount

Ally High Yield CD

Details

Annual Percentage Yield (APY)

2.00% to 5.00%

Minimum Deposit Amount

Marcus by Goldman Sachs Marcus High-Yield CD

Annual Percentage Yield (APY)

3.70% to 4.75%

Minimum Deposit Amount

$500

Marcus by Goldman Sachs Marcus High-Yield CD

Annual Percentage Yield (APY)

3.70% to 4.75%

Minimum Deposit Amount

$500

Marcus by Goldman Sachs, FDIC Insured

Marcus High-Yield CD

Details

Annual Percentage Yield (APY)

3.70% to 4.75%

Minimum Deposit Amount

$500

Ally vs. Marcus Checking Account and Money Market Account

Marcus only offers a high-yield savings account and CDs. If you’d like to open a checking account or money market account, then you’ll have to turn to Ally.

Ally has an interest-earning checking account that doesn’t charge monthly service fees, overdraft fees, or out-of-network ATM fees. You’ll have access to 43,000 ATMs throughout the US, and Ally also reimburses up to $10 in out-of-network ATM fees and you can get your paycheck up to two days early if you set up direct deposit.

Ally’s money market account is pretty similar to the bank’s high-yield savings account. The main difference between the two accounts is the money market account includes a debit card and paper checks.

Ally Ally Interest Checking Account

Ally Interest Checking Account

Annual Percentage Yield (APY)

0.10% to 0.25%

Minimum Deposit Amount

Ally Ally Interest Checking Account

Ally Interest Checking Account

Annual Percentage Yield (APY)

0.10% to 0.25%

Minimum Deposit Amount

Ally Interest Checking Account

Details

Annual Percentage Yield (APY)

0.10% to 0.25%

Minimum Deposit Amount

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Spending buckets to manage expenses

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Competitive APY

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No initial deposit

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No minimum account balance

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No monthly service charge

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Connect your account with Zelle

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Easy-to-use mobile app

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Early direct deposit

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Reimburses up to $10/month in out-of-network ATM fees

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Online bill pay

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24/7 customer service

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No overdraft fees

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Overdraft protection

No physical branch locations

No way to deposit cash

Ally Ally Money Market Account

Ally Money Market Account

Annual Percentage Yield (APY)

4.00%

Minimum Deposit Amount

Ally Ally Money Market Account

Ally Money Market Account

Annual Percentage Yield (APY)

4.00%

Minimum Deposit Amount

Ally Money Market Account

Details

Annual Percentage Yield (APY)

4.00%

Minimum Deposit Amount

Check mark icon A check mark. It indicates a confirmation of your intended interaction.

No opening deposit or minimum account balance

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No monthly service fee

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Access to a debit card

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Access to paper checks

Check mark icon A check mark. It indicates a confirmation of your intended interaction.

Out-of-network ATM reimbursements of up to $10 per month

Check mark icon A check mark. It indicates a confirmation of your intended interaction.

24/7 customer service

Check mark icon A check mark. It indicates a confirmation of your intended interaction.

Easy-to-use mobile app

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Link to other Ally bank accounts

Not the highest money market account APY

No physical branch locations

$10 excess transaction fee (paused during COVID-19)

Ally vs. Marcus Trustworthiness and BBB Ratings

We use ratings from the Better Business Bureau so you can see how a bank deals with customer issues.

Ally received an A rating from the BBB because it has three unresolved complaints. Marcus received an A+ rating.

A good BBB rating isn’t necessarily the be-all and end-all. Talk to current customers or read online customer reviews to see if a financial institution might be a good fit.

Neither Ally nor Marcus has been involved in any recent public scandals.

<br />

Sophia Acevedo, CEPF

Banking Reporter

Evelyn He

Compliance Associate

Evelyn He is a Compliance Associate at Insider who supports the Personal Finance Insider team. Personal Finance Insider is Insider’s personal finance section that incorporates affiliate and commerce partnerships into the news, insights, and advice about money that Insider readers already know and love.
The compliance team’s mission is to provide readers with stories that are fact-checked and current, so they can make informed financial decisions. The team also works to minimize risk for partners by making sure language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team.
Before joining Insider, she served in various legal and compliance roles in different industries, including the legal and pharmaceutical industries.
Evelyn obtained her M.S. degree in Marketing at Boston University in 2022. Prior to combining and consolidating her knowledge of law and business, she spent one year finishing 1L courses at Suffolk University Law School to further her legal knowledge. She has also completed MBA business law courses while working on her Bachelor of Business Administration in Management at the University of Massachusetts, Amherst.
Outside of work, she enjoys spending time with her 14-year-old Shih Tzu named Money, and her 4-year-old Bichon named Tibber.

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Which Online Bank Is Better?

Find the right savings account for you

Ally Pros and Cons

Marcus Pros and Cons

Ally vs. Marcus Savings Account Comparisons

Ally vs. Marcus CD Comparisons

Ally vs. Marcus Checking Account and Money Market Account

Ally vs. Marcus Trustworthiness and BBB Ratings

Find the right savings account for you

Ally Pros and Cons

Marcus Pros and Cons

Ally vs. Marcus Savings Account Comparisons

Ally vs. Marcus CD Comparisons

Ally vs. Marcus Checking Account and Money Market Account

Ally vs. Marcus Trustworthiness and BBB Ratings

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