Is Marcus by Goldman Sachs real?
Yes, Marcus is a legitimate set of banking products and services offered by Goldman Sachs. These services include savings accounts, certificates of deposit and personal loans. Marcus by Goldman Sachs accounts are insured by the FDIC, and its apps have high ratings from both Apple and Google users.
Is Marcus by Goldman Sachs taking over Capital One?
Marcus By Goldman Sachs Announces Three New GM Cards, Transition For Existing Cardholder. In late 2020 it was announced that Goldman Sachs had outbid Barclays for the GM portfolio of credit cards. It was reported Goldman Sachs purchased the portfolio from Capital One for $2.5 billion.
How does Marcus work?
Here's how it works: Open a Marcus CD and deposit your minimum $500 within the first 10 days and, if the rate for your choice of CD term goes up during that 10-day period, you will automatically receive that APY for your CD, even if it's higher than the rate that was available on the day you opened your account.
Does Marcus by Goldman Sachs have fees?
Fees. Marcus offers no fees whatsoever: no minimum deposits and no monthly fees. While there are no associated fees, there is a small caveat on the bank's website noting that it may close your account if you do not maintain a positive balance for 60 days.