Marcus by Goldman Sachs is a digital consumer bank offering a range of financial products and services, including high-yield savings accounts, certificates of deposit (CDs), and personal loans.
Here's how Marcus by Goldman Sachs works:
Customers can open an account online: Customers can open a Marcus by Goldman Sachs account online, without the need to visit a physical branch.
Customers can access their accounts online: Customers can access their Marcus by Goldman Sachs accounts online through the Marcus by Goldman Sachs website or mobile app. This allows them to view their account balances, make deposits, and manage their accounts.
Customers can earn high-yield interest on their savings: Marcus by Goldman Sachs offers high-yield savings accounts that allow customers to earn interest on their deposits. The interest rate on these accounts is typically higher than what is offered by traditional banks.
Customers can invest in CDs: Marcus by Goldman Sachs also offers CDs, which are certificates of deposit that offer a fixed interest rate for a set period of time. Customers can choose the term of the CD, which can range from six months to five years.
Customers can borrow money: Marcus by Goldman Sachs offers personal loans to customers who need to borrow money for things like home improvements, debt consolidation, or major purchases.
Overall, Marcus by Goldman Sachs is a digital consumer bank that offers a range of financial products and services, including high-yield savings accounts, CDs, and personal loans. Customers can access their accounts online and manage their finances through the Marcus by Goldman Sachs website or mobile app.