Please ensure Javascript is enabled for purposes of website accessibility

This device is too small

If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.

Skip to main content
Advertiser Disclosure Many of the offers that appear on this site are from companies from which The Motley Fool receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear) and may influence which products we write about, but our product ratings are not influenced by compensation. We do not include all companies or offers available in the marketplace.
    |    Accessibility Options

Marcus by Goldman Sachs vs. Capital One: Which Bank Is Right for You?

Review Updated
Steven Porrello
Author: Steven Porrello
Steven Porrello
Steven Porrello
Writer

Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate, and other major outlets. Steven launched his writing career at the age of four with his first book, "Revenge of the Bad Guys." He currently lives in Portland, Oregon.

See Full Bio

| 2 others [ + ]
Emma Newbery
Reviewer: Emma Newbery
Emma Newbery
Emma Newbery

Emma lives in Bogota, Colombia, where she owns the English-language newspaper The Bogota Post. She began her editorial career at a financial website in the U.K. over 20 years ago and has been contributing to Motley Fool Money since the summer of 2019.

See Full Bio

Ashley Maready
Fact Checked: Ashley Maready
Ashley Maready
Ashley Maready
Writer and Editor

Ashley Maready is a former history museum professional who made the leap to digital content writing and editing in 2021. She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley loves creating content for the public and learning new things so she can teach others, whether it's information about salt mining, canal mules, or personal finance.

See Full Bio

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Bottom line: Capital One has no minimum deposits on its CDs and a free checking account, while Marcus by Goldman Sachs ranks higher for customer service.

Marcus vs. Capital One: Overview

About Marcus by Goldman Sachs

Marcus is an online banking platform that offers savings accounts, CDs, and personal loans. Launched in 2016 by popular global investment bank, Goldman Sachs, Marcus aims to take a customer-focused approach with products that are accessible and easy to understand.

About Capital One

Capital One started life as a credit card company in 1988, and is still well-known for its cards. Now it offers a range of financial products, including checking and savings accounts, CDs, loans, and business accounts. It believes nobody should be locked out of the financial system.

Marcus vs. Capital One: Account options

Savings accounts

Rates as of Dec 20, 2024
Offer
 
 
Account
Capital One 360 Performance Savings

On Capital One's Secure Website.

Rating
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.75 out of 5 stars.
4.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
APY 3.80% Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening. 4.10%
Min. to earn APY $0 $0
Next Steps
Open Account for Capital One 360 Performance Savings
Read Review

Marcus by Goldman Sachs and Capital One offer high-yield savings accounts -- the Marcus by Goldman Sachs Online Savings Account and the Capital One 360 Performance Savings. Both accounts have no monthly fees and no minimum deposit or balance requirements.

The Marcus by Goldman Sachs Online Savings Account has a slightly higher APY -- 4.10% versus the 3.80% offered by Capital One. For its part, the Capital One 360 Performance Savings allows you to deposit checks through its app, while Marcus does not currently support this feature.

Checking accounts

Rates as of Dec 20, 2024
Offer
 
 
Account
Rating
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
APY 0.10% 0.10%
Min. to earn APY $0 $0
Next Steps
Read Review
Read Review

At this time, Marcus doesn't offer a checking account, which is a bummer if you want all your accounts in one place. Capital One, however, offers the Capital One 360 Checking, which has no monthly fees and no deposit or balance requirements.

Even better, the account earns a small amount of APY (0.10%), which, true, doesn't compete with the best interest-earning accounts but is still a rarity among free checking accounts. It also offers a checking account for teens.

CDs

Rates as of Dec. 18, 2024

APY = Annual Percentage Yield

Offer
Logo for Marcus by Goldman Sachs High Yield CD
Member FDIC.
Logo for Capital One 360 CD
Member FDIC.
Account Marcus by Goldman Sachs High Yield CD Capital One 360 CD
6 Mo. 4.10% 3.80%
9 Mo. 4.10% 3.80%
1 Yr. 4.10% 4.00%
1.5 Yr. 3.90% 3.70%
2 Yr. 3.70% 3.50%
30 Mo. -- 3.50%
3 Yr. 3.65% 3.50%
4 Yr. 3.60% 3.50%
5 Yr. 3.60% 3.50%
6 Yr. 3.60% --
Min. Deposit $500 $0
Early Withdrawal Penalty Yes Yes
Next Steps
Read Review
Read Review

Looking at CDs, Capital One and Marcus have several terms to offer, plus decent APYs and low minimum opening deposits.

Marcus CDs come in 10 terms, ranging from six months to six years, with a $500 minimum for each CD. It also has a unique 10-day CD rate guarantee, which will automatically raise your CD rate if ongoing rates go up, so long as you deposited the minimum $500 within the same period of time.

Capital One 360 CDs come in 12 terms, ranging from six months to 5 years, and require no minimum deposits. That's rare for a big bank, especially since CDs are usually used to draw in large deposits from clients. You'll also find some decent CD rates at Capital One.

Marcus vs. Capital One: APYs

Marcus has a slightly better APY on its savings account. The rates on both banks' savings accounts are decent, but they're not better than the top high-yield savings accounts.

When it comes to CDs, both banks have similar offerings, though Marcus comes out on top for quite a few terms. That said, the two banks have similar offerings across a few terms.

Compare savings rates

Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.

Account APY Promotion Next Steps
3.80%
Rate info Circle with letter I in it. 3.80% annual percentage yield as of December 27, 2024. Terms apply.
Min. to earn: $0
N/A
Open Account for American Express® High Yield Savings

On American Express's Secure Website.

up to 4.00%²
Rate info Circle with letter I in it. You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!¹
3.80%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
N/A

Marcus vs. Capital One: Customer service

Based on third-party reviews and studies, Marcus frequently ranks higher than Capital One in customer satisfaction.

For example, Marcus ranked higher than Capital One on the J.D. Power 2023 U.S. Direct Banking Satisfaction Study. While Marcus was second with a score of 736, Capital One was seventh with a score of 708.

What's more, Capital One ranked below the study average (718). That said, in the J.D.Power 2023 U.S. National Banking Satisfaction Study, Capital One has ranked first among national banks four years in a row.

Both banks are BBB accredited and have A+ rating. Neither has a great rating on Trustpilot, with Marcus getting 2.7 stars and Capital One 1.3 stars.

Marcus Capital One
Customer service availability Online and mobile app chat
Phone (24/7) 		Online and mobile app chat
Phone (8 a.m. to 11 p.m. EST)
In person (branch)
Physical branch locations None Over 260
Data source: Marcus and Capital One.

Marcus vs. Capital One: Mobile apps

Capital One lets you see all your Capital One accounts in one place (including credit cards and loans), monitor your credit, make transfers, redeem rewards, deposit checks, and pay bills.

For its part, the Marcus app can sync thousands of external accounts to give you a big-picture view of your finances. As you sync more bank accounts, Marcus can give you more personalized insights into your spending. Unfortunately, the app doesn't currently support mobile check deposits.

Marcus Capital One
App Store rating 4.9 4.9
Google Play rating 4.2 4.3
Data source: App Store, Google Play. Ratings are out of 5 stars.

Marcus vs. Capital One: Which is right for you?

Capital One might be right for you if you're looking for a hybrid between online banking and in-person support, as it does have some brick-and-mortar locations. Likewise, it could be fitting if you want to open a checking account, as Marcus doesn't currently have one.

On the flip side, Marcus might be right if you want a slightly higher APY on your savings account.

Capital One 360 Performance Savings
Open Account for Capital One 360 Performance Savings

On Capital One's Secure Website.

Member FDIC.

Rates as of Dec 20, 2024
Award Icon 2025 Award Winner

Capital One 360 Performance Savings

Open Account for Capital One 360 Performance Savings

On Capital One's Secure Website.

Member FDIC.
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Open Account for Capital One 360 Performance Savings

On Capital One's Secure Website.

APY
3.80% Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.
Min. To Earn APY
$0
  • Competitive APY
  • Branch access
  • No account fees
  • Comfort of a well-known brand and reputation
  • 24/7 customer support
  • No ATM access

Capital One 360 Performance Savings checks all the boxes we look for in a high-yield savings account. It even offers branch locations and Capital One Cafes where customers can seek in-person support (if you live near one). This makes it a great fit when you want to reap the rewards of online banking but aren't quite ready to cut ties with brick-and-mortar banks.

Read Full Review

Marcus by Goldman Sachs Online Savings Account

Read Review
Goldman Sachs Bank USA. Member FDIC.
Rating image, 4.75 out of 5 stars.
4.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.75 out of 5 stars.
4.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Read Review
APY
4.10%
Min. To Earn APY
$0
  • Competitive APY
  • No monthly account fee
  • Comfort of a well-known brand and reputation
  • Unlimited number of external transfers (up to daily transaction limits)
  • 24/7 customer support
  • FDIC insured
  • Same-day ACH transfers up to $100,000
  • Free wire transfers
  • No ATM access
  • No branch access; online only
  • Maximum account limit of $1,000,000

Marcus by Goldman Sachs Online Savings Account has a laundry list of features like a top-tier APY, no minimum balance hassle, FDIC insurance, and unlimited withdrawals. All the benefits of this premier account make it one of our favorites. Keep in mind Marcus is online-only with no ATMs or branches. If direct deposit is your game plan, then Marcus may be a great way to kickstart your savings.

Our bank and credit union methodology

Our methodology for scoring banks and credit unions revolves around evaluating key aspects such as annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks.

These criteria are weighted differently across various account types, ensuring a comprehensive assessment that reflects the competitive landscape and economic conditions.

We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased by advertiser influence. This robust evaluation process helps us generate balanced, reliable best-of lists that guide consumers to top financial products.

Learn more about how Motley Fool Money rates bank accounts.

FAQs

  • Marcus is well suited for those who don't need a checking account and want a savings account with a decent APY. It might also be right for those who value customer service experiences, as it frequently ranks high for customer support.

  • Capital One is right for those who want all their accounts at one financial institution. It might also be great for those who live near a Capital One Cafe and want to mix their online-only accounts with some in-person support.