Marcus by Goldman Sachs offers savings accounts, term CDs, and a no-penalty CD at high interest rates. Do note that there’s not any checking or ATM network, as well as branches since all banking is done online or over the phone.

Whereas, Synchrony Bank offers one of the highest interest savings including an ATM card for withdrawals. There are no services fees as well is a minimum deposit. However, their CDs requires a $2,000 minimum deposit to open.

Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most.


	Marcus by Goldman Sachs	Synchrony Bank
Locations	Online Only	Online based banking
ATMs		Any ATMs with Plus or Accel logos
Savings	5/5	5/5
CD	5/5	5/5
Checking
Money Market		N/A
Customer Service		4/5
Mobile App
Pros	-High interest rates -Low opening deposits -No fees -Extended customer service	-Savings with ATM card -High APY -All balance tiers receive same rate
Cons	-No mobile deposits -No checking accounts -No ATM card or network -No physical branches -No mobile app	-No checking account -High APY -All balance tiers receive same rate
Bottom Line	Marcus by Goldman Sachs offers savings accounts and CDs at high interest rates.	Synchrony Bank offers competitive rates for their savings and CDs accounts.`

Bottom Line

Which Bank is Better: Marcus by Goldman Sachs or Synchrony Bank?

In summary:

Marcus (previously GS Bank) is the online bank offered by the investment giant, Goldman Sachs. It offers savings products with very competitive rates and no minimum deposit and no services fees.
Synchrony Bank offers several banking options not only that their APYs is considered one of the higher rates in the industry. However, they fall back on limited customer service.

For more variety of options, see our list of the best bank account bonuses & savings account offers.