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Goldman is a huge organization, the parts that deal with consumers aren't the parts cutting huge financing deals. Marcus--their online savings bank--is very con
by jonknee 8y ago
Goldman is a huge organization, the parts that deal with consumers aren't the parts cutting huge financing deals. Marcus--their online savings bank--is very consumer friendly and pays more interest than almost anyone else (2.25%, certainly more than anyone else with a big name). I'd imagine this offering will be much more like Marcus and have nothing to do with its investment bank activities, but I guess we'll find out.
https://www.marcus.com https://www.marcus.com
- SnowingXIV 8y agoMarcus is solid. Moved money over there myself. There isn't much to it, no bells and whistles but it's straight interest at a reasonable rate (compared to the others) which many people are looking for. They have CD options as well. Also note this one is FDIC insured and is a true savings account unlike others which often are SIPC insured money market funds. Bonus the site is really nice because it's not a jumbled mess like most bank sites. It's super simple and shows me all I need to know $ and %. I personally haven't dealt with their support team so I can't speak on how reliable that is compared to the other big banks. Agreed with jonknee. Don't dismiss it because of the Goldman Sachs name (if anything, I feel more comfortable having a name like this handling financial matters).