Goldman Sachs doesn’t need a checking account offering to achieve success in the retail banking market. Why is that? 1) The role of the checking account has changed in consumers’ lives.

Marcus by Goldman Sachs offers good savings accounts with no fees. Keep in mind that there are no checking accounts and no ATMs.

It tested a Marcus by Goldman Sachs checking account to its employees in 2022, but ultimately decided to only offer this product to its wealth management clients. It also no longer offers personal ...

Goldman Sachs aims to cut at least a few hundred more jobs, ... While Marcus was launched to woo mass market customers, it struggled to gain traction or introduce a checking account.

Marcus by Goldman Sachs features competitive deposit accounts, such as a high-yield savings account and CDs, ... Marcus By Goldman Sachs basics. Checking accounts: None.

Goldman CEO David Solomon had wanted the bank to increase its efforts to develop financial services for consumers, such as its Marcus savings account and a planned digital checking account.

Marcus’ savings rate is 3.90%, which is much higher than the national average APY of 0.41%.There's no minimum deposit to open the account, and there are no monthly fees, but the bank has fewer ...