Marcus by Goldman Sachs vs SoFi Bank
Comprehensive comparison to help you choose the right option
Last updated: March 2026
Quick Verdict
SoFi Bank takes the edge with a rating of 4.6/5. It's best for people who want banking, investing, and loans in one place. However, Marcus by Goldman Sachs is the better choice if you're looking for savers focused purely on maximizing interest earnings.
Side-by-Side Comparison
| Feature | Marcus by Goldman Sachs | SoFi Bank |
|---|---|---|
| Bank Type | Online Bank | Online Bank |
| Savings APY | 3.90% | 3.80% |
| Checking Fee | N/A | $0 |
| Minimum Deposit | $0 | $0 |
| ATM Network | N/A | 55,000+ ATMs (Allpoint) |
| Mobile Banking | Yes | Yes |
| FDIC Insured | Yes | Yes |
| Sign-Up Bonus | None | Up to $300 with direct deposit |
| Our Rating | 4.3/5 | 4.6/5 |
Marcus by Goldman Sachs: Pros & Cons
Marcus by Goldman Sachs Pros
- + High savings APY
- + No fees
- + No minimum balance
- + Backed by Goldman Sachs
- + Personal loans available
Marcus by Goldman Sachs Cons
- - No checking account
- - No ATM access
- - Limited product range
Best for: Savers focused purely on maximizing interest earnings
SoFi Bank: Pros & Cons
SoFi Bank Pros
- + High APY on checking AND savings
- + No fees
- + Early direct deposit
- + Investing and loans in one app
SoFi Bank Cons
- - No physical branches
- - Newer bank
- - Limited cash deposit options
Best for: People who want banking, investing, and loans in one place
Detailed Analysis
Who Should Choose Marcus by Goldman Sachs?
Marcus by Goldman Sachs is the better choice if you're looking for savers focused purely on maximizing interest earnings. Its strongest advantages include high savings apy and no fees. With a rating of 4.3/5, it is a solid choice in the market.
Who Should Choose SoFi Bank?
SoFi Bank is ideal for those who want people who want banking, investing, and loans in one place. Key strengths include high apy on checking and savings and no fees. Rated 4.6/5, it is among the top picks we recommend.
Final Verdict
Marcus by Goldman Sachs
SoFi Bank
Both Marcus by Goldman Sachs and SoFi Bank are reputable financial institutions. Choose Marcus by Goldman Sachs if you value high savings apy. Choose SoFi Bank if you prioritize high apy on checking and savings.