1. What is the Marcus Savings Calculator?

This calculator helps you project the growth of your Marcus by Goldman Sachs® High-Yield Online Savings Account using compound interest. As of July 2025, Marcus offers a competitive 4.40% APY (Annual Percentage Yield).

2. How Does the Calculator Work?

The calculator uses the compound interest formula:

Where:

• \( A \) — Final amount ($)
• \( P \) — Principal investment amount ($)
• \( r \) — Annual interest rate (decimal)
• \( n \) — Number of compounding periods per year
• \( t \) — Time the money is invested for (years)

Explanation: The formula accounts for interest being earned on previously accumulated interest (compounding effect).

3. Understanding Compound Interest

Details: Marcus compounds interest daily and credits it monthly. The more frequent the compounding, the greater the return. This calculator shows how small, regular contributions can grow significantly over time.

4. Using the Calculator

Tips: Enter your initial deposit, the current interest rate (4.40% APY as default), time horizon, and select daily compounding (365) for Marcus accounts.

5. Frequently Asked Questions (FAQ)

Q1: What is the current Marcus APY?
A: As of July 2025, Marcus offers 4.40% APY. Rates may change, so check their official website for updates.

Q2: How often does Marcus compound interest?
A: Marcus compounds interest daily and credits it to your account monthly.

Q3: Are there any fees with Marcus accounts?
A: Marcus has no monthly fees or minimum deposit requirements.

Q4: How does this compare to regular savings accounts?
A: Marcus' 4.40% APY is significantly higher than the national average of 0.46% for traditional savings accounts.

Q5: Is my money safe with Marcus?
A: Yes, Marcus is FDIC insured up to $250,000 per depositor.