Goldman Sachs review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Goldman Sachs runs a US savings account for people who want a well known bank behind their cash and a rate that can move with markets. The headline rate is 3.5%, and the monthly fee is $0, so there is no standing charge to weigh.
Key facts
- Best for
- Easy access savings from a US bank with no monthly fee and no minimum deposit.
- Headline rate
- 3.5%↗
- Rate type
- Variable↗
- Minimum deposit
- $0↗
- Deposit protection
- FDIC up to USD 250,000↗
- Access terms
- No limit on withdrawals or transfers; same-day transfers up to $100,000↗
- Monthly fee
- $0↗
- Account kind
- Easy access↗
- Legal entity
- Goldman Sachs Bank USA↗
- Headquarters
- United States↗
- Founded
- 1869↗
- Support channels
- Phone, Chat, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- goldmansachs.com
Facts checked September 26, 2026, 4 sources
Pros and cons
Pros
- Withdrawals and transfers are not capped, and same-day transfers are possible within a set ceiling, so your money stays reachable.
- Deposits are covered by FDIC up to USD 250,000, so the balance sits with a US bank rather than a wallet.
- The minimum deposit is $0, so a first transfer can be small and the account is still easy to open.
- The headline rate of 3.5% sits above the savings account median on the site, 3.08%.
Cons
- The rate is variable, so 3.5% is a starting point rather than a fixed return held for a term.
- Savings rates at the upper end of the site sit at 4.5%, above 3.5% here.
- Availability is limited to US, and the FDIC up to USD 250,000 cover applies there.
Who it suits
- US savers who want FDIC up to USD 250,000 behind an easy access balance.
- People building an emergency fund, since withdrawals and transfers are not capped and same-day transfers are possible within a set ceiling.
- Readers who accept a variable rate of 3.5% rather than a locked return.
Who should look elsewhere
- Plazo ES, if you are shopping purely on the headline rate, since its 24.19% is nothing like a savings return.
- AXI Card Tarjeta y Credito, if you are not saving in US and want to compare a rate of 21.59% from another market.
- PayPal Colombia, if a wallet account at 3.3% suits your money better than a US bank deposit.
The company behind it
The account is held by Goldman Sachs Bank USA, a US entity of a firm founded in 1869 and headquartered in the United States. Support runs through phone, chat and help centre, meaning a question can reach a person by phone, by live chat or through the help centre. For a savings account, the name on the account and the length of the firm's history are the two things worth checking.
How Goldman Sachs compares
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Where Goldman Sachs is available
- Available
- United States
- Licence in United States
- Federal Deposit Insurance Corporation (FDIC), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to run the account?+
There is no monthly charge: the account is no monthly fee and the monthly fee is $0. The minimum deposit is $0, so the account can be opened with a small transfer. Interest is what the balance pays, and the account kind is easy access.
Is my money safe in this account?+
Deposits are covered by FDIC up to USD 250,000, and the account is held with Goldman Sachs Bank USA. The Federal Deposit Insurance Corporation is the US regulator named for this brand, so the balance is a bank deposit rather than a wallet balance. Any money above the cover ceiling sits outside that protection.
How fast can I withdraw or transfer?+
The account is easy access, so there is no notice period to serve. Withdrawals and transfers are not capped, and same-day transfers are possible within a set ceiling. That makes it practical for an emergency fund, since money can leave without waiting out a term.
Is the interest rate fixed or variable?+
It is variable at 3.5%, so the figure can move in either direction as the provider adjusts it. A variable rate fits a pot you top up and draw from, since nothing is locked away. It fits less well if you want a known return held for a set period.
Who is the account aimed at?+
It fits savers in US who want a recognised bank behind an easy access balance and no charge for keeping it. The minimum deposit is $0 and support runs on phone, chat and help centre, so a first deposit and a first question can both be small. Anyone based outside the country would need a different provider.
What support is available?+
Support runs on phone, chat and help centre, so a question can go to a person by phone, by live chat or through the help centre. For a savings account, the routine questions on rates and transfers are well covered there. Anything touching the interest paid or the protection ceiling is worth raising on a call.
How does the rate compare with other savings accounts?+
The headline rate is 3.5%, while the savings account median on the site is 3.08%, so it sits above the middle. It is not among the strongest: this brand ranks 184 of 473 brands on headline rate, and the upper quartile rate is 4.5%.
Sources
- goldmansachs.com/our-firm/history checked September 26, 2026
Backs: Founded
“Since its founding in 1869, Goldman Sachs has been a dominant force in the financial world.”
- marcus.com/us/en/savings checked September 26, 2026
Backs: Access terms, Headline rate, Headquarters, Legal entity, Minimum deposit, Pricing model, Monthly fee, Support channels
“there is no limit to the number of withdrawals or transfers you can make from your Online Savings Account”
- marcus.com/us/en/savings/legal-information checked September 26, 2026
Backs: Deposit protection, Licences
- marcus.com/us/en/savings/referrals checked September 26, 2026
Backs: Account kind, Rate type
“Unlimited access to funds.”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.
Related by the facts
Goldman Sachs
Easy access savings from a US bank with no monthly fee and no minimum deposit.