Anyone use Marcus by Goldman Sachs High yield saving account? Curious to know experience and why you chose it over money market or fixed income portfolio

like
Posting as :
works at
You are currently posting as works at

I use it for ease of moving money in and out into my primary bank account. Transfers are quick. I have a higher rate due to referrals so the difference in APY % is minimal. To move out of a MM funds have to settle and then can be transferred out. DM me if you need a referral for 1% higher apy for 3 months!

like

I like Marcus by Goldman Sachs. Transferring money in and out is easy and I just put money there as a savings account sort of like an emergency fund. After it hits a certain amount, i invest the rest in stock and money market

like

I just use Wealthfront

I use it and I use it because of the High APY offered. It’s a good temporary tool to use to allow your money to make money with compound interest. You can always save up a specific amount and diversify where your funds reside.

As far as customer services, experiences and situations vary. My experience is good. I utilize the app mostly unless there is a situation that would require me to have to call in.

I use it because I can directly pay my credit cards/ rent from the account, I can DM you a referral

Its basically a money market product in a "high yield" savings account. Money market is a part of the fixed income, but you don't have an interest rate sensitivity due to the short-duration nature. On the other hand, you bear a reinvestment risk - if Fed cuts aggressively, you will have to find something new and it will likely be challenging to get that yield without credit or duration risk. I use it for practical purpose - you can withdrawal and receive money next day. With bond portfolio you face a market risk and if you sell you can get your money in 3 days (2 days for settlement and 1 day for withdrawal).

I use laurel road. Their savings account has a 5% interest rate

Marcus all the way - super easy and intuitive to use the app, quick transfers, better APY rates. Feel free to use my referral link to boost your APY :)

https://www.marcus.com/share/ASU-FKY-1MZ1

Related Posts

Should I take an L on Paysafe? Feel like none of these SPAC stocks are going to have upward movement anytime soon

like

What stocks do you look at to swing trade?

like

What would be my inhand for this below structure and which tax slab should i choose?i have around 90k investment for 80c.
For Additional 1.75 lakh one time bouns, is it going to be considered for calculating tax?

Post Photo
like

Looking to buy Rolex OP. Thoughts on new vs used? Is the additional ~2k worth it for new?

Is it mandatory to submit previous employment declaration while submitting Income tax declaration. Or we can just skip this. Since this is my 2 nd company not aware of this much. What happens at the end of financial year if we don't declare previous employment declaration. Seniors kindly help🙏

Better mortgage vs. Rocket mortgage - anyone shopped with both and what swing your decision?

like

My fiancé and I (ages 30 and 31) are about to buy a house. We would put down 10% for a 835k purchase price. Our combined income is $265k. We both have around 7-10k left in emergency funds (each) and combined about 200k for retirement. Our mortgage is $4,500 a month and we split a car payment for $800. Is this an okay financial decision or should we have bought a cheaper house/saved more?

likehelpful

Any of you using TikTok to display your properties? I see it's working for some realtors and I am tempted to try.

like

I’m currently signed on a contract for my first house for new construction that has gas heating. I have not lived in a house with this before and this entire time have been battling the anxiety of it even with detector. The house, location, and price is all everything I could dream of. Any advice on what to do in this situation?

like

On average, what % of your lifetime savings should be directly in the market (MFs and ETFs)? This is excluding 401k, Roth IRA etc

like

Leaving firm and thinking about what to do with my 401k. Any reason not to roll it over to my own IRA vs leaving as is or moving to new company 401k?

like

What app do you guys use to buy? Seems like Coinbase only has 3 cryptos, RH only 2. Is there a single app that has all or a large selection to choose from ?

Need a quick help
While structuring the HRA if we give max limit for eg., 20k and I have rent agreement of 7500. Will this be a problem or will I just get an exempt of 7500?

like

Does anyone have any book recommendations for information on buying a house?

like

200k in student loans. Unmarried, no kids. If you had to choose - Would you prioritize paying them down/off or saving up for big ticket items like a house/retirement?

like

Other than Fidelity, what's the best brokerage account out there? Looking for something visual that allows fractional shares and portfolio insights.

like

Can I pay income tax challan using credit card?

More Posts

I want a dog so badly but I can't imagine walking him up and down these hills every day T_T

My wife and I are starting a first cycle of IVF. Given how expensive IVF is/can be, wondering if anyone has lessons learned on the insurance front—understanding it varies by plan, of course. We’re currently enrolled in HDHP w/ HSA, and have nurse consult tomorrow discuss financials among other things. Still in open enrollment, which is great timing. Thanks all. Staying hopeful.

like

Starting IVF in a month - any guidance in prep for it, things that may help increase success for egg retrieval or anything like that? I started taking supplements advised by my doctor, but curious to hear of anything else! Thank you SO much!

like
like

Hi there. I previously had a beautiful baby girl through IVF and emergency c-section. Now I'm in the process of completing my pre-requisites before another FET. I had my hydrosonogram, trial embryo transfer, and an overall check of my uterus. Due to my muscle thickness, they're recommending with my next pregnancy to have another c-section. I tried Googling but can't find any info. Anyone been through this before and know what they're referring to? I just like to be as informed as I can.

like

Stupid Question- We have been thinking for IVF and trying to understand with this process, is there any difference in the health and life of the child as compared to a child born without IVF. I did ask this with our doctor and he said casually its all same. This is not to question any doctor but just to really understand what is going to be different with the kid. This is not very old technology and not much studies as well.

like

I am a mechanical engineer having 10 years of experience in wind and automotive domain. Is it possible to switch to IT domain. Please suggest some course without or with basic codeing to get some IT jobs.

like

I've submitted my latest paper to the largest journal in my field, but it's taking forever for them to review it. I feel like they're just stalling me because they don't want to publish it. But if they don't publish it, then who will? And what happens if someone else finds out about my findings before they're published?

like

Does anyone need a referral for KPMG UK, send me the job id and your details.

like

In first grade, do you think teaching word problems is easier if they draw then make a number sentence? Or identify the parts of the number sentence they hear and then draw if necessary?

like
like

Buying vs. renting...?

like

Hi everybody! I was approached by a Tech Sourcer from Google for an SE position, and scheduled a call for next week. Any head’s up on what to expect? Super excited and don’t want to mess it up.

like

Cab someone tell me what is a good salary for a business analyst based in Germany?

Reporting to company management?

like

What’s been your most impressive/successful salary negotiation when you’ve received an offer? Did you manage to get way more PTO or other perks?

like

Which is better between IBM and Naggaro.
Both are offered same 25lpa. Yoe-7 JAVA.
In term of WLB and Job Security.

like

Anyone from GE Aviation here? Looking to connect an maybe get a referral for a position I’m interested in.
Thanks

like

How is Gartner for a senior Software engineer. In terms of wlb, pay, job security etc

like

Can someone help with monthly inhand?Tata Consultancy

Post Photo
like

Additional Posts in Finance

What are some questions people ask for lateral interviews?

like

How do you deal with a coworker you just simply don't like as a person?

like

What are some good modern/post-pandemic personal finance books you can recommend?

Are there any expats here?

like

How much are you contributing to your 401k?

Thoughts on Reputation?

like

What salary or net worth do people here consider "rich"

like

Anyone deal with this before: I inherited a severely under developed team including a sr analyst who clearly was doing the bare minimum, if that. Over the last 6 months I have had to coach him and correct simple mistakes in his work and recently it got so bad that I told him he would receive a low rating in his evaluation. He lashed out, involved HR saying he doesn’t understand why, and now my review points out stuff that I would have let slide.

Running behind on a date, tried to originally reschedule but he insisted, said I was on a call and instead of 5:30 could meet at 6:30 and at 6:15 he checked in, I said 20 more and then he cancelled...

like

What the likely impact of MIFID2 on Equity Research?

like

Has anyone seen Doctor Strange yet? Thinking about going to the cinema for the first time in years :)

like

When you build an excel model that is so fire you want to show it off...but it's private af

like

What's your "I'm in Finance stereotype" moment?

like

I’m in a final round interview with EY for entry level roles. Does it affect me negatively if my recruiter knows that I’ve offer from multiple other big 4 firms? I received a form to fill where It asks for any offers that I already have.

like

Am I an outlier for enjoying the work in this industry?

like

Happy 2017 everyone!! How's everyone feeling?

like

The real walk of shame is leaving work before everyone else on your team..esp when you're an analyst

like

When people ask how I handle this job... HAHAHA, I don't.

like

How many days a week do you manage to go out? Dinner, drinks or movie with friends etc.

like

How much notice period does your firm require and has anyone quit without giving the full notice period?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal