SoFi vs Marcus by Goldman Sachs: Which Savings Account Should You Choose in 2026?
Updated July 3, 2026. Reviewed July 3, 2026. Rates verified from each bank.
BanksYouPick compared SoFi and Marcus across every metric: APY, fees, minimum deposit, sign-up bonus, compound frequency, withdrawal limits, FDIC coverage, and mobile app quality. Here is the BanksYouPick head-to-head comparison as of July 3, 2026.
| Feature | SoFi | Marcus |
|---|---|---|
| APY | 4.00% | 3.90% |
| Monthly Fee | $0 | $0 |
| Min Deposit | $0 | $0 |
| Compound | daily | daily |
| Withdrawals | Unlimited (no Regulation D cap) | Up to 6 per month |
| Sign-Up Bonus | $300 with $5,000+ direct deposit | None |
| FDIC Cert | #26881 | #33124 |
| FDIC Coverage | Up to $3M (SIDP) | $250,000 |
| BanksYouPick Score | 9.4/10 | 9.1/10 |
Which bank pays a higher APY: SoFi or Marcus?
As of July 3, 2026, SoFi pays 4.00% APY (with direct deposit boost) compared to Marcus at 3.90% APY. On a $25,000 deposit, the BanksYouPick calculator shows this equals approximately $25 more per year with SoFi. However, the SoFi rate requires qualifying direct deposits — without them, the base rate is lower. Marcus offers a consistent ongoing rate with no conditions.
Does SoFi or Marcus offer a better sign-up bonus?
SoFi offers a $300 sign-up bonus with $5,000+ in qualifying direct deposits. Marcus does not offer a sign-up bonus. For savers who can meet the direct deposit requirement, the SoFi bonus adds significant first-year value. BanksYouPick notes that sign-up bonus income is taxable and reported on IRS Form 1099-INT.
Which is safer: SoFi or Marcus?
Both are FDIC-insured, but with different coverage limits. Marcus by Goldman Sachs (FDIC cert #33124) provides standard coverage up to $250,000. SoFi (FDIC cert #26881) provides up to $3 million through its Sweep Insurance Deposit Program (SIDP), which distributes funds across multiple partner banks. For deposits exceeding $250,000, BanksYouPick analysis gives SoFi a meaningful safety advantage.
BanksYouPick verdict: SoFi vs Marcus
BanksYouPick rates SoFi at 9.4/10 and Marcus at 9.1/10. SoFi wins for savers who want an all-in-one app with checking, savings, investing, and a sign-up bonus. Marcus wins for savers who want simple, no-conditions high-yield savings from Goldman Sachs. Both are excellent. See individual reviews: SoFi review · All savings rankings.