Marcus by Goldman Sachs

Marcus is Goldman Sachs' digital-only savings bank focused on competitive rates and transparency. It offers high-yield savings accounts with no minimum deposit, no monthly fees, and rates that consistently rank among the highest available. You can also open CDs with flexible terms and the same no-fee structure, plus there's a money market account option.

Best for students who want a straightforward savings vehicle separate from checking. If you're building an emergency fund or saving for a specific goal (spring break, summer move, first semester books), Marcus' hands-off approach and strong APY mean your money works harder without hidden charges. The lack of physical branches is actually an advantage for students who rarely need in-person banking.