Goldman Sachs review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Goldman Sachs covers two money jobs: an easy-access savings account paying a variable 3.5% rate, and a credit card paying daily cashback at an annual fee of $0. It suits savers who want quick access to their money and card customers who spend abroad, though the savings rate is not locked to a term.
Key facts
- Best for
- Easy-access savings at 3.5% with a card that costs $0 to hold.
- Annual fee
- $0↗
- Currency conversion fee
- 0%↗
- Rewards type
- Cashback↗
- Rewards rate
- Unlimited Daily Cash back↗
- Perks
- Daily Cash↗
- Card kind
- Credit↗
- Regulators
- SIPC↗
- Legal entity
- The Goldman Sachs Group, Inc.↗
- Headquarters
- United States↗
- Founded
- 1869↗
- Support channels
- Phone, Chat, Help-centre↗
- Pricing model
- No annual fee
- Features
- Rewards
- Official website
- goldmansachs.com
Savings
Brokers
- Investor protection
- SIPC up to USD 500,000↗
Facts checked September 26, 2026, 7 sources
Pros and cons
Pros
- The card has an annual fee of $0 and a currency conversion fee of 0%.
- Rewards are paid as cashback, with Unlimited Daily Cash back on spending.
- The savings account pays 3.5% with a monthly fee of $0 and a minimum deposit of $0.
Cons
- The savings rate is variable, so the 3.5% headline is not locked to a term.
- Support runs on phone, chat and help centre, and email is not part of that set.
- The card is a credit card, so a balance has to be repaid each month rather than cleared from deposit money.
Who it suits
- Savers who want a variable rate on deposits they can reach whenever they choose.
- Card customers who want daily cashback without paying an annual fee.
- People who want savings and card rewards from a group founded in 1869 and headquartered in the United States.
Who should look elsewhere
- bunq, for euro account holders, since the savings side here pays 3.5% and holds US dollars.
- Wise, for people who want a multi-currency account rather than one easy access savings product.
- Starling Personal Account Debit Card, for anyone who wants a debit card rather than the credit card listed here.
How Goldman Sachs compares
- 9.2 vs 8.6
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9.2 vs 8.8- 9.2 vs 8.8
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9.2 vs 8.0- 9.2 vs 8.0
9.2 vs 9.1
Where Goldman Sachs is available
- Available
- United States
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does the Goldman Sachs savings account pay?+
The savings account pays a variable rate of 3.5%, structured as an easy access account rather than a fixed term product. Because the rate type is variable, the headline figure can move with the market instead of staying fixed for a set period.
What does it cost to open and run the savings account?+
There is a monthly fee of $0 and a minimum deposit of $0, so the account can be opened and funded at no cost. Holding money here costs the interest it earns rather than any charge for keeping the balance.
Is the money in my account protected?+
Cash held in the savings account carries FDIC up to USD 250,000, so balances up to the stated limit sit with the deposit insurer. Investment accounts under the same group carry SIPC up to USD 500,000 instead, which covers investments rather than cash savings.
Is the credit card free to hold?+
The card is a credit card with an annual fee of $0 and no monthly charge, so carrying it costs nothing beyond any interest-free period you use. Rewards are paid as cashback rather than points or miles, which fits everyday spending.
What do I earn for spending on the card?+
Card spend earns Unlimited Daily Cash back, listed alongside Daily Cash as the card's main perk, and the rewards type is cashback. Cashback of this kind suits people who would rather take the value as money than convert it into points or miles.
What does it cost to spend in another currency?+
The currency conversion fee is 0%, so card spending abroad adds nothing to the purchase price. With the annual fee also at $0, this is a low-cost way to pay in a foreign currency.
How can I reach support?+
Support runs on phone, chat and help centre, so help is available by phone, live chat and a help centre. Email is not part of that set, which suits people who would rather talk or chat than put a question in writing.
Sources
- sipc.org/list-of-members checked September 26, 2026
Backs: Investor protection, Regulators
- en.wikipedia.org/wiki/Goldman_Sachs checked September 26, 2026
Backs: Headquarters, Legal entity
“Goldman Sachs headquartered in New York”
- apple.com/apple-card checked September 26, 2026
Backs: Annual fee, Card kind, Features, Currency conversion fee, Pricing model, Perks, Rewards rate, Rewards type
“Apple Card doesn't have any fees. No annual - Apple Card”
- goldmansachs.com checked September 26, 2026
Backs: Founded
“157 Years of Excellence - Goldman Sachs”
- marcus.com/us/en/savings checked September 26, 2026
Backs: Access terms, Headline rate, Minimum deposit, 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
- marcus.com/us/en/savings/referrals checked September 26, 2026
Backs: Account kind, Rate type
“Unlimited access to funds.”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: APR.