A 2.5% Savings Account Return

I shared with you in July 2021 about HYSAs (High Yield Savings Accounts). I told you that one of my favorite HYSA was the Marcus account by Goldman Sachs.

Well, I wanted you to know it just got better.

Last year, the APY (annual percentage yield) on the Marcus account was .50%, not too great. Yet it was still better than a lot of the rates out there.

Due to changing market conditions, the Marcus account is now yielding 1.5%, triple what it was last year.

But it gets even better.

If you don’t have an account and someone refers you, like me, we both get an additional 1% for 3 months.

That means we would both get 2.5% for the next 3 months.

But it still gets better.

You can then refer other people to the Marcus account once you have yours — up to 5 people per year. And once you refer them, you and them both get an additional 1% for 3 months which would be 2.5% right now. You could keep this rate just by referring one new person every 3 months. Pretty cool!

The rates on the Marcus account have been rising quickly so the rates on this post may be outdated soon. But you get the idea.

I’m going to share my referral link below so you can get an additional 1% for the next 3 months. Then once you have an account, after the first 3 months, you can share your referral link with a friend and keep the additional 1% going.

Here’s my referral link: https://www.marcus.com/share/STE-AYI-L8RN

Let’s earn more on our savings together!