Replace 2/3/23: Right this moment an electronic mail went out clarifying that the problem talked about under was a technical error.

Replace 2/1/23: Lots of people obtained an electronic mail as we speak stating that they’re ineligible for this promo, regardless of their having enrolled and met all the necessities. A number of readers have confirmed with Marcus that this electronic mail was despatched out in error, so assuming you probably did every thing proper you need to be good to go. Presumably they’ll ship follow-up correspondence confirming this within the coming days.

Provide at a look

• Max Bonus Quantity: $100
• Direct Deposit Required: No
• Further Necessities: $10,000 deposit (new funds)
• Laborious/Tender Pull: Tender pull
• Credit score Card Funding: None
• Month-to-month Charges: None
• Availability: Nationwide, new or present customers
• Expiration Date: enroll by February 15, 2023 and fund inside 10 days
• Insured: FDIC

The Provide

Direct Hyperlink to supply

• New or present Marcus by Goldman Sachs prospects can enroll to be eligible for $100 bonus when depositing $10,000 in new funds inside 10 days of enrollment and sustaining these funds plus your present steadiness for 90 consecutive days after the enrollment interval.

You need to enroll first. Don’t enroll till you might be able to fund because you solely get 10 days to fund ranging from enrollment date.

The Advantageous Print

• Provide legitimate from 1/18/23 to 2/15/23 (“the Provide Interval”).
• To qualify for the $100 Money Bonus (the “Provide”), you will need to enroll a Marcus On-line Financial savings Account (“Account”) on this Provide at https://www.marcus.com/us/en/financial savings/osa-savingsbonus or by calling Marcus at 1-855-730-SAVE (1-855-730-7283) by 11:59 pm ET on 2/15/23. Upon profitable enrollment, you’ll obtain a affirmation of your enrollment by way of electronic mail or U.S. mail.
• After enrolling, you will need to deposit $10,000 or extra in new funds from an exterior account into your Account inside 10 calendar days of enrollment (the “Funding Interval”). The Account steadiness plus a minimal of $10,000 in new funds (the “Required Greenback Quantity”) should be maintained in your Account for 90 consecutive days from the top of the Funding Interval. The Account steadiness relies on the beginning present steadiness mirrored in your account at 12 am ET the day you enroll. As soon as the Funding Interval has ended, your Account steadiness could not drop under the Required Greenback Quantity at any level till after the 90 consecutive days have handed. You could make a number of deposits inside the Funding Interval to achieve the Required Greenback Quantity. Inner transfers don’t depend for functions of this Provide.
• In the event you select to enroll a distinct Marcus On-line Financial savings Account on this Provide, you will need to deposit $10,000 or extra in new funds from an exterior account into the newly enrolled Account inside 10 calendar days of enrollment on this Provide, even when you reached the Required Greenback Quantity in a beforehand enrolled account.
• The $100 bonus shall be deposited into your enrolled Account inside 14 calendar days after fulfilling the above necessities. To obtain your bonus, your Account should be open and in good standing on the time the bonus is deposited in your Account. The bonus shall be handled as curiosity for tax reporting functions.
• Provide accessible to new and present prospects. Every buyer is proscribed to at least one money bonus underneath this Provide. This Provide can solely be utilized as soon as to an account. If an Account has a number of house owners, the Account is proscribed to being enrolled for this Provide underneath solely one of many Account house owners and receiving just one money bonus. Remaining Account house owners could also be eligible to make use of one other eligible Account to enroll on this Provide. This Provide could also be mixed with different promotional provides accessible to Marcus On-line Financial savings Account prospects.
• We reserve the fitting to change or revoke this Provide at any time with out discover. If we decide that you’ve got engaged in or plan to interact in abuse or gaming in reference to this Provide, you’ll not be eligible for this Provide.

Our Verdict

Marcus provided an analogous deal in March 2019, then in January 2020, then in January 2021, then in January 2022, and now in January 2023. In addition they provided a $500 deal in July 2019. It’s value holding a Marcus account because the bonuses all appear to be for brand new or present prospects.

Locking up $10,000 for 90 days and getting $100 is a APY of roughly 4%, added to their common 3.30% APY rate of interest – on the time of this writing – for a complete 7.30% return. See Finest Financial savings Charges for comparability. Fairly good supply, particularly if you have already got a Marcus account open. I plan on doing this one. We’ll add this to our checklist of Finest Financial institution Bonuses. 

You may all the time get an additional .10% APY from Marcus in case you are an AARP member, and new Marcus members can join with a referral hyperlink and get an additional .50% APY for 3 months for a complete 1.00% APY; that stacks properly with the $100 bonus (this will stack on prime of the AARP deal as properly for 1.10% APY). Don’t go away your referral hyperlink within the feedback under, you possibly can discover hyperlinks on this devoted put up (now closed to new feedback).

Hat tip to reader NDrew