Forum Thread

Goldman Sachs opens to the masses - Savings Acct pays 1.05%, Zero Fees

itengineer 566 136 April 24, 2016 at 04:35 PM in Finance (2)
Deal
Score
-23
8,638 Views
Get Deal

Thread Details

Get a prestigious Goldman Sachs Account. Now you can be part of the 1%CoolBig Grin

https://www.gsbank.com/savings-pr...l?prod=SAV


Online Savings Features

No minimum deposit to open
No transaction fees
Customer deposit limits apply
Multiple ways to access your money
Interest compounded daily, paid monthly
Rate is variable and may change after the Account is opened
Six withdrawal limit per statement cycle
FDIC insurance up to the maximum allowed by law
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.

Community Wiki

Last Edited by andyk April 24, 2016 at 05:00 PM
Compared to Barclays, you get $50 more per year for every $100k.


Barclays Online Savings is 1.00%
https://www.banking.barclaysus.co...vings.html

Amex Personal Savings is 0.90%
https://personalsavings.americane.../home.html
Want more deals like this? Create a deal alert for Finance. Add Deal Alert for Finance

46 Comments

1 2 3 4

Sign up for a Slickdeals account to remove this ad.

#3
Guess the gubernment trough closed so now it's off to fleece the sheople directly.
Reply Helpful Comment? 3 3
#4
Wow a whole percent plenty of other banks are already offering this. Delete this crap
Reply Helpful Comment? 3 1
#5
Anyone remember x.com and their 5% savings accounts during the dotcom boom? Anyway, this is a good deal...
Reply Helpful Comment? 1 1
#6
Who the hell get excited about a GS savings account that pays 1.05%?

If you really have a large amount of savings, invest or long-term CD.
Reply Helpful Comment? 0 0
#7
Ally has offered 1% for years. Always free. Their checking account is even .10% and you get $10 in atm fees covered a month on top of the ATMs covered
Reply Helpful Comment? 0 0
Joined Oct 2013
Bigger IS better! ;)
1,031 Posts
1,884 Reputation
Pro
#8
I wouldn't say putting money into a GS Bank savings account is investing like the 1% LMAO

GS bought GE Capital for it's $16 billion in deposits, and will have their telemarketers working overtime on you!

This is one of the best savings rates out there though for a short term stash, or to ride out the coming volatility. Only downside id 250k per individual at these rates.
Reply Helpful Comment? 2 1
Last edited by XXXtreme April 24, 2016 at 06:08 PM
#9
Might as well give your money to Hillary.
Reply Helpful Comment? 3 2

Sign up for a Slickdeals account to remove this ad.

Joined Oct 2007
I'm frugal, not cheap
1,332 Posts
912 Reputation
#10
You are punished for saving in these low interest times. Keep enough for 3-6 months of expenses and use the rest to pay any interest paying loans you have higher than 1%. If you are free and clear, invest it in something that earns more, which is basically anything, more then that depending on your risk tolerance.
Reply Helpful Comment? 3 1
#11
there is no gs debit card or anything you can show others about the gs account
Reply Helpful Comment? 0 1
#12
Having to bail them out once, pretty stupid, voluntarily giving money to these asswipes, mindless.
Reply Helpful Comment? 3 3
#13
Quote from cheapassdude View Post :
Wow a whole percent plenty of other banks are already offering this. Delete this crap
Yes, agreed. I think I'll stick to my CU, no withdrawal limits, nice interface & maximum ACH linkage.
Reply Helpful Comment? 0 0
#14
Quote from JackBurton View Post :
You are punished for saving in these low interest times. Keep enough for 3-6 months of expenses and use the rest to pay any interest paying loans you have higher than 1%. If you are free and clear, invest it in something that earns more, which is basically anything, more then that depending on your risk tolerance.
Cash is King & 3-6mo of expenses isn't a whole lot of buffer in 2016 Suze Orman.
Reply Helpful Comment? 1 1
Joined Oct 2007
I'm frugal, not cheap
1,332 Posts
912 Reputation
#15
Quote from SimcoeHops View Post :
Cash is King & 3-6mo of expenses isn't a whole lot of buffer in 2016 Suze Orman.
3-6 months of expenses for me equals to utlities, food, and a 15 mortgage payment. Cash laying around doing nothing is lost opportunity costs, never mind inflation eating at it, even at these levels.
Reply Helpful Comment? 0 0
Page 1 of 4
1 2 3 4
Join the Conversation
Add a Comment
 
Copyright 1999 - 2016. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard