marcus 1% refer a friend

Earn up to 5.4%, risk free and liquid, with a Marcus referral bonus.

For a while, Marcus (an online savings account by Goldman Sachs) has been offering a rate bump for three months when you refer someone to Marcus.

The current APY is 4.4%.

With this Marcus new refer a friend offer, though, you’ll earn an extra 1.0% on your rate for 3 months, and so will your friend. Of course the value of this depends on how much you each have in savings. At the max $250,000 for FDIC, you’d each earn an extra $625 per 3 months.

That said, there may be other banks that offer a higher base rate than Marcus – like over 5%. The below rates change from time to time, but when one or more are higher than Marcus, why take less? I’d personally rather “set and forget” at higher rate.



That makes it as good or better than the Marcus offer with the referral offer, but not limited to just three months!

Note: Your referral cannot have had a Marcus savings or CD product in the last 12 months to qualify as new.

(And yes, while it’s not miles related, there is a ton of overlap between miles and personal finance and I do like to alert readers to these opportunities!)

To refer a friend, you can just sign into your Marcus account and look for the referral center to generate a link. You can refer up to 5 people per calendar year.

Recap on Marcus Refer-a-Friend:

If you are new, you can earn 1% over the normal rate for 3 months (which as of now is 4.4% – increased to 5.4%), by using my referral link. You can also stack AARP on top for an extra 0.10% yield bump, though that only lasts for two years.

However, as noted above, since it’s only for 3 months, you may be better suited with an account that has a higher standard rate that will outlive your 3 month bonus. 


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You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards

New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.



  1. Maybe my math is bad but isn’t an extra 1% on 250k for 3 months equal to $625? 250k x .01 = $2,500.00. $2,500.00/4=$625. The story has the amount at $833.00.


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