anybody using GS Marcus to park cash?

S

stockmarketbeginner

Hello,

I was looking at rates for interest accounts and CDs. It seems like Goldman Sachs' Marcus has good rates and low minimum cash requirements on both:

https://www.bankrate.com/banking/savings/rates/

I was thinking you could use that to park trading money until you had a stock you wanted to buy. You could also buy a 1-year CD and get 2%.

I'm not sure what the customer experience is like, so I was seeing if anybody around here has experience with Marcus.

Investment banks got in trouble for using client savings money for speculative investing. But these are FDIC insured, so I think they are ok.
 
I rather park money at IB, buy UST bills 1 or 2 years out and then buy the stock when I find it. No need to wire cash around and lose valuable time
 
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