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Marcus hops to 2.8%

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GeoffF100
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Marcus hops to 2.8%

#568576

Postby GeoffF100 » February 15th, 2023, 3:39 pm

Marcus is now paying 2.8% including the bonus. I cannot say that is a jump from 2.5%, but it is reasonably competitive for unlimited easy access without using an app.

staffordian
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Re: Marcus hops to 2.8%

#568634

Postby staffordian » February 15th, 2023, 8:10 pm

A bit disappointing IMHO.

I have a Co-op current account (a free one, not one of those with a monthly fee) and it comes with a linked saving account. That currently pays 3% and is rising to 3.5% on 2 March.

richlist
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Re: Marcus hops to 2.8%

#568650

Postby richlist » February 15th, 2023, 9:27 pm

Cynergy account goes to 3.11%

forrado
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Re: Marcus hops to 2.8%

#568796

Postby forrado » February 16th, 2023, 2:36 pm

staffordian wrote:A bit disappointing IMHO.

Agreed. Even after a belated boost to 2.8% Marcus (aka Goldman Sachs) continues to lag behind the 3% that US competitor bank Chase (aka JP Morgan) is currently offering UK retail depositors on similar easy access terms. Marcus no longer up there with the deposit taking leaders as they were when entering the UK banking market a couple of years back.

EmptyGlass
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Re: Marcus hops to 2.8%

#568821

Postby EmptyGlass » February 16th, 2023, 4:12 pm

In the US, Goldman Sachs is shrinking & scaling back its Marcus unit.
I would expect Marcus in the UK to be wound down, or sold & subsumed.

Laughton
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Re: Marcus hops to 2.8%

#579129

Postby Laughton » March 28th, 2023, 4:58 pm

And now up to 3% including bonus.


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