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Marcus hops to 2.8%
Posted: February 15th, 2023, 3:39 pm
by GeoffF100
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.
Re: Marcus hops to 2.8%
Posted: February 15th, 2023, 8:10 pm
by staffordian
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.
Re: Marcus hops to 2.8%
Posted: February 15th, 2023, 9:27 pm
by richlist
Cynergy account goes to 3.11%
Re: Marcus hops to 2.8%
Posted: February 16th, 2023, 2:36 pm
by forrado
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.
Re: Marcus hops to 2.8%
Posted: February 16th, 2023, 4:12 pm
by EmptyGlass
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.
Re: Marcus hops to 2.8%
Posted: March 28th, 2023, 4:58 pm
by Laughton
And now up to 3% including bonus.