Goldman Sachs entering UK Savings market

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Sarah
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Re: Goldman Sachs entering UK Savings market

Postby Sarah » Fri Mar 26, 2021 2:05 pm

Marcus dropped their interest rate to 0.50% on 11 December 2020 and it will decrease further to 0.40% from 1 April 2021.

planteria
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Re: Goldman Sachs entering UK Savings market

Postby planteria » Sat Mar 27, 2021 10:38 am

not worth bothering, with better options available.

Sarah
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Re: Goldman Sachs entering UK Savings market

Postby Sarah » Fri Jul 02, 2021 3:49 pm

Well, I guess every little helps...

Marcus wrote:There’s currently a 12-month fixed bonus of 0.10% gross available on our Online Savings Account. There's no need to open a new account. You can simply add the bonus to your existing account.

You can add this bonus rate to your account by following the steps below.

About the bonus rate

• You’ll start earning interest on the new rate immediately after you add it to your account.
• Once the 12 months is up, the bonus rate will end and you’ll return to earning interest at the underlying rate, which is variable.
• You can renew the bonus on your account at any time, as long as there is a bonus rate available.

How to add a bonus to your account

1. Log into your Marcus account at marcus.co.uk.
2. Select 'View' next to your Online Savings Account to display your account activity.
3. Scroll down, then select ‘Review your savings’ under ‘Bonus rates’.

You’ll need to log in using a web browser, as you won’t be able to renew the bonus using our app.


Just done this, it makes their rate 0.50%... which is better than some! :lol:

Sarah
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Re: Goldman Sachs entering UK Savings market

Postby Sarah » Wed Sep 29, 2021 5:11 pm

Marcus online savings account interest rate just went up to 0.60% AER/gross, including the 0.10% bonus for new and existing customers. Saga is also a Goldman Sachs brand paying the same rate.

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Re: Goldman Sachs entering UK Savings market

Postby Sarah » Fri Apr 08, 2022 7:31 am

The interest rate has now climbed back to 1.00% (including bonus).

Sarah
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Re: Goldman Sachs entering UK Savings market

Postby Sarah » Thu May 19, 2022 2:28 pm

New underlying interest rate
1.05% AER/1.04% gross* (variable)


Not including 0.10% bonus.

Sarah
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Re: Goldman Sachs entering UK Savings market

Postby Sarah » Thu Jun 09, 2022 9:43 pm

Marcus bonus rate now increased to 0.25% making their overall interest rate 1.30% during the bonus period (which isn't limited to new customers; existing customers can also activate the bonus).

Sarah
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Re: Goldman Sachs entering UK Savings market

Postby Sarah » Wed Aug 03, 2022 12:38 pm

New underlying interest rate
1.25% AER/1.24% gross* (variable)


Not including 0.25% bonus.

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Re: Goldman Sachs entering UK Savings market

Postby Sarah » Thu Sep 22, 2022 12:19 pm

New underlying interest rate
1.55% AER/1.54% gross* (variable)


Not including 0.25% bonus.


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