Goldman Sachs tops the savings charts with Marcus launch in UK

Goldman Sachs tops the savings charts with Marcus launch in UK

Goldman Sachs has officially rolled out its easy access online savings account Marcus in the UK, providing long-suffering savers with a market-beating 1.50% interest rate.

Marcus was first launched in the US in 2016, providing ordinary Americans with an online lending and savings platform as part of a concerted effort by the giant Wall Street broker to diversify into retail services.

Now available to UK residents over the age of 18, savers can deposit from £1 to £250,000 - and withdraw their money as many times as they like, with no fees or charges. The account is managed online, but telephone support is available from a UK-based specialist customer care team week-days from 8am to 8pm.

Des McDaid, managing director at Marcus by Goldman Sachs says: “Over the last decade savers have been on the wrong end of low interest rates. We’ve spoken in-depth to people across the country and there is a real disillusionment about savings - while most UK adults are diligently trying to save every month, some do not even have a savings account, with low interest rates and complexity being put to blame.

“We want to reverse the trend - literally putting the interest back into savings and make saving worthwhile again."

Comments: (1)

A Finextra member
A Finextra member 27 September, 2018, 10:44Be the first to give this comment the thumbs up 0 likes

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