Goldman Sachs entering UK Savings market

Money, investing, mutuals etc

Goldman Sachs entering UK Savings market

Postby planteria » Sun Sep 23, 2018 2:19 pm

https://www.bbc.co.uk/news/business-45599096

"The bank also says it is "aiming to offer UK savers a consistently competitive interest rate".

But all that is just pre-promotion. When the bank's first savings account launches next week it will succeed or fail purely on the interest rate it offers.

When a pilot account was launched to staff last month, the rate offered was 1.5%.

If the same rate is offered to the public, that will be enough to catapult it to the top of the best-buy tables, ensuring instant demand from savers."

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Re: Goldman Sachs entering UK Savings market

Postby planteria » Sat Sep 29, 2018 3:01 pm

1.5% for the first 12 months.. it's good, in fairness:

https://www.marcus.co.uk/uk/en
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Re: Goldman Sachs entering UK Savings market

Postby Constantine » Sat Sep 29, 2018 3:17 pm

I opened my Marcus account yesterday. 1.5% is 1.5%. :}

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Re: Goldman Sachs entering UK Savings market

Postby planteria » Sat Sep 29, 2018 3:43 pm

it certainly is. i currently have the bulk of my cash with POBOS at 1.33%.

did you find the process straightforward Constantine?
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Re: Goldman Sachs entering UK Savings market

Postby expressman33 » Wed Oct 03, 2018 10:49 am

I've recently gone with Secure Trust Bank 90 day notice paying 1.76% https://www.securetrustbank.com/persona ... e-accounts

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Re: Goldman Sachs entering UK Savings market

Postby planteria » Wed Oct 03, 2018 5:39 pm

that's handy too.. i might have a slice of that in early January if it's still around :thumbup:.

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Re: Goldman Sachs entering UK Savings market

Postby planteria » Thu Oct 11, 2018 10:05 am

elsewhere people are singing the praises of the opening process and easy access via Marcus :thumbup:.
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Re: Goldman Sachs entering UK Savings market

Postby RonFlorabud » Fri Oct 12, 2018 2:13 pm

I found the process one of the simplest.
All seems good so far.
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Re: Goldman Sachs entering UK Savings market

Postby Snuff » Fri Oct 12, 2018 2:49 pm

I make more money from financial incentives from credit cards than I do on my 45K plus savings Until I learned about options strangles where you can buy to buy or to sell at the same time after a few weeks my LNG strangle made a large profit which I put back into a now risk free plan Been doing that for 6 years my £500 buy call £500 sell PUT on low interest out of the money low cost contracts regularly brings in 25% or more a month THAT IS WHY banks want to offer your derisory interest on your money Learn all you can about options George Soros uses them and he is quite well off. Put your uninhibited profits in the Cayman Islands and there is no tax to pay Like M Thatcher
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Re: Goldman Sachs entering UK Savings market

Postby planteria » Fri Oct 12, 2018 3:15 pm

good RonF.. and oh yes, this thread has taken an unexpected route
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