Goldman Sachs entering UK Savings market

[planteria]

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."

[planteria]

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

https://www.marcus.co.uk/uk/en

[Constantine]

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

[planteria]

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

did you find the process straightforward Constantine?

[expressman33]

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

[planteria]

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

[planteria]

elsewhere people are singing the praises of the opening process and easy access via Marcus .

[RonFlorabud]

I found the process one of the simplest.
All seems good so far.

[Snuff]

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

[planteria]

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