Goldman Sachs entering UK Savings market

Money, investing, mutuals etc
AAAlphaThunder
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Re: Goldman Sachs entering UK Savings market

Post by AAAlphaThunder » Mon Jun 15 2020 7:47pm

Sarah wrote:
Mon Jun 15 2020 6:20pm
Marcus have a 1 Year fixed rate (1.00%) available now instead of the easy access account.

NS&I Direct Saver pays the same, so could be a better option if you need that type of account.
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Sarah
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Re: Goldman Sachs entering UK Savings market

Post by Sarah » Fri Sep 25 2020 8:34am

Marcus are dropping their easy access interest rate again on 12 October 2020.

It will be reduced from 1.05% to 0.70%.

planteria
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Re: Goldman Sachs entering UK Savings market

Post by planteria » Fri Sep 25 2020 10:01am

i'm long gone from Marcus.. i can't see why anyone would continue with them now.

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Re: Goldman Sachs entering UK Savings market

Post by Sarah » Fri Mar 26 2021 1:51pm

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

This nevertheless still makes it the highest paying conventional easy access savings account available to new customers, according to current MSE listings (also matched by RCI Bank's Freedom Savings Account paying the same 0.40% rate).
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planteria
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Re: Goldman Sachs entering UK Savings market

Post by planteria » Fri Mar 26 2021 7:45pm

if that's the best available, play a different game.
such as Bitcoin generating 6%.
or Pounds with local Co-op generating 2.25%.
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Re: Goldman Sachs entering UK Savings market

Post by Luke_PieStalker » Mon Mar 29 2021 6:05pm

What are you all doing with your savings out of interest?

planteria
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Re: Goldman Sachs entering UK Savings market

Post by planteria » Tue Mar 30 2021 12:21am

not leaving them in 'Savings' is the key LPS..
investing in equities, investing in funds, stashing in Bitcoin, a little bit in cash with local Co-ops.

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