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Goldman Sachs entering UK Savings market

Posted: Sun Sep 23 2018 3:19pm
by 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."

Re: Goldman Sachs entering UK Savings market

Posted: Sat Sep 29 2018 4:01pm
by planteria
1.5% for the first 12 months.. it's good, in fairness:

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

Re: Goldman Sachs entering UK Savings market

Posted: Sat Sep 29 2018 4:17pm
by Constantine
I opened my Marcus account yesterday. 1.5% is 1.5%. :}

Re: Goldman Sachs entering UK Savings market

Posted: Sat Sep 29 2018 4:43pm
by planteria
it certainly is. i currently have the bulk of my cash with POBOS at 1.33%.

did you find the process straightforward Constantine?

Re: Goldman Sachs entering UK Savings market

Posted: Wed Oct 03 2018 11:49am
by expressman33
I've recently gone with Secure Trust Bank 90 day notice paying 1.76% https://www.securetrustbank.com/persona ... e-accounts

Re: Goldman Sachs entering UK Savings market

Posted: Wed Oct 03 2018 6:39pm
by planteria
that's handy too.. i might have a slice of that in early January if it's still around :thumbup:.

Re: Goldman Sachs entering UK Savings market

Posted: Thu Oct 11 2018 11:05am
by planteria
elsewhere people are singing the praises of the opening process and easy access via Marcus :thumbup:.

Re: Goldman Sachs entering UK Savings market

Posted: Fri Oct 12 2018 3:13pm
by RonFlorabud
I found the process one of the simplest.
All seems good so far.

Re: Goldman Sachs entering UK Savings market

Posted: Fri Oct 12 2018 3:49pm
by 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

Re: Goldman Sachs entering UK Savings market

Posted: Fri Oct 12 2018 4:15pm
by planteria
good RonF.. and oh yes, this thread has taken an unexpected route