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Re: Goldman Sachs entering UK Savings market

Posted: Wed Nov 07, 2018 11:19 am
by expressman33
planteria wrote: and yes they are em.. that doesn't really argue against my point though. are the underlying investments in the Pru bond supporting those returns? do you have a link to the product please?
I took the bond out in 2002 with £25k , didn't do that well over the financial crisis but is now worth over 60k ,

Re: Goldman Sachs entering UK Savings market

Posted: Wed Nov 07, 2018 11:31 am
by planteria
thank you em, interesting. the only thing i have comparable is an LV bond - opened as a bag. 10% of your game though pal.. £2500 worth c£6000. the concept is still that LV could demutualise or be taken out one day (another shame Goldman aren't struggling for traction :mrgreen:) ..as it happens I have a pension with LV now too, after they absorbed Teachers Assurance.

Re: Goldman Sachs entering UK Savings market

Posted: Sun Dec 23, 2018 10:55 pm
by planteria
are Marcus savers covered by the FSCS?

Re: Goldman Sachs entering UK Savings market

Posted: Sun Dec 23, 2018 11:07 pm
by William Joseph1
planteria wrote:
Sun Dec 23, 2018 10:55 pm
are Marcus savers covered by the FSCS?
A few moments searching their T&C found this.

From their terms and conditions
13. How your money is protected
The money you hold in your Marcus account with us is protected under the Financial Services
Compensation Scheme (FSCS).
The FSCS deposit guarantee scheme protects people’s money up to a certain limit. This limit is applied to
the total amount of money you have with both Goldman Sachs International Bank and Marcus by
Goldman Sachs.
You can learn more and check the current limit by reading our FSCS information sheet, visiting our
website or the FSCS website at fscs.org.uk.

Re: Goldman Sachs entering UK Savings market

Posted: Mon Dec 24, 2018 3:12 pm
by AAAlphaThunder
expressman33 wrote:
Wed Nov 07, 2018 10:12 am
planteria wrote:that's interesting too.. it shows, in case it were needed, that so much cash is looking for a home, and also BSs will struggle to use very much of it profitably. all that cash saved at 1.5/1.55% is losing money in real terms, of course :problem:.
The banks are able to invest in a large range of fixed rate bonds and get better rates.

I currently have a bond which has made 6-7% for the last 3 years and is on target to do so again this year
WOW, that's a very good easy return.

Re: Goldman Sachs entering UK Savings market

Posted: Mon Dec 24, 2018 3:42 pm
by Constantine
expressman33 wrote:
Wed Nov 07, 2018 10:12 am

The banks are able to invest in a large range of fixed rate bonds and get better rates.
UK gilt yield are below 1.5%, until you get out to 30 years.
https://www.bloomberg.com/markets/rates ... t-bonds/uk

Everything else comes at a risk. :)

Re: Goldman Sachs entering UK Savings market

Posted: Tue Dec 25, 2018 9:32 am
by planteria
AAAlphaThunder wrote:
Mon Dec 24, 2018 3:12 pm
WOW, that's a very good easy return.
agreed. perhaps a 'Bond' of a different kind ..an Investment Bond? :think:

Re: Goldman Sachs entering UK Savings market

Posted: Tue Dec 25, 2018 10:24 am
by Sarah
Marcus are now advertising to attract new customers - hopefully a step closer to offering incentives!

Re: Goldman Sachs entering UK Savings market

Posted: Tue Dec 25, 2018 1:13 pm
by planteria
agreed Sarah.. but the best rate the in the market will be deemed enough, i suspect.

Re: Goldman Sachs entering UK Savings market

Posted: Mon Dec 31, 2018 3:56 pm
by planteria
i clocked one of their TV ads the other night Sarah.. any sign of any incentives? i'm looking at opening an account from tomorrow..