Marcus by Goldman Sachs in the UK

Marcus by Goldman Sachs in the UK

Marcus by Goldman Sachs in the UK

The FINANCIAL -- LONDON, 27 September 2018 — Marcus by Goldman Sachs has launched today in the UK with an easy-access savings account. The new online bank intends to offer savers a consistently competitive interest rate, which starts today at 1.50% AER.

Created with customers at its heart, an account with Marcus is transparent, secure, and easy-to-use. Available to UK residents over the age of 18, savers can deposit from £1 to £250,000 – and withdraw their money as many times as they like, with no fees or charges.

Marcus combines Goldman Sachs’ 149-years of financial expertise and risk management with great customer service and the innovation and approach of an agile tech company to help customers manage their money easily and effectively. Marcus has been available in the US since 2016.

Speaking about the launch, Des McDaid, Managing Director at Marcus by Goldman Sachs said: “Over the last decade savers have been on the wrong end of low interest rates. We’ve spoken in-depth to people across the country and there is a real disillusionment about savings – while most UK adults are diligently trying to save every month, some do not even have a savings account, with low interest rates and complexity being put to blame.