More good news for savers as Marcus raises its rates again

Date:


More good news for savers as Marcus raises its rates again to 1.5% for its online savings and cash Isa accounts

Marcus by Goldman Sachs is boosting savings account rates for the fifth time this year.

From today, the interest rate on its Online Savings Account and Cash Isa will rise from 1.3 per cent to a competitive 1.5 per cent.

This is the best cash Isa deal on the market and among the top easy-access savings offers. Existing customers will automatically get the new deal.

Rising rates: Existing customers will automatically get the new deal

Rising rates: Existing customers will automatically get the new deal

Both accounts also include a 12-month fixed-rate bonus of 0.25 per cent, which has not changed since it was raised in June.

Marcus is also increasing the interest rate on its 1 Year Fixed Rate Saver from 2 per cent to 2.2 per cent.

To open an account, customers need just £1 and can save up to £250,000. You can save up to £20,000 into an Isa each year.

Last month, Money Mail revealed how Britain’s biggest High Street banks are betraying savers by stubbornly keeping rates at rock-bottom.

The worst offender was Barclays which pays customers with its easy-access account just 0.01 pc — or a miserly 10p for every £1,000 saved.

A Marcus spokesman says: ‘We are committed to offering competitive interest rates to our customers.’

h.kelly@dailymail.co.uk

Savings accounts

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

Kansas City Chiefs bounce back for statement win over Tampa Bay Buccaneers

TAMPA — It didn’t make up for what...

NFL scores from Week 4: Recapping all of the best action

The Kansas City Chiefs returned to Raymond James Stadium...

HARDY hospitalized with 'significant injuries' after tour bus flips over

Marcus K. DowlingSinger-songwriter HARDY was hospitalized after the tour...