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  1. Apply for a savings account from Marcus by Goldman Sachs. Choose between an easy access, cash ISA or fixed term account. ... Online Savings Account 4.75% AER/ 4.65% ...

    • What Is A Marcus Online Savings account?
    • How Does A Marcus Online Savings Account Work?
    • 5 Advantages of A Marcus Account
    • 3 Disadvantages of A Marcus Account
    • Opening A Marcus Online Savings Account

    A Marcus online savings account is a bank account that you can open with a minimum deposit of only £1. While the Annual Equivalent Rate (AER) is variable, users can also earn a bonus rate, fixed for the first 12 months. Before opening what is pipped as a ‘high-yield savings account’, it's always crucial to double-check the wider market's rates to e...

    There are several things to know about how a Marcus online savings account works. Firstly, to open a Marcus account, you’ll need to provide your UK current account details. The bank calls this your linked account. You can only take money out of your Marcus account via transfer to your UK linked account. To make a direct deposit into your Marcus sav...

    2. Mobile app

    For many, being able to control their money through an intuitive and easy to use app is highly beneficial. Marcus's app is just that, making managing your cash and keeping an eye on your savings simpler.

    3. Quick to set up

    Often, when it comes to setting up a bank account, there is a lot of paperwork to complete. With Marcus, the online application makes the process far more straightforward. Importantly, if you use the online transfer facility from your linked account, you can start earning interest the day your funds clear, making your money work harder for you.

    4. No time limit

    The easy access nature of this account also means that there are no time limits on how long you have to deposit and lock away your cash. You can make withdrawals whenever you want, which can be crucial when you are living in retirement or nearing the time you are drawing a pension. You most likely do not want to be locking your money away for extended periods.

    2. Current AER

    Interest rates on bank accounts are currently at historic lows, despite the Bank of England starting to raise its base rate. The interest you earn on savings accounts is minimal, so you may want or need to put your money elsewhere if you have to achieve a higher return.

    3. Maximum amount

    Marcus limits the amount of money that you can save within these accounts. You are only allowed to pay in up to £250,000, which may be too low for your needs.

    Opening a savings account with Marcus is a good idea if it fits your investment targets and risk tolerance. Deciding whether it meets your needs is down to weighing up the advantages versus the disadvantages. The most notable disadvantage to Marcus's current savings account is the paltry interest rate offered. However, that is sadly a market-wide p...

  2. Oct 18, 2023 · What does a Marcus savings account offer? Marcus offers two types of account: an easy access variable rate savings account, and a 1 year fixed rate saver. With the variable rate account, you get: 4.60% AER interest (variable) – one of the better rates in the sector, though this is subject to change. Deposits from £1 to £250,000.

  3. Online Savings Account 4.30% AER/ 4.22% gross (variable) Includes a bonus rate of 0.49% gross fixed for the first 12 months

  4. May 16, 2024 · There are no fees with your account – meaning we don’t charge an account fee, and we don’t charge fees to deposit or withdraw your funds. 4. Easy and convenient access to your money. With a Marcus Online Savings Account, you can link accounts, add money, make a withdrawal, schedule transfers, and review your transactions all at the ...

  5. Sep 25, 2024 · The Marcus by Goldman Sachs High-Yield Online Savings Account is one of the best high-yield savings accounts you’ll find. It’s currently paying 4.25% APY on all balances, and Marcus doesn’t ...

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  7. Account: AER: Restrictions: Marcus by Goldman Sachs easy-access savings account: 1.5%: £1 minimum initial deposit. 0.15% 12-month bonus rate. Yorkshire Building Society Single Access Saver: 1.41%: £100 minimum initial deposit. Only one withdrawal per year. Kent Reliance Easy Access Account: 1.37%: £1,000 minimum initial deposit.

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