Goldman Sachs entering UK Savings market

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planteria
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Goldman Sachs entering UK Savings market

Postby planteria » Sun Sep 23, 2018 3:25 pm

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."

planteria
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Re: Goldman Sachs entering UK Savings market

Postby planteria » Sun Mar 10, 2019 11:48 am

i'm now using GS for my 'Loan Stoozepot' - linked to ClubLloyds so a chunk at 1.5%.

Sarah
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Re: Goldman Sachs entering UK Savings market

Postby Sarah » Mon Sep 23, 2019 8:56 am


planteria
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Re: Goldman Sachs entering UK Savings market

Postby planteria » Tue Sep 24, 2019 12:19 pm

yes, as discussed elsewhere.. it's all about how competitive they are.
i still have a marcus account, but there's very little in my account as i've pushed funds into Midlands Co-ops.

Sarah
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Re: Goldman Sachs entering UK Savings market

Postby Sarah » Tue Jan 07, 2020 7:40 pm

Marcus savings interest rate is now down to 1.35% for new customers; they appear to have discontinued the 0.10% bonus. I gave up waiting for a better incentive and joined last month, so still have 11 months bonus remaining, however it's another little squeeze on savers.

planteria
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Re: Goldman Sachs entering UK Savings market

Postby planteria » Tue Jan 07, 2020 9:39 pm

yes my 0.15% bonus is ending about now..
i only have c£100 with them nowadays.
local Co-ops paying 2.25% and 2%.

planteria
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Re: Goldman Sachs entering UK Savings market

Postby planteria » Sun Apr 19, 2020 11:38 am

fwiw i closed my Marcus account a few weeks ago.
they were very professional on the way out, i'll give them that.

Sarah
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Re: Goldman Sachs entering UK Savings market

Postby Sarah » Sun Apr 19, 2020 7:19 pm

Their existing customer rate drops to 1.20% on 7 May (already dropped for new customers). I still have the 0.10% bonus until the end of the year too, so I'll decide whether to keep or close it after that. They're still competitive at the moment.


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