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Marcus is live!
Comments
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Anyone got an idea how long this 1.5% offer will be on for?
My Birmingham & Midshires regular saver matures end of November (which is still paying me a nice 1.44% interest a month), or I might just go ahead & open this now ready anyway
Front page of their website statesWith a variable rate of 1.50% AER*, which includes a bonus rate of 0.15% gross† for the first 12 months.
So, a fixed bonus of just 0.15% but the rest variable with no time-scale and no guarantee.0 -
Anyone got an idea how long this 1.5% offer will be on for?
My Birmingham & Midshires regular saver matures end of November (which is still paying me a nice 1.44% interest a month), or I might just go ahead & open this now ready anyway
Are you sure the BM account is a 'regular saver' that has a maturity date? I have a BM internet saver paying that rate but it is just an easy-access saver and the bonus rate ends after 12 months rather than matures.
If I were you , I'd get the account now because they may withdraw it or drop the rate for new applications - as BM did.
Don't fully understand all the hoo haa and nay-saying about this product. It's an easy access savings account (which seems to use faster payments) and it has a 1.5% rate at the moment which includes a 12 month bonus. Where is the problem with that?
If the underlying rate drops and it becomes uncompetitive just switch elsewhere. Same applies when the bonus rate ends.0 -
I have just opened my account
It was simple quick and easy
Did not need or receive a text to open or verify just used my email address (which arrived in seconds)
1st impressions - nice clear and simple website
Just the way banking web sites should be i might add0 -
murphydavid wrote: »I thought the lite account did not pay interest? So with full 123 the £4/£5 is balanced by cashback then you get 1.5% interest on your balance.
It doesnt. The point is the £4 isnt worth the 1.5%
You can get a better deal elsewhere0 -
AnotherJoe wrote: »Exactly. So that posters comment was incorrect.
Nope. You're now making up things.
I said it gets same cashback. This is true. Ive not said interest. You're effectively paying £4 for the interest. Its a rip off0 -
Terry_Towelling wrote: »Are you sure the BM account is a 'regular saver' that has a maturity date? I have a BM internet saver paying that rate but it is just an easy-access saver and the bonus rate ends after 12 months rather than matures.
Sorry, you're correct, it's an 'Internet Saver' easy access account. But where it gives the anniversary date it says maturity date - not that I expect to get anything.0 -
And is it paid into the Savings account itself, or out to the linked current account?
https://www.marcus.co.uk/content/dam/mosaic/savings/pdf/Marcus_Terms_and_Conditions.pdf0
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