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Marcus Goldsmith savings account 1.5 %

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Comments

  • It says on the money expert website the the £85000 protection is “ shared” with Goldman Sachs.
    Does this mean that the protection is not fully covered by the FSCS.
  • Rheumatoid
    Rheumatoid Posts: 1,065 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    punkle wrote: »
    It says on the money expert website the the £85000 protection is “ shared” with Goldman Sachs.
    Does this mean that the protection is not fully covered by the FSCS.

    No, it means that only 85k total is covered if you have money with both.
    16 Panel (250W JASolar) 4kWp, facing 170 degrees, 40 degree slope, Solis Inverter. Installed 29/9/2015 - £4700 (Norfolk Solar Together Scheme); 9.6kWh US2000C Pylontech batteries + Solis Inverter installed 12/4/2022 Year target (PVGIS-CMSAF) = 3880kWh - Installer estimate 3452 kWh:Average over 6 years = 4400 :j
  • Rheumatoid wrote: »
    No, it means that only 85k total is covered if you have money with both.

    Right now, this Marcus account is the only FSCS-protected product that Goldman Sachs offer.* But if they offer more in future, then the £85k limit would apply to your total across all their products.

    * Unless possibly you have some private bank-type account with Goldmans... I imagine in that case you'd be too wealthy to lose sleep over whether you were covered for 1x or 2x £85k.
  • Yes, today I was only asked for a password to get into my account. No PIN, so scammers (if the obtained your password) would be able to change your password and name, address etc without extra security. I then tried to change my link account but you have to upload a recent bank statement including name and address for them to allow this - just for info :)
  • masonic
    masonic Posts: 28,493 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Yes, today I was only asked for a password to get into my account. No PIN, so scammers (if the obtained your password) would be able to change your password and name, address etc without extra security. I then tried to change my link account but you have to upload a recent bank statement including name and address for them to allow this - just for info :)
    Scammers would need to obtain your password and your computer/unlocked phone to bypass entering a PIN. If they (or you) use a new device or web browser to log in then you'll always be prompted for a PIN.
  • soulsaver
    soulsaver Posts: 6,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 20 October 2019 at 11:11PM
    Yes, today I was only asked for a password to get into my account. No PIN, so scammers (if the obtained your password) would be able to change your password and name, address etc without extra security. I then tried to change my link account but you have to upload a recent bank statement including name and address for them to allow this - just for info :)



    And in addition to Masonic's point, just for YOUR info: You can't change your email address or telephone number on line, you have to call them.

    And to change your name you have to download an application form, fill it in and post it back accompanied by documented proof.
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