Marcus new bonus rate

MDMD

Just logged into my Marcus account and when clicking around to work out the total interest paid I stumbled across a link marked ➜ Review your savings. This takes me to a page

Take advantage of a new bonus rate for your Online Savings Account.

You can renew the bonus rate on your account whenever there’s one available, without charge and regardless of how long you’ve been on that rate.
Key facts
The bonus rate will be applied to your account immediately.
You’ll start earning interest at this new rate from today.
The bonus rate is fixed and will last for 12 months.

The rate is the same as I was already on. It seems like there’s no disadvantage to renewing regularly.

roddydogs

Thanks, just renewed for another year, instead of finishing in Oct!

alanwsg

Hmm .. it seems you could just press the 'renew' button every time you logged-in, just to extend your bonus period a bit more.

roddydogs

Yes, you dont know if the offer will be stopped.

andi2

Thanks - mine was due to expire end of September.

Vortigern

roddydogs wrote: »

Yes, you dont know if the offer will be stopped.

The bonus is only 0.15% and while that's useful to have, I'd be more concerned about changes to the underlying variable rate.

movingon

Thank you:beer:

soulsaver

Here (on PC):
Login account/view/(scroll down on rh side)review your savings/ (scroll down under bonus rate options) renew your bonus.

SpanishBlue

alanwsg wrote: »

Hmm .. it seems you could just press the 'renew' button every time you logged-in, just to extend your bonus period a bit more.

Will they allow that?

It will be interesting to see if the option is still there in the coming days/weeks.

veryintrigued

alanwsg wrote: »

Hmm .. it seems you could just press the 'renew' button every time you logged-in, just to extend your bonus period a bit more.

Is this something you've tried?

And if so did you receive a confirmation email each time?

alanwsg

veryintrigued wrote: »

Is this something you've tried?

And if so did you receive a confirmation email each time?

well, I only found out about it today.
maybe i'll try again on monday