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MSE News: Got a Marcus savings account? Your interest rate may drop soon...

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Former_MSE_Karl
Former_MSE_Karl Posts: 175 Forumite
10 Posts I've been Money Tipped! Newshound!
in Savings & investments
Savers who opened a Marcus account this time last year are starting to see their interest rate drop - but you can limit the impact through a neat little trick that lets you grab another year's bonus...

Read the full story:

'Got a Marcus savings account? Your interest rate may drop soon - but there's a trick to up it again'
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Click reply below to discuss. If you haven’t already, join the forum to reply.

Comments

  • Malchester
    Malchester Posts: 987 Forumite
    Eighth Anniversary 500 Posts Photogenic Name Dropper
    Hardly call it a trick!!!! No trickery involved at all just plain and simple action. No fuss, no bother
  • bodacious
    bodacious Posts: 450 Forumite
    Malchester wrote: »
    Hardly call it a trick!!!! No trickery involved at all just plain and simple action. No fuss, no bother

    I agree, it's not a 'neat little trick' at all. It is there plain to see for all, in fact Marcus even told me about doing it when I spoke to them recently.
  • roddydogs
    roddydogs Posts: 7,479 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Bit late arnt you Karl? Lots of us renewed for a year at 1.5% just a few weeks ago!
  • Hellhawk
    Hellhawk Posts: 7 Forumite
    Hi all. This bonus rate extension "offer" has been withdrawn. I found out when I logged in today to extend my bonus at the slightly lower rate that was on offer a few weeks ago and found it was not available. I called them* and their customer service dept told me it would not be coming back.

    I wish they had warned account holders that this "offer" was about to be withdrawn.


    *0800 085 6789 or +44 203 901 3353† from abroad.
  • Psyduck1980
    Psyduck1980 Posts: 143 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    roddydogs wrote: »
    Bit late arnt you Karl? Lots of us renewed for a year at 1.5% just a few weeks ago!
    1.45%, no?
  • badger09
    badger09 Posts: 11,575 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Psyduck1980 wrote: »
    1.45%, no?

    No

    Many posters renewed the bonus rate on their Marcus account before the rate dropped to 1.45%.

    Some were apparently renewing every few days. Possibly a contributory factor to the withdrawal of that facility :cool:
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Psyduck1980 wrote: »
    1.45%, no?
    roddydoggs was 100% correct when posting on 27/09/19 that "Lots of us renewed for a year at 1.5% just a few weeks ago!"
  • 18cc
    18cc Posts: 2,120 Forumite
    The rate is now 1.35 for new customers, or those with bonus expired
This discussion has been closed.
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