Marcus Rate Reduction

Stubod

..as the rates reduce further there seems little point in moving for the sake of the odd.01%. We have recently moved from Santander to Marcus and NSI Income bonds. Both instant access and do not require messing around with DDs. (Managed to just get some money in with the Marcus 12 month fixed at 1.4% which has now closed). Probably won't bother moving again now until something significantly better turns up...here's hoping.... 

colsten

Stubod said:

(Managed to just get some money in with the Marcus 12 month fixed at 1.4% which has now closed).

Up to 1.55% is still easy to get for 1-year fixes 

The brave can even get 1.6% on a 95 day notice account - although that's with ICICI, which I personally won't touch again. They might be tolerable via Raisin, I don't know, and I am not tempted to try (not today, anyway....). The RCI 1.4% for 95 day notice account sounds decent.

BlueRider

Just got an email saying my bonus rate is about to end. Can i just close the account down then open a new account to receive another bonus,  is it as simple as that?

Speculator

BlueRider said:

Just got an email saying my bonus rate is about to end. Can i just close the account down then open a new account to receive another bonus,  is it as simple as that?

The account no longer offers a bonus on top of the variable rate.

ColdIron

Marcus no longer offers a bonus nor a bonus renewal

cosh25

Interesting to see Marcus have relaunched their 1 Year Bond at 1%. So lower than the Online Saver. I wonder if this a sign of another email...

ffacoffipawb

cosh25 said:

Interesting to see Marcus have relaunched their 1 Year Bond at 1%. So lower than the Online Saver. I wonder if this a sign of another email...

Can beat that with Hargreaves Lansdown Active Savings

Archi_Bald

ffacoffipawb said:

cosh25 said:

Interesting to see Marcus have relaunched their 1 Year Bond at 1%. So lower than the Online Saver. I wonder if this a sign of another email...

Can beat that with Hargreaves Lansdown Active Savings

Which in turn can be beat by NS&I Income Bonds, without the 1 year lock restriction. BLME beats both of them with 1.25% on a 1 year fix.

isasmurf

cosh25 said:

Interesting to see Marcus have relaunched their 1 Year Bond at 1%. So lower than the Online Saver. I wonder if this a sign of another email...

It seems the above posters have entirely missed your point. 

typistretired

Banks etc are making mugs of savers the lowest personal loan I can see ( not looking to take one out) is 3.1% so that means they charge on £10,000, £310 interest per year and most of them are only paying 0.10% to savers a total of £10 per year on £10,000.00.