Emptying Marcus - daily limit

Malkytheheed

Ah, I thought something dramatic was happening. 

wiseonesomeofthetime

Thankfully not.

Some are chasing the extra 0.10% that can be achieved with NS&I Income Bonds, over the standard 1.05% rate with Marcus when bonuses expire.

Mine expires in October, however, I shall not be chasing the pennies. Not worth my time.

Malkytheheed

wiseonesomeofthetime said:

Thankfully not.

Some are chasing the extra 0.10% that can be achieved with NS&I Income Bonds, over the standard 1.05% rate with Marcus when bonuses expire.

Mine expires in October, however, I shall not be chasing the pennies. Not worth my time.

It's never worth doing it. That's not how anyone gets rich. Chase the big wins, don't sweat the small stuff. Thats what I was always taught and it's served me very well finnancially. Imagine you had spent the 2 hours you spent saving £3.87 on moving money around over and over or spent the same 2 hours interviewing a small business owner for a great invesment oppertunity. I know this is money "saving" expert. But you have to draw the line somewhere. 

colsten

Malkytheheed said:

wiseonesomeofthetime said:

Thankfully not.

Some are chasing the extra 0.10% that can be achieved with NS&I Income Bonds, over the standard 1.05% rate with Marcus when bonuses expire.

Mine expires in October, however, I shall not be chasing the pennies. Not worth my time.

It's never worth doing it. That's not how anyone gets rich. Chase the big wins, don't sweat the small stuff. Thats what I was always taught and it's served me very well finnancially. Imagine you had spent the 2 hours you spent saving £3.87 on moving money around over and over on interviewing a small business owner for a great invesment oppertunity. I know this is money "saving" expert. But you have to draw the line somewhere. 

I am sure that those who move their money away from Marcus do so because they consider it worth it for themselves. I am also sure that if you can show them a great invesment oppertunity for their personal money, they would assess whether this would be better for them. 

Malkytheheed

colsten said:

Malkytheheed said:

wiseonesomeofthetime said:

Thankfully not.

Some are chasing the extra 0.10% that can be achieved with NS&I Income Bonds, over the standard 1.05% rate with Marcus when bonuses expire.

Mine expires in October, however, I shall not be chasing the pennies. Not worth my time.

It's never worth doing it. That's not how anyone gets rich. Chase the big wins, don't sweat the small stuff. Thats what I was always taught and it's served me very well finnancially. Imagine you had spent the 2 hours you spent saving £3.87 on moving money around over and over on interviewing a small business owner for a great invesment oppertunity. I know this is money "saving" expert. But you have to draw the line somewhere. 

I am sure that those who move their money away from Marcus do so because they consider it worth it for themselves. I am also sure that if you can show them a great invesment oppertunity for their personal money, they would assess whether this would be better for them. 

My point is the time a lot of (wealthy) people spend chasing 0.01% figures equates to less than minimum wage.

Which is better, spending 2 hours earning £2. Or spending the same 2 hours learning a new skill or researching a real and worthy invesment? Each to their own I guess. 

Malkytheheed

veryintrigued said:

Malkytheheed said:

colsten said:

Malkytheheed said:

wiseonesomeofthetime said:

Thankfully not.

Some are chasing the extra 0.10% that can be achieved with NS&I Income Bonds, over the standard 1.05% rate with Marcus when bonuses expire.

Mine expires in October, however, I shall not be chasing the pennies. Not worth my time.

It's never worth doing it. That's not how anyone gets rich. Chase the big wins, don't sweat the small stuff. Thats what I was always taught and it's served me very well finnancially. Imagine you had spent the 2 hours you spent saving £3.87 on moving money around over and over on interviewing a small business owner for a great invesment oppertunity. I know this is money "saving" expert. But you have to draw the line somewhere. 

I am sure that those who move their money away from Marcus do so because they consider it worth it for themselves. I am also sure that if you can show them a great invesment oppertunity for their personal money, they would assess whether this would be better for them. 

My point is the time a lot of (wealthy) people spend chasing 0.01% figures equates to less than minimum wage.

Which is better, spending 2 hours earning £2. Or spending the same 2 hours learning a new skill or researching a real and worthy invesment? 

It's 0.1% and equates to £170 p.a. for my OH and I. Well worth having IMO.

Mind you, the goal posts will have shifted well before the year is out!

Then I guess the question is, why do you have £170,000 sitting, in a low interest, easy access account, uninvested, not working for you? Seems a huge waste. But alas we stray father and farther off topic. My bad. 

colsten

Malkytheheed said:

veryintrigued said:

Malkytheheed said:

colsten said:

Malkytheheed said:

wiseonesomeofthetime said:

Thankfully not.

Some are chasing the extra 0.10% that can be achieved with NS&I Income Bonds, over the standard 1.05% rate with Marcus when bonuses expire.

Mine expires in October, however, I shall not be chasing the pennies. Not worth my time.

It's never worth doing it. That's not how anyone gets rich. Chase the big wins, don't sweat the small stuff. Thats what I was always taught and it's served me very well finnancially. Imagine you had spent the 2 hours you spent saving £3.87 on moving money around over and over on interviewing a small business owner for a great invesment oppertunity. I know this is money "saving" expert. But you have to draw the line somewhere. 

I am sure that those who move their money away from Marcus do so because they consider it worth it for themselves. I am also sure that if you can show them a great invesment oppertunity for their personal money, they would assess whether this would be better for them. 

My point is the time a lot of (wealthy) people spend chasing 0.01% figures equates to less than minimum wage.

Which is better, spending 2 hours earning £2. Or spending the same 2 hours learning a new skill or researching a real and worthy invesment? 

It's 0.1% and equates to £170 p.a. for my OH and I. Well worth having IMO.

Mind you, the goal posts will have shifted well before the year is out!

Then I guess the question is, why do you have £170,000 sitting, in a low interest, easy access account, uninvested, not working for you? Seems a huge waste. But alas we stray father and farther off topic. My bad. 

They might be in between houses and need the money shortly for a property purchase. Or they are about to emigrate. Or go on a world cruise of a lifetime. Or be simply utterly risk averse and quite happy to take the hit of inflation for the sake of the vast majority of their capital. Or or or or........there are plenty of reasons why it might not be a waste at all. Without knowing the exact circumstances of the people involved, it's impossible to tell.