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Marcus rate reducing, again
Comments
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Won't bother me. I haven't had any significant money in Marcus for over a year. Getting better rates elsewhere.
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Yep, me too. From the beginning (Sept 2018), I have never had more than £1 in Marcus as they never had the top interest rate for me.Fingerbobs said:Won't bother me. I haven't had any significant money in Marcus for over a year. Getting better rates elsewhere.0 -
I've got quite a bit of money in my account, I am thinking of emptying the lot and sticking it into my S&S ISA.
Save £12k in 2019 #154 - £14,826.60/£12kSave £12k in 2020 #128 - £4,155.62/£10k0 -
As long as you still have sufficient emergency savings then go for it! My Marcus savings IS my emergency savings pot so investing that cash is not an option.webjaved said:I've got quite a bit of money in my account, I am thinking of emptying the lot and sticking it into my S&S ISA.
"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
Same for me plus I keep my credit card stoozing cash there too, but that is increasingly pointless these days.george4064 said:
As long as you still have sufficient emergency savings then go for it! My Marcus savings IS my emergency savings pot so investing that cash is not an option.webjaved said:I've got quite a bit of money in my account, I am thinking of emptying the lot and sticking it into my S&S ISA.0 -
Interestingly the Marcus new rate is beneath Lloyd's 0.6% on the first £4000 tranche. Just as easy to have the loose lying about waiting cash in there.1
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schiff said:Interestingly the Marcus new rate is beneath Lloyd's 0.6% on the first £4000 tranche. Just as easy to have the loose lying about waiting cash in there.
Thanks for that reminder. I'd mentally discounted my CL account (still had TSB)How's it going, AKA, Nutwatch? - 12 month spends to date = 3.24% of current retirement "pot" (as at end December 2025)0 -
Presumably you were also thinking that before recent rate drop - going from cash to investments based solely on a rate drop from 0.7 to 0.5% seems quite extreme....webjaved said:I've got quite a bit of money in my account, I am thinking of emptying the lot and sticking it into my S&S ISA.1 -
Might just stick my marcus balance into premium bonds as they have been quite kind to me this year (1.8% avg) although sounds like a good way to trash my rate as with my normal luck the new lot wouldn't get anything0
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Would it be wise to move from Marcus now? And if so to where?
Sounds like under the mattress is as good as anything these days...
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