The Top Fixed Interest Savings Discussion Area

DRS1

Rollinghome said:

DRS1 said:

katejo said:

mebu60 said:

refluxer said:

I'd recommend anyone interested in that Marcus fixed rate saver to open one sooner rather than later because, just like their last one, it may not hang around for long due to it being a decent amount higher than anything else available.

As long as you haven't got a Marcus Fixed Rate Saver already. This matches the 4.55% I got with them back in October. Would've definitely added another if I had been able to. 

I haven't used Marcus before. Can I make a further addition to the account once started or is it just the initial lump sum?

You have a 14 day funding window so you can add in that window but not afterwards.  I just opened one and got a message saying I can pay in until 27 January .

I notice that "14 days" can be slightly less in practice.

I opened an account at noon today and they say I've got until the 30th to fund.  That looks like 13.5 days to me.  At times, I've waited right to the wire to see what the MPC announce and most institutions give the full number of days starting from midnight.  Will remember not to count on that any more.  I note that the next day is a Saturday. At least Marcus is clear.

I haven't tried to transfer anything in this weekend but maybe they are like some other institutions and don't do transfers over the weekend so put the cut off date to the Friday?

soulsaver

I've transferred (a small amount) in today. There was warnings that FP was down for planned maintenance so I'm leaving the big transfers until Monday.

Rollinghome

All things being equal, I prefer to make big transfers in the morning, on a weekday, early in the week. Then if something goes wrong, my loot isn't hanging around somewhere for days losing interest, and there should be someone around to contact.

Now that some offer 24/7 FP and others use carrier pigeons, there are so many variables.