Marcus Bank

susanann_2

There is still no sign that Marcus Bank is going to increase their rates, getting fed up with waiting when others are now offering much more. What is people’s feeling on this jump ship or hang on. 

Alistair31

Given how easy it is to open and transfer I am surprised anyone even bothers waiting. 

The_Fat_Controller

Absolutely become a "rate tart" it's so easy to move money around these days.

VKE

We moved our Marcus £ to new Chase accounts earlier this year; as others have said its so easy to move funds around now and the fact that there hasn't been any movement with Marcus we've kept a few £ in our accounts and maxed out our Chase accounts ~ loyalties are in favour of interest rates rather than account providers 

soulsaver

Their rate should go up now I've moved my funds to Al Rayan.. for a 30% increase. 

garyelder

I don’t wait in this current climate, your only losing out if you don’t move to a better rate 

The_Fat_Controller

@soulsaver you could have received 50% more if you had moved to Chase !

As per other topics, Al Rayan have been a bit sneaky and not increased rates on Issue 1 either.

2010

ChainsawCharlie said:

Move out  then back in if they offer more again
Dead easy to move your money about.
Its the only way banks will up their rates, if they see people moving they will respond.
Atom Bank.....are you watching??

I too have given up with Marcus slow response, if any.

I was looking at going with Atom.
Didn`t they move their rates last time then?

isasmurf

Marcus appear to have a policy of paying the same rate on their ISA and non- ISA versions of their easy access account. Therefore any changes to the interest rate will also take into account the market for easy access ISAs. As they are already top of the ISA tables, its unlikely they'll be an increase to their easy access rates in the coming days.

fwdrew

Marcus are so slow with their rate rises yes. I'm back with Atom again, love the super fast transfers with them.
Atom however were slow with their last rate rise so will see what happens if there are further rises.

Thrugelmir

Banks aren't going to overpay for deposits. They only offer attractive rates when they need the money. That's a marketing ploy.