Marcus - 1.3% with 0.25% bonus

ChilliBob

Just got an email about a 0.25% bonus for Marcus account holders, well, I assume all holders. I logged in and successfully applied mine, taking the rate to 1.3% 

That's all folks!

2010

https://forums.moneysavingexpert.com/discussion/6358458/marcus-bank#latest

ChilliBob

Ah I hadn't spotted that! D'oh! I thought it unlikely I'd be the first! 

masonic

Got my hopes up with the thread title, at first glance appeared to be 1.3% + 0.25% = 1.55%

ChilliBob

masonic said:

Got my hopes up with the thread title, at first glance appeared to be 1.3% + 0.25% = 1.55%

Double D'oh, yeah that would be rather good wouldn't it. I'd not be surprised to see something like that from another provider soon. 

wiseonesomeofthetime

ChilliBob said:

masonic said:

Got my hopes up with the thread title, at first glance appeared to be 1.3% + 0.25% = 1.55%

Double D'oh, yeah that would be rather good wouldn't it. I'd not be surprised to see something like that from another provider soon. 

Like Virgin Money, perhaps?

RG2015

wiseonesomeofthetime said:

ChilliBob said:

masonic said:

Got my hopes up with the thread title, at first glance appeared to be 1.3% + 0.25% = 1.55%

Double D'oh, yeah that would be rather good wouldn't it. I'd not be surprised to see something like that from another provider soon. 

Like Virgin Money, perhaps?

Like that would ever happen. 

ChilliBob

wiseonesomeofthetime said:

ChilliBob said:

masonic said:

Got my hopes up with the thread title, at first glance appeared to be 1.3% + 0.25% = 1.55%

Double D'oh, yeah that would be rather good wouldn't it. I'd not be surprised to see something like that from another provider soon. 

Like Virgin Money, perhaps?

Well not really no, as once you go over the 25k limit it drops to 0.75, so not really an apples to apples comparison in my view. 

Daliah

ChilliBob said:

wiseonesomeofthetime said:

ChilliBob said:

masonic said:

Got my hopes up with the thread title, at first glance appeared to be 1.3% + 0.25% = 1.55%

Double D'oh, yeah that would be rather good wouldn't it. I'd not be surprised to see something like that from another provider soon. 

Like Virgin Money, perhaps?

Well not really no, as once you go over the 25k limit it drops to 0.75, so not really an apples to apples comparison in my view. 

It's very much apples and apples for the vast majority of the population, as they haven't even got half of £25k in savings.

It's also very much apples and apples for those who filled their boots with several VM accounts whilst it was still possible to apply for several. These people don't only get 2% on x * £1,000, but also have x * £25k savers at 1.56% AER. 

ChilliBob

Well to be honest then I still don't find it apples to apples - if you have over 25k, for example, then the only way you can get the better rate is if you had opened multiple accounts, which isn't possible now.

Yes, for a vast majority of people perhaps it is a like for like comparison - but not in all circumstances.

Anyhow, its probably academic in a couple of weeks ad there will probably be a new best buy the way things are moving.

For the record, as I'm sure with many on here, I do hold both. 

[Deleted User]

ChilliBob said:

Well to be honest then I still don't find it apples to apples - if you have over 25k, for example, then the only way you can get the better rate is if you had opened multiple accounts, which isn't possible now.

Yes, for a vast majority of people perhaps it is a like for like comparison - but not in all circumstances.

Anyhow, its probably academic in a couple of weeks ad there will probably be a new best buy the way things are moving.

For the record, as I'm sure with many on here, I do hold both. 

Marcus is a standalone savings account up to 250k - id check required only
Chase is current account/savings combo up to 250k - id check required only
VM is current account/savings combo up to 25k (26k if you include the current) - full credit check required

As you say, they are all slightly different.