Marcus saver? You can boost your rate to 3.3% with a few clicks – here's how

MSE_Ben_T

If you've got a Marcus easy-access savings account or cash ISA, you can boost your interest rate to 3.3% in seconds by activating its new 0.34% bonus from today (Wednesday 26 April). It's a no-brainer for those who don't want to switch, though you can get even better returns elsewhere.

Read the full story here:

https://www.moneysavingexpert.com/news/2023/april/marcus-bonus-increase/

Click reply below to discuss. If you haven’t already, join the forum to reply.

dosh37

Just goes to show how some savings organisations value existing customers.

Instead of automatically increasing interest rates in line with BoE increases, they increase the bonus rate but fail to notify existing savers.

Marcus have always lagged behind other savings organisations when it comes to interest rates.

I am switching to Aldermore where you can get 3.55% easy access.

mebu60

dosh37 said:

Just goes to show how some savings organisations value existing customers.

Instead of automatically increasing interest rates in line with BoE increases, they increase the bonus rate but fail to notify existing savers.

Marcus have always lagged behind other savings organisations when it comes to interest rates.

I am switching to Aldermore where you can get 3.55% easy access.

Not disputing what you say about Marcus, I have had a token amount with them for a while now, but note that the Aldermore account is Double Access, you can only make two withdrawals per account year otherwise the interest rate plummets. 

wmb194

dosh37 said:

Just goes to show how some savings organisations value existing customers.

Instead of automatically increasing interest rates in line with BoE increases, they increase the bonus rate but fail to notify existing savers.

Marcus have always lagged behind other savings organisations when it comes to interest rates.

I am switching to Aldermore where you can get 3.55% easy access.

Earlier today I received an email from Marcus about this. 

Unless it's some kind of (rare) tracker account there isn't any mechanical link between Bank rate and  deposit rates.

ZeroSum

Still marginally more with zopa, so I'll be just sticking with them for now

Section62

dosh37 said:

Just goes to show how some savings organisations value existing customers.

Instead of automatically increasing interest rates in line with BoE increases, they increase the bonus rate but fail to notify existing savers.

Marcus have always lagged behind other savings organisations when it comes to interest rates.

I am switching to Aldermore where you can get 3.55% easy access.

I got an email from them at 3pm today, telling me about the higher bonus and how to get it.

Ok, so they didn't email me before I found out via MSE, but it is a bit harsh to accuse them of not notifying existing savers when they managed to get an email out the same day. (presumably only to those customers who have agreed to such communications though)

dosh37

All I can say is that I never recieved a notofication.

Bigwheels1111

No notifications here either.
Just followed the instructions and it worked.
‘Thanks.

Bigwheels1111

My email about the rise arrived at 22.47pm.

techno12

Didn't get the email either, so good job I read this today.

A little odd as I've always received emails about bonus rates or underlying interest rate changes. Maybe they'd have told me when my bonus was due to expire in June.

Beddie

I got an email this afternoon, so they aren't being sneaky as implied above.