Marcus SA 4.00% AER (3.93% gross) 7th July 2023

dealyboy

Logged in and discovered new interest rate*.

* incl. bonus 0.34%

RedImp_2

Thanks for posting I have a small float left in there which I was going to move to Chase as they were beating them but I’ll leave for now.

UncleK

They can't even be bothered to meet what others are offering

jaypers

Pass (again)! Account remains funded with 1p

Section62

The 4% figure includes a bonus of 0.34% - so some existing customers may need to renew their bonus to get the full 4%.

Fatherjacob

wish Marcus would have made an announcement ,ive jut moved my savings from Marcus to Fordmoney , now seeing this i probably wouldnt have bothered

RG2015

Fatherjacob said:

wish Marcus would have made an announcement ,ive jut moved my savings from Marcus to Fordmoney , now seeing this i probably wouldnt have bothered

Ford Money is now at 4.25% whereas Marcus has just increased to 4.00%.

Many people here would move for far less than an extra 0.25%.

Eirambler

Lots of people will happily take Marcus at 4% over others at 4.3%. Not top rate chasers obviously, but they have built a reputation as being reliable, trustworthy and easy to use, which probably brings in enough for them to not need to be the top payers anymore. Many value their reliability for the sake of a quarter of a percent on a few thousand pounds of savings. Zopa in a similar situation now as well I think.

dealyboy

Section62 said:

The 4% figure includes a bonus of 0.34% - so some existing customers may need to renew their bonus to get the full 4%.

... thanks @Section62 ... updated OP.