Marcus rate increased to 4.3%

sausage_time
sausage_time Forumite, Ambassador Posts: 567
Eighth Anniversary 500 Posts Name Dropper Photogenic
Ambassador
in Savings & investments
No notification yet, but logged in and saw this today:

Interest rate: 4.30%/4.22% AER/gross (variable)
Includes a bonus rate of 0.34% gross
I’m a Forum Ambassador and I support the Forum Team on the Credit Cards and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected].
All views are my own and not the official line of MoneySavingExpert.
«1

Comments

  • tiger70
    tiger70 Forumite Posts: 19
    Sixth Anniversary 10 Posts Combo Breaker
    Forumite
    I updated mine on the 28th of July .
  • cloud_dog
    cloud_dog Forumite Posts: 5,889
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Forumite
    sausage_time said:
    No notification yet, but logged in and saw this today:

    Interest rate: 4.30%/4.22% AER/gross (variable)
    Includes a bonus rate of 0.34% gross
    'Bout bloody time!
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • ischris85
    ischris85 Forumite Posts: 469
    Third Anniversary 100 Posts Name Dropper
    Forumite
    I assume this is in anticipation of the expected BOE increase. Shame it's not a top tier rate.
  • quirkydeptless
    quirkydeptless Forumite Posts: 1,199
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Forumite
    I'll leave my £0.02 in there for now
    Retired 1st July 2021.
    This is not investment advice.
    Your money may go "down and up and down and up and down and up and down ... down and up and down and up and down and up and down ... I got all tricked up and came up to this thing, lookin' so fire hot, a twenty out of ten..."
  • 4justice2
    4justice2 Forumite Posts: 466
    Third Anniversary 100 Posts Name Dropper
    Forumite
    edited 3 August at 11:51AM
    I've kept it open with £2 in case it becomes competitive again, but with other accounts offering 4.5% seems a pointless exercise in only going up to 4.3%!
  • dealyboy
    dealyboy Forumite Posts: 1,213
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Forumite
    I'm surprised they don't inform their customers when they put up their rates (still not received an e-mail), others do ... e.g. Chase informed me yesterday morning that they were putting up their rate to 4.1% on the 14th August.
  • frugalmacdugal
    frugalmacdugal Forumite Posts: 9,763
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Forumite
    Hi,
    had email yesterday at 13.08, then Coventry at 13.32.
    Y'all take care now.
  • sarah1972
    sarah1972 Forumite, Senior Ambassador Posts: 18,262
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Senior Ambassador
    edited 4 August at 5:58AM
    dealyboy said:
    I'm surprised they don't inform their customers when they put up their rates (still not received an e-mail), others do ... e.g. Chase informed me yesterday morning that they were putting up their rate to 4.1% on the 14th August.
    We get emails from Marcus every time they increase the rates 
    I’m a Senior Forum Ambassador and I support the Forum Team on Competitions Time, Shopping & Freebies boards, Employment, Jobseeking & Training boards If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected]. All views are my own and not the official line of MoneySavingExpert.
  • dealyboy
    dealyboy Forumite Posts: 1,213
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Forumite
    @frugalmacdugal said:
    Hi,
    had email yesterday at 13.08, then Coventry at 13.32.
    @sarah1972 said:
    dealyboy said:
    I'm surprised they don't inform their customers when they put up their rates (still not received an e-mail), others do ... e.g. Chase informed me yesterday morning that they were putting up their rate to 4.1% on the 14th August.
    We get emails from Marcus every time they increase the rates 

    Thanks for your quick and very early replies. 
    I also receive e-mails (not this time yet) but always after the event, last time it was 10:16 on the date of the change (7th July 4.00%) where I was the one to notify the board via a thread when I discovered the rate when logging on; indeed the wording is 'we've increased the rate'.

    It risks people shifting funds to other accounts too quickly.
  • Bigwheels1111
    Bigwheels1111 Forumite Posts: 1,814
    1,000 Posts First Anniversary Name Dropper
    Forumite
    Rate up, no email yet.
    £0.42p can stay put.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 338.7K Banking & Borrowing
  • 248.6K Reduce Debt & Boost Income
  • 447.5K Spending & Discounts
  • 230.6K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 171K Life & Family
  • 243.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards