Is it safe for a US bank to hold my savings?

Nick_F_3

Absolutely not being political here. With everything happening in America atm I’m genuinely concerned about the safety of my savings (Marcus Bank) and was considering moving them to a UK/European bank.
thoughts?

DullGreyGuy

Nick_F_3 said:

Absolutely not being political here. With everything happening in America atm I’m genuinely concerned about the safety of my savings (Marcus Bank) and was considering moving them to a UK/European bank.
thoughts?

If you are talking about Marcus Bank UK, aka GOLDMAN SACHS INTERNATIONAL BANK (unusually an unlimited company) then it is a UK bank but one owned by a US group parent company.

As a UK bank they are subject to PRA and FCA regulation and covered by the FSCS up to £85,000

Nick_F_3

That’s reassuring. Thank you for taking the time.