Marcus 4.55% fixed rate savings account

Ch1ll1Phlakes · 22 January at 1:38PM

BreakingGlass said:

The Marcus website is tonight saying that this account is ‘currently unavailable’.

As it is for me (Fixed Term Saver | Marcus by Goldman Sachs®). I assume that means they've met the quota of accounts/ total balance they were looking

ColdIron · 22 January at 1:47PM

AspiringPensioner said:

Redwinelover said:

Is a Marcus UK account safe under Trump? He couldn't direct Goldman Sachs to seize uk accounts, could he? I'm assuming not, as Marcus are UK registered and FSCS protected?

I came here to ask the same question...I already applied for the Marcus 1 Year Fix a week ago, and have 14 days to fund it. With the current US administration getting more and more aggressive in their dealings with (the UK and) Europe, I started to wonder whether accounts with American banks might be vulnerable. Any thoughts? This is a separate question from deciding whether to boycott US businesses, which is something else to consider I suppose. But what I'm asking here is, might it be wise to avoid funding a new account with a US bank, out of self-preservation?

Marcus (Goldman Sachs International) is authorised by the PRA, regulated by the FCA and protected by the FSCS

In what way do you think it could be vulnerable?

I've used them since 2018 and worry more about putting the cat out for the night

NB I no longer have a cat

Albermarle · 22 January at 2:09PM

AspiringPensioner said:

Redwinelover said:

Is a Marcus UK account safe under Trump? He couldn't direct Goldman Sachs to seize uk accounts, could he? I'm assuming not, as Marcus are UK registered and FSCS protected?

I came here to ask the same question...I already applied for the Marcus 1 Year Fix a week ago, and have 14 days to fund it. With the current US administration getting more and more aggressive in their dealings with (the UK and) Europe, I started to wonder whether accounts with American banks might be vulnerable. Any thoughts? This is a separate question from deciding whether to boycott US businesses, which is something else to consider I suppose. But what I'm asking here is, might it be wise to avoid funding a new account with a US bank, out of self-preservation?

You can not really make the leap from Trump pressurising allies to get what he wants- to US based banks not paying out savings customer in Europe.

I am sure Goldman Sachs will long outlive Trump .

In any case Marcus is covered by the UK compensation scheme.

SH88SH88 · 22 January at 3:14PM

BreakingGlass said:

The Marcus website is tonight saying that this account is ‘currently unavailable’.

Strongly suspect that Martin Lewis heavily promoting this account on his TV show resulted in a flood of applications, hence it being pulled shortly afterwards.
I opened one during the show, wasn't really sure if I wanted it but there is still the best part of a fortnight to decide whether to fund or to allow it to lapse.

IAmRobbo · 22 January at 4:54PM

I have a Marcus account from a few years ago when there was a good interest rate. I've now cleared it of the £0.03 in there (after reassuring them that no, the world's least ambitious crook wasn't trying to scam me) and closed the account. Does anyone know if they'll let me open a new account in the future?

mills112 · 22 January at 6:22PM

IAmRobbo said:

I have a Marcus account from a few years ago when there was a good interest rate. I've now cleared it of the £0.03 in there (after reassuring them that no, the world's least ambitious crook wasn't trying to scam me) and closed the account. Does anyone know if they'll let me open a new account in the future?

i closed my account with them just last month and opened another one to take the advantage of this one and all went fine. application was approved very quickly.

bucksman · 22 January at 7:53PM

I just tried opening the one year fixed saver and the website says' it is not available at the moment' maybe it has been withdrawn - I am sure it was very popular? Anyone else tried this evening?