Online bank Marcus boosts easy-access rates to 3.3%… but rival Chip leads the way with its 3.55% offering
Online bank Marcus is raising the rate on both of its easy-access savings accounts from today.
Marcus, which is backed by Goldman Sachs, now pays 3.3 per cent on its Online Savings Account and cash Isa accounts — or 3.26 per cent monthly.
The underlying rate remains the same but the bonus, which is payable to those who opt in for a year, is going up from 0.25 percentage points to 0.34 points.
Rate boost: Marcus, which is backed by Goldman Sachs, now pays 3.3% on its Online Savings Account and cash Isa accounts – or 3.26% monthly
The higher bonus is available to new and existing customers from today.
Those whose bonus has run out — and so earn the underlying lower rate — can apply to have a bonus added for 12 months. Those who still get the old bonus of 0.25 points can apply for the new higher rate.
The average easy access account currently pays 1.99 per cent, according to Moneyfacts — though the top rate on the market is offered by app-based Chip at 3.55 per cent.
The Marcus account can only be opened and managed online or through its app and money paid in or out must be transferred via a linked UK current account.
Source : https://www.dailymail.co.uk/money/saving/article-12013005/Online-bank-Marcus-boosts-easy-access-rates-3-3.html?ns_mchannel=rss&ito=1490&ns_campaign=1490&rand=1270