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Tuesday, November 20, 2018

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Marcus attracts 100,000 UK customers

Theo Osborn | 14:26 Monday 5th November 2018

Marcus by Goldman Sachs has reached 100,000 customers since its UK launch on 27th September.

Easy-access savings account customers have joined at a rate of one every 35 seconds.

The online bank announced it had reached 50,000 customers last month.

Des McDaid, managing director at Marcus by Goldman Sachs (pictured above), said: “These huge numbers show just how frustrated savers were with the low interest rates on offer. 

“People work hard for their money, so we’re delighted at how quickly savers have given their savings the benefit of a competitive interest rate.” 

 Des said it had put the interest back into savings by offering an easy-access account that could be opened with just £1 and no minimum monthly deposit.

“It’s shaken up the savings market and we’ve seen others increase their offerings to savers since our launch.

“We are confident customers will continue to see the appeal of our consistently competitive interest rate that won’t be here today, gone tomorrow.”

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