Marcus by Goldman Sachs Bank

Rumours are Marcus considering pulling out of the UK market in the near term.

I think stop offering for new customers and steadily reduce rates over time realistically. Sounds like a potential pivot to private clients.

Cheap source of funding for GS , so surprised if they pull out.

Got email rate increased to 2.8% today

Just got the email, my money is currently in Santander @ 2.72. I really cannot be bothered to keep moving it around for fractions of a percent

Don’t know why they bothered when they know Chase is offering 3% (and have upped the limit to £500k).

I agree, my moneys moved back to Chase

They still need to make a lot of rich people richer - hence can’t go to 3%

Looks like a new issue, no word on existing issues. Best to assume you need to apply for the new one. Relatively easy to do once logged in.

I received a letter in the post today from GS saying they are closing my Marcus account. No reason given other than they can do so at their discretion in line with their terms. Very odd. I haven't done anything with my money in there other than add and withdraw a few grand here and there. I've opened a Chase account now so will move the money over.
Has anyone else had the same happen to them?