Marcus by Goldman Sachs Bank
Discussion
Santander do 1.5% to £20k. If you are a select customer I think you also get 5% on up to £200 a month on their esaver account too.
Nationwide do 3% up to £2.5k I think on their flex plus account.
Let’s be honest though, in the current climate it’s all fook all really and little point bothering.
I did notice an email from Hargreaves Lansdown last week with a new account facility to basically centralise your savings and place them via HL into the best rates across the various bank savings accounts so might be worth a look. Seemed a simple idea to utilise the rates available without the aggro of opening countless accounts.
Nationwide do 3% up to £2.5k I think on their flex plus account.
Let’s be honest though, in the current climate it’s all fook all really and little point bothering.
I did notice an email from Hargreaves Lansdown last week with a new account facility to basically centralise your savings and place them via HL into the best rates across the various bank savings accounts so might be worth a look. Seemed a simple idea to utilise the rates available without the aggro of opening countless accounts.
BoRED S2upid said:
I will stick to premium bonds.....
Serious question. Why not deposit the cash in a Marcus account (1.5%) and buy a lottery ticket once a month?The average return from Premium Bonds is very low and the actual chance of reaching that average is extremely low because the handful of big prizes take so much of the "pot".
What's worse, most people get no benefit from the "tax free" prizes because they would receive their bank interest tax free in any event.
rockin said:
BoRED S2upid said:
I will stick to premium bonds.....
Serious question. Why not deposit the cash in a Marcus account (1.5%) and buy a lottery ticket once a month?The average return from Premium Bonds is very low and the actual chance of reaching that average is extremely low because the handful of big prizes take so much of the "pot".
What's worse, most people get no benefit from the "tax free" prizes because they would receive their bank interest tax free in any event.
Jimmy Recard said:
I did think that tooIf anyone opens one, would you let us know if the site is any good? Ie is it convenient for transferring money to and from your current account each week, is it a pain to sign in? Banks can vary massively like that.
It sounds useful for what I use my Tesco account for if it's similarly convenient
Edited by Jimmy Recard on Thursday 27th September 19:54
You can only transfer to/from one bank account. I transferred a test tenner over then a fiver back. Both transactions were quick and easy so I've dumped all my savings there.
It really is instant paying in/withdrawing via transfer to/from your nominated bank account.
funinhounslow said:
Very easy. I opened an account from my phone in 5 minutes.
You can only transfer to/from one bank account. I transferred a test tenner over then a fiver back. Both transactions were quick and easy so I've dumped all my savings there.
It really is instant paying in/withdrawing via transfer to/from your nominated bank account.
Thanks. What's the log in process like? Complex/convoluted or simple and straightforward?You can only transfer to/from one bank account. I transferred a test tenner over then a fiver back. Both transactions were quick and easy so I've dumped all my savings there.
It really is instant paying in/withdrawing via transfer to/from your nominated bank account.
rockin said:
BoRED S2upid said:
I will stick to premium bonds.....
Serious question. Why not deposit the cash in a Marcus account (1.5%) and buy a lottery ticket once a month?The average return from Premium Bonds is very low and the actual chance of reaching that average is extremely low because the handful of big prizes take so much of the "pot".
What's worse, most people get no benefit from the "tax free" prizes because they would receive their bank interest tax free in any event.
BoRED S2upid said:
Because the return from premium bonds is normally more than 1.5%. As I said I can’t get excited over 1.5% from a bank account the interest comes from the ISAs, PB’s are a bit of fun.
Average return on premium bonds is now c. 1.4%Edited by sidicks on Sunday 30th September 17:06
First direct are doing 5% to savers for 12 months if you put away no more than 300 quid per month. Worth having.
If anyone wants a cheap 10% interest gamble with ratesetter I can link you a referral ( I get 50 quid) and you get £100 bonus after a year and can withdraw it all then, plus 4.8% interest on the actual amount.
Capital at risk obviously with p2p but for a grand it's Not a bad return if anyone wants in.
If anyone wants a cheap 10% interest gamble with ratesetter I can link you a referral ( I get 50 quid) and you get £100 bonus after a year and can withdraw it all then, plus 4.8% interest on the actual amount.
Capital at risk obviously with p2p but for a grand it's Not a bad return if anyone wants in.
12TS said:
Easy
Name and password.
App would be better though
Thanks, that's not too bad then. When the interest on my Tesco Bank Internet Saver expires, I'll look into it. Maybe there will be an app by then.Name and password.
App would be better though
I'd like to see a Virgin Money app too. I've got a couple of good interest rates there but you have to go through four pages to sign in, which is annoying. Even just having to put in several lots of login details on one page would improve it
sidicks said:
BoRED S2upid said:
Because the return from premium bonds is normally more than 1.5%. As I said I can’t get excited over 1.5% from a bank account the interest comes from the ISAs, PB’s are a bit of fun.
Average return on premium bonds is now c. 1.4%Edited by sidicks on Sunday 30th September 17:06
bad company said:
Anybody holding a lot of cash needs to look at this:-
https://www.marcus.co.uk/uk/en
Much better rates than mainstream UK banks.
Yup, lure you in and then who knows what.https://www.marcus.co.uk/uk/en
Much better rates than mainstream UK banks.
Goldman Sachs... no ta!
Simpo Two said:
Jimmy Recard said:
You can get 1.3% for a year on instant access savings with at least a few banks. I have one with Tesco...
As do I. But Goldman Sachs sounds better in the pub.
Goldmans? Ouch, he is getting bent over with no foreplay or lube.
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