Forty days since opening in the UK, Marcus by Goldman Sachs has reached a landmark 100,000 customers, which equates to a new account opened every 35 seconds. The sign-up rate to the easy-access savings account has exceeded all expectations.
Speaking about the milestone, Des McDaid, Managing Director of Marcus by Goldman Sachs 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. We must be one of the fastest growing banks in the UK right now.
“We’ve put the interest back into savings by offering an easy-access account that can 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.”
Launched in the UK on 27 September 2018, Marcus by Goldman Sachs offers an easy-access savings account with an interest rate of 1.50% AER*. Created with customers at its heart, an account with Marcus is transparent, secure, and easy-to-use. Available to UK residents over the age of 18, savers can deposit from £1 to £250,000 – and withdraw their money as many times as they like, with no fees or charges. The account is managed online, but telephone support is available from a UK-based specialist customer care team week-days (excluding bank holidays) from 8am to 8pm.
Marcus is named after one of the original founders of Goldman Sachs, Marcus Goldman.