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Marcus savings accounts
Marcus by Goldman Sachs offers a select range of savings accounts with interest rates up to 4.3%.
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Goldman Sachs launched Marcus in the UK in 2016 as an online savings and loans bank for the masses.
Marcus by Goldman Sachs's top savings rate of 4.3% is available on one of its easy access accounts.
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Marcus by Goldman Sachs offers, plus the highest interest rate currently available.
Savings account types include | Easy access, cash ISAs, fixed-rate bonds |
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Best easy access rate | 4.3% |
Best cash ISA rate | 4.3% |
Best fixed-rate bond rate | 4.15% |
Fixed bond terms | 1 year |
Opening options | Website, mobile app |
FSCS protection |
Yes – open and manage the account online. If you wish to withdraw then log into your Marcus account and transfer money to another UK account in your name (your linked account).
Likewise, if you want to deposit money you have to transfer it in from your linked account.
Email support | |
---|---|
Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
Goldman Sachs International is authorised and regulated by the Financial Conduct authority. In addition, it is covered by the Financial Services Compensation Scheme (FSCS) so your savings are covered for up to £85,000 if Goldman Sachs goes bust.
It’s probably not for you if you can afford to put money away for a while or you have enough to make regular deposits. Regular savings or fixed-rate savings accounts typically offer better rates.
However, if you’re looking at getting an easy-access account then this one is seriously worth considering. Some other easy-access accounts will give you one or two withdrawals a year before penalising you but Marcus gives you unlimited withdrawals and deposits. In addition, its interest rate is among the best. There is one string attached: there is a 0.34% bonus for the first 12 months so your interest rate will drop after the first year. When it does, you might consider swapping to another easy-access savings accounts.
"This account’s a good option if you’re happy with app-only access to your savings account. Marcus regularly offers temporary interest boosters, which you need to manually activate on your account to receive the highest interest rate available to you. They are a welcome surprise, but this account might not be suitable if you would rather an out of sight, out of mind approach with little admin. You need to keep on top of your emails from Marcus to ensure you are receiving the highest interest rate, as the boosters are quite significant amounts.It was very easy to open the account and the app has a simple interface.
If there’s one thing you’d tell a friend who’s thinking of getting this, what would it be?
Mark Marcus as a high priority sender in your emails!”"
Marus won the savings category in the Finder Customer Satisfaction Awards in 2024, with 100% of customers saying they’d recommend the service to a friend. Feedback included praise for its interest rates and easy to use app.
One customer commented: “Competitive interest rate, simple and efficient online platform.”
Another customer said: “This account is easy to access and you can withdraw funds at any time. I have often received bonus rates. I feel their rate has always been competitive.”
The Marcus app has a rating of 4.8 out of 5 from around 14,000 reviews on the App Store. On Google Play, the app has a score of 4.4 from over 11,000 Android app users (February 2024).
With unlimited withdrawals and deposits and one of the best interest rates around, Marcus’s easy-access account is seriously worth considering. Just to be sure, though, check out our other savings reviews first to make sure it’s the best choice for your money.
All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.
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