Goldman Sachs closes market-leading Marcus account to new customers 

by

More gloom for savers as Goldman Sachs closes its market-leading Marcus account to new customers

By Miles Dilworth For The Daily Mail

Published: | Updated:

Goldman Sachs Marcus account, has been near the top of best buy tables since 2018

Beleagured savers have been dealt a fresh blow after Goldman Sachs closed its market-leading account to new customers.

Marcus, the bank’s easy-access account, has been near the top of best buy tables since 2018. 

It pays 1.05 per cent, the top rate on offer alongside RCI Bank’s Freedom Savings Account. 

It has attracted around £21 billion from more than half a million UK savers, mainly to its easy access account.

Goldman Sachs closed the account today, citing British banking rules. 

Retail deposits totalling more than £25 billion must be ring-fenced, so Marcus would have to be a separate legal entity in the UK.

[email protected]

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.