Marcus savings accounts

Marcus by Goldman Sachs offers a select range of savings accounts with interest rates up to 4.7%.

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Marcus by Goldman Sachs
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Good for flexibility and easy access savings accounts
Limited in the account types it has on offer

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 4.7% is available on its fixed-rate bond account.

Easy access savings accounts

Table: sorted by interest rate
Marcus by Goldman Sachs's best easy access rate of 4.55% is significantly lower than today's market-best rate of 7.49%.
1 - 2 of 2
Name Product Account type Withdrawals Min. opening balance Interest rate Deposit protection Open via Incentive Apply link
Marcus by Goldman Sachs® – Online Savings Account
Variable
Instant access
£0
4.55% AER variable (includes a 0.49% bonus )
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
Marcus by Goldman Sachs® – Cash ISA
Cash ISA
Instant access
£0
4.55% AER variable (includes a 0.49% bonus )
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
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Compare more instant and easy access accounts up to 7.49%

Cash ISAs

Table: sorted by interest rate
Marcus by Goldman Sachs's best cash ISA rate of 4.55% is slightly lower than today's market-best rate of 5.1%.
1 - 1 of 1
Name Product Interest rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description Apply link
Marcus by Goldman Sachs® – Cash ISA
4.55% AER variable (includes a 0.49% bonus )
£1
Monthly
Instant access
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
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Compare more ISAs up to 5.1%

Fixed-rate bonds

Table: sorted by interest rate
Marcus by Goldman Sachs's best fixed-rate bond rate of 4.7% is slightly lower than today's market-best rate of 5.5%.
1 - 1 of 1
Name Product Interest rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description Apply link
Marcus by Goldman Sachs® – 1 Year Fixed Rate Saver
4.7% AER fixed for 1 year
£1 - £250,000
On maturity
Withdrawals not permitted
Website, mobile app
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
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Compare more fixed-rate bonds up to 5.5%

What is Marcus by Goldman Sachs's best savings account with the highest interest rate?

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
Best easy access rate 4.55%
Best cash ISA rate 4.55%
Best fixed-rate bond rate 4.7%
Fixed bond terms 1 year
Opening options Website, mobile app
FSCS protection

Is the account online?

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.

What you need to open a Marcus account

  • You must be aged 18 or over
  • Have a UK address and be resident in the UK for tax purposes
  • Have a UK current account with a sort code and account number
  • Have a UK mobile phone

Customer service information for Marcus

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Is Marcus safe?

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.

Who is this savings account for?

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.

Case study: Kirsty raised her interest rate with Marcus' boosters

Kirsty Adams profile pic
Kirsty Adams

Works in Finder's People & Culture team

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!

Marcus customer reviews

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).

Our verdict: Is it worth saving with Marcus?

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.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Publisher

Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio

Matthew's expertise
Matthew has written 244 Finder guides across topics including:
  • Helping first-time buyers apply for a mortgage
  • Comparing bank accounts and highlighting useful features
  • Publishing easy-to-understand guides

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4 Responses

    Default Gravatar
    LloydFebruary 22, 2023

    I have Power of Attorney for my mother who has an account with you. Im trying to find out how I get access to the account and statements etc as the other LPA is not giving me these details etc.

      AvatarFinder
      LizMarch 6, 2023Finder

      Hi. You’ll need to contact the provider directly. Finder is a comparison site. Hope that helps.

    Default Gravatar
    DerekApril 4, 2019

    If I save £40k for a year in the Marcus easy access account paying 1.5%, what will my end of year balance be by taking and reinvesting monthly interest as opposed to taking annual interest and why?

      AvatarFinder
      johnbasanesApril 5, 2019Finder

      Hi Derek,

      Thank you for reaching out to Finder.

      Though we are not directly linked to Marcus savings a quick computation on your question reveals that on a monthly interest of 1.5% and reinvesting it into the account again would get you 47824.73. I could not compute the annual interest as I do not have a specific value to compute it on. Please reach out to Marcus Savings to get details answers to your questions. Hope this helps!

      Cheers,
      Reggie

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