Marcus bank: Goldman Sachs to CLOSE easy access savings to new customers from Wednesday | Personal Finance | Finance

“In terms of the best deals, NS&I may be paying the top easy access rate today, but there is no guarantee this will stay in the pole position in the future.

“The savings market is changing quickly, so if consumers are hoping to grab the best possible return on their cash, they will need to act fast.

“It is worth pointing out that easy access accounts pay a variable rate of interest and this can change at any moment.”

Last month, Marcus and Saga dropped their interest rates on their easy access savings accounts.

Marcus, operated by Goldman Sachs, stated it is reducing the interest rate on its Online Savings Account from 1.20 percent to 1.05 percent AER variable.

The reduction applied immediately from May 13, 2020 for new customers, while Marcus representatives said existing customers would get at least 14 days notice of the change, which would come into effect for these savers on May 30, 2020.

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