Marcus by Goldman Sachs

Marcus by Goldman Sachs: online savings backed by Goldman Sachs

Marcus by Goldman Sachs is the trading name of Goldman Sachs International Bank for its UK savings offering. The entity presents itself as an online savings bank and highlights that its products are backed by more than 150 years of Goldman Sachs financial expertise. Deposits are protected by the FSCS (Financial Services Compensation Scheme).

Savings products

The Marcus range is built around three main products:

• Online Savings Account: savings account with a variable interest rate. At the time of review, the website showed 3.75% AER / 3.69% gross (variable), which included a fixed bonus rate of 0.49% gross for the first 12 months.
• Cash ISA: tax-free savings account with a variable rate. The published information indicated 4.01% AER / 3.94% tax-free (variable), with a fixed bonus rate of 0.74% tax-free for the first 12 months.
• 1 Year Fixed Rate Saver: one-year fixed term deposit, with 4.75% AER / gross (fixed). Withdrawals are not permitted during the term, although the account can be closed early for a fee.

The entity also maintains a section on historical interest rates and informational savings resources.

Mobile app and account management

Marcus offers a mobile app to access accounts. The website includes dedicated sections on managing your account, Power of Attorney and Bereavement.

Security and fraud prevention

The entity publishes guides to help protect against scams, such as the one titled "Stop, Check, Act and Monitor", and maintains a security centre with information on how to act against fraud targeting savers.

Customer service

The customer care team is available by phone Monday to Friday, 8am to 8pm. The website also offers help and support sections to answer questions about managing your account.

Corporate details

Marcus by Goldman Sachs is a registered trademark and trading name of Goldman Sachs International Bank, registered in England and Wales with number 1122503. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Its Financial Services Register number is 124659. Its registered office is at Plumtree Court, 25 Shoe Lane, London, EC4A 4AU.

Location and contact

Plumtree Court, 25 Shoe Lane, London, EC4A 4AU