Goldman Sachs Marcus matches top savings deals by raising rate to 1.3%

Marcus by Goldman Sachs raises rate on its online savings account and cash Isa to 1.3% to match top savings deals

Marcus by Goldman Sachs has raised the interest rate on its online savings account and cash Isa.

They now match the top payers at 1.3 per cent. The rate includes a 0.25 percentage point bonus, up from a previous 0.1 point.

Top deal: Marcus by Goldman Sachs now pays 1.3%

New joiners will automatically get the new deal. Existing customers will need to log on and add it to their account. It is the fourth time this year the provider has increased its rates.

Zopa also raised the rate on its app-based easy-access Smart Saver to 1.3 per cent earlier this week.

Yorkshire BS pays a higher 1.33 per cent on its Internet Saver Plus, Issue 11, but you need £10,000 in your account to earn this rate. If your balance is less, the rate is 1.1 per cent.

Marcus Bank’s easy-access cash Isa rate of 1.3 per cent is now the best paying deal on the market, bettering Paragon Bank, paying 1.2 per cent. 

Savings accounts