Marcus by Goldman Sachs | Online Savings Account launched 🇬🇧

I can see this on their website. Do you have link of the 1.25%?

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Would anybody like to invite me to chip for the +1?

Haven’t yet used chip+ or whatever it is called, so can’t vouch for it, but done!

If anyone would like to slide into my DMs too, that would be appreciated :wink:

Edit: I’m all good now guys

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Good stuff, thank you.

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If two of you need an invite one of you just needs to download the app and then invite the other and you’ll both get the 1.25% :+1:

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If anyone else needs a Chip+1 link you can use mine:

[edit: I have removed the invite link since my post was flagged, apologies]

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Can you invest £5k into Chip’s interest account and not pay any fees on the service itself?

Currently trying to work out how to do this.

I think you could put the minimum bank balance ridiculously high £1m+ which prevents auto-saving being triggered which is when the fees come into play

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yes just change the auto save settings

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Oops sorry looks like I wasn’t meant to invite y’all above, post says flagged as inappropriate :see_no_evil:

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Currently, if you turn off the auto saving you won’t get charged any fees, however there have been a few updates to the fee structure recently so worth keeping an eye on

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The Marcus interest rate is dropping to 0.4% on 1st April 2021 :cry:

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Paltry as it is to begin with I’m sure that 0.4% rate will be at least halved by this time next year.

Cash ISAs were a decent inclusion to an investment portfolio back in the days of 5% interest rates but not now.

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Cash rly is trash for the foreseeable.

…cash flow however, that be a different story :smirk:

The western world has entered the era of ‘invest in everything’, ‘hold very little cash’.

I wish I could comment more of an insight than that.

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1.25% in chip currently up to 10k