Be suspicious of any institutional finance business moving into retail markets. They will almost certainly be out to exploit investor ignorance for reasons like getting cheap funding or slumping performance and client losses on the institutional side.
Ofc that goes for retail specialists too tbh.
Interesting to see if Fidelity's zero fee funds lead to a shake out.
heh! funnily enough I thought "I am not sure I would trust a guy called Marcus Goldman not to rip me off" then worried that might be subconsciously anti-semitic but my only exposure to anti-semitism is through the works of Shakespeare and rof so I think it's the estate agent thing.
I don’t get the point, it’s just a savings account with a low (which is to say about market) rate of interest, named after a name that is unfailingly given to choppers of the first order in real life.
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Not least because I learned about them from a Facebook ad ?!
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Why not. Get the vampire squid on your side. (This should be their advertising tagline.)
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I say do it.
Maybe the 1.5% annual return (before tax) will turn your whole world view around.
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cash savings? what is the rate on offer? isn't this market as about as attractive as a 3 legged ogre
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Be suspicious of any institutional finance business moving into retail markets. They will almost certainly be out to exploit investor ignorance for reasons like getting cheap funding or slumping performance and client losses on the institutional side.
Ofc that goes for retail specialists too tbh.
Interesting to see if Fidelity's zero fee funds lead to a shake out.
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that's what I feared, MF
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My ifa told me he'd heard of people being turned down, no explanation. (I guess he sees it as competition so keen to Diss if he can).
I have been thinking about it.
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hm,maybe it creates cachet
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Heh. #youcantbankwithus
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I would if it had been branded as Goldmans however they've named it after a provincial estate agent.
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heh! funnily enough I thought "I am not sure I would trust a guy called Marcus Goldman not to rip me off" then worried that might be subconsciously anti-semitic but my only exposure to anti-semitism is through the works of Shakespeare and rof so I think it's the estate agent thing.
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I have just opened one, the online banking site is very nice and easy to use
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woohoo!
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If Martin Lewis suggests going for it then it is fine by me
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I don’t get the point, it’s just a savings account with a low (which is to say about market) rate of interest, named after a name that is unfailingly given to choppers of the first order in real life.
Coming next, “Toby by Credit Suisse”
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Where can you get a better rate without locking in?
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tbf I think Marcus was so named in yore
1.5% is a good rate
no doubt coutts offers 20000%
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