Marcus Bank


(Richard) #284

No, just the website, but the mobile site fits phones well!


(Richard) #285

That’s a lot of cheddar… :open_mouth:


(Nathan) #286

Justified indeed, i think we’re all of the mood that our money will go where ever the best rate is.

Lets hope other banks see this and think wow lets do this ourselves to make a little competition.


(#fullmonzo joint account since Aug18) #287

Just seen this new account @ 1.55%

Never heard of the company, website looks trash and 0.3% of the interest is only paid annually. I think Marcus is still in the lead compared to this, even with the slightly higher interest rate.


#288

That is incorrect. That interest is paid monthly, but after 12 months the rate drops to 1.25% variable

As opposed to Marcus, which will drop to 1.34% after 12 months


(Shreyas Zanpure) #289

ICICI is massive in India. I have banked with them for 15 years now, and their tech has been ahead of their indian competitors (HDFC, SBI, AXIS bank etc). However, being an Indian bank, I would always be wary about the hidden T & C’s. I have just posted another thread about investing in Zopa. Did not want to hijack this thread :slight_smile:


(#fullmonzo joint account since Aug18) #290

Interest paid: Monthly (bonus interest paid yearly)”

This is the statement on the account.


#291

I apologise, I see you are correct. That was hidden right at the bottom of their terms and conditions


(#fullmonzo joint account since Aug18) #292

I feel that with this and compound interest, Marcus may give a higher return if you deposit enough regularly.


#293

That looks awful. I think Marcus still wins for me. But good to see more banks entering with competitive rates.


(Bruce) #294

First Marcus Annoyances appearing…

No online support
No account support in anyway except telephone
No export of statement - still trying to work out how to get statements


(#fullmonzo joint account since Aug18) #295

My one and only gripe is no joint account access.


#296

Interested to know what support you’d need?

The only thing I can think of is if your money hasn’t arrived? But other than that, there aren’t any moving parts are there?


(Bruce) #297

You’re right it’s not a killer … but I need a bank statement to buy a house… so would like to ask where I’d get one from as there’s no reference to it except in the American site which talks about the ability to sign up for it at initial registration


(#fullmonzo joint account since Aug18) #298

I hadn’t thought of that. Did they tell you how to get a statement?


(Bruce) #299

Lol - only week day support and by phone … I’m a 21st century person, hate speaking to people haha - jokes just annoying


(Valeri) #300

Well, I’d assume they will add this functionality online eventually…


#301

An uncomplicated relationship so far :blue_heart:


(#fullmonzo joint account since Aug18) #302

But what an opportune day to release joint accounts - the only real issue with this product.


(Jolin) #303

The bank behind Marcus. Glad they’ve got their priorities right…