Rate is going down, moved it all to atom when they cut rates months ago.
Guessing its time to ditch and go to atom I guess.
0.4% from 0.5%
2 Likes
Atom is already 0.37% for new customers, so itās inevitable that a reduction will follow.
Not heard anything from Marcus yet, however, given @desu post, I will soon.
Folks did predict it, based on the rate of the 1 Year Fixed Rate Saver.
Still got a legacy Skipton at 1.20% until Wednesday, when it lowers to 0.65% and down to 0.15% in September.
Also got a Saffron at 0.50% (no longer available).
Getting tired of moving money around though for the odd 0.10%
3 Likes
The Skipton decrease is a bit of a sickener (I have the ISA decreasing as well). Good while it lasted, I suppose. Having said that, arenāt we supposed to get 30 days notice of a change - on inspection, my letter (by post) was dated 1st March? Where have you got the September info from?
September is when my 0.50% bonus expires, leaving the current 0.15% base rate.
0.4% 
time to close my marcus account
I keep all mine open, just in case things change for the better in the future and they close applications from new customers 
9 Likes
Likewise. Some will keep it open even with a nil balance.
Virgin current and savings accounts (now called Virgin M as of yesterday) are also reducing rates, but not until towards the end of April AFAIK.
Blimey, thatās one heck of a dive. Payback for a rate of 1.2% which has been untenable for monthsā¦
.
1 Like
I wouldnāt. Existing customers always seem to fair better than new customers - at least of lateā¦
And anyway, thereās no one doing anything much better at the moā¦
1 Like
Iāve reduced what Iāve got in my Marcus account, but I havenāt closed it. Even though the rates are lower, I still want to have emergency money I can access straight away if needed, and all alternatives that offer better rates are not easy access.
2 Likes
I have Ā£1 in it
Just in case they raise it while closed to new customers.
3 Likes
Yep, me too. Costs nothing to keep it open so thereās no point closing it.
2 Likes
I enquired yesterday and they confirmed that
- The rate is still 0.75%.
- They have to give 30 days notice of a change.
- The standard 85k cover applies.
Tandem rate reducing from 0.75% to 0.40% wef 28th April.
1 Like
I donāt see the point in cash ISAs these days, such poor returns.
2 Likes
No transfers in, thoughā¦
There are a few offering leading rates, but not accepting transfers in though 
Yep, looks to be a slight font change, and losing the light orange accenting. Looks nice.
Marcus have an app!
Apple version
4 Likes
Fab, I was wondering when they will get round to it. Off to test it out
2 Likes