Goldman Sachs’ retail bank attracts 50,000 customers in first two weeks
More than 50,000 customers have signed up to investment banking giant Goldman Sachs' retail bank Marcus since it launched two weeks ago.
The brand, named after co-founder Marcus Goldman, offers an annual equivalent rate of 1.5 per cent, including a 12-month bonus rate of 0.15 per cent.
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“We’ve been astounded by reaching 50,000 account sign-ups in just over a week since our launch. It’s exceeded our most ambitious expectations – and frankly, it sends a clear message to the market that savers are hugely frustrated with low interest rates," said Marcus by Goldman Sachs managing director Des McDaid.
“People work hard for their money, so finally it’s time for their savings to work harder for them.”
The consumer arm was launched in the US two years ago and has gathered more than $20bn (£15.5bn) in deposits.
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