Marcus savers could improve their savings with bonus rate – but will need to take action

1 min read

For customers with this boost, this means they will earn 0.5 percent going forward even if Marcus or Saga lower the interest rate for their accounts.

It is important that anyone who has opened any of these accounts regularly checks in on their account status, and calls in after 12 months to see when the bonus expires.

Both savings accounts with Marcus and Saga can be opened for as little as £1, casting the net wide for eligibility.

Deposits between £1 and £20,000 can be put into Marcus’ cash ISA account, which can be opened online.

Despite this deal, Britons should be aware that easy-access savings rates currently pay very little extra on average compared to other savings accounts.

Some may wish to shop around to find the deal which suits them best.

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