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Marcus raises savings rate again to 1.5%

More good news for savers as Marcus raises his rates again to 1.5% for his online savings and cash Isa accounts

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Marcus of Goldman Sachs raises savings rates for the fifth time this year.

As of today, the interest on her Online Savings Account and Cash Isa will rise from 1.3 percent to a competitive 1.5 percent.

This is the best Isa savings rate on the market and one of the best low-threshold savings rates. Existing customers automatically get the new deal.

Rising rates: existing customers automatically get the new deal

Rising rates: existing customers automatically get the new deal

Both accounts also include a 12-month fixed-rate bonus of 0.25 percent, which has not changed since the June hike.

Marcus is also raising the interest rate on his 1-year Fixed Rate Saver from 2 percent to 2.2 percent.

To open an account, customers only need £1 and can save up to £250,000. You can save up to £20,000 in an Isa each year.

Last month we revealed how the largest British banks in the High Street are betraying savers by stubbornly holding interest rates at their lowest levels.

The worst offender was Barclays, which pays customers just 0.01 percent with its easily accessible account – or a stingy 10p for every £1,000 saved.

A Marcus spokesperson said, “We are committed to offering our customers competitive interest rates.”

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