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Goldman’s Marcus Continues to Lower Interest Rate on “High-Yield” Savings Account
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Goldman’s Marcus Continues to Lower Interest Rate on “High-Yield” Savings Account

Goldman’s Marcus Continues to Lower Interest Rate on “High-Yield” Savings Account

Emily Donato·
FintechNews RoundupUSA
·May. 19, 2020·1 min read

Last year many consumers were able to earn around 2% on savings accounts from the leading banks; since then rates across Ally, Barclays, Marcus and others have fallen dramatically due to the coronavirus; Marcus is being forthcoming and transparent to customers in their marketing materials, stating that they understand the continued rate drops are not welcome news; they then go on to promote their 7-month no penalty CD which currently stands at 1.55%; still Marcus and others offer much higher rates than the likes of Bank of America and JP Morgan Chase; Bloomberg shares more about the current interest rate environment and how various banks have reacted. Bloomberg

  • Emily Donato
    Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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AllyBarclaysGoldman Sachsinterest rateMarcussavings account

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