Marcus Closes Deposits to New Investors in the UK

By any measure the Goldman Sachs rollout of their Marcus deposit product in the UK has been a resounding success; so much so that they are getting close to their regulatory limits; since its launch in 2018 Marcus has attracted more than 500,000 savers and £21 billion; British banking rules demand ring-fencing, meaning they would need to create a separate legal entity, of retail deposits when the total reaches 25 billion pounds so Marcus has made the decision to curtail growth; Des McDaid, head of Marcus UK, said, “We’ve really seen our growth accelerate under lockdown as people hold off on discretionary spending and take time to reorganize their finances and get the best deal for their money.” Reuters


  • 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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