Goldman Sachs’s digital retail bank, Marcus, has introduced a new Cash ISA here in the UK.
In Brief:
With the cloud-based bank, users can create a savings account online or on mobile.
They can start with as little as £1.
People can deposit as much as £20,000, tax free.
What does this mean?
Marcus says that this will enable customers to have more options for saving their money – especially as at the moment, interest rates are low and the company has recently cut its famously market-leading interest rate on its savings account.
