Marcus, the retail bank just started by Goldman Sachs, is signing up customers like you have never seen before. There are 50,000 customers that signed up with Marcus within two weeks in UK. Its savings account is offering interest rate of 1.5% for the initial year and 1.35% thereafter. The bank reported that it never expected such huge signups within two weeks.

This first retail product of the banking giant was launched on 27 September this year in UK. The bank is giving the best interest rate to its customers on the high street of UK. Des McDaid, the project’s lead, was happy to announce that the bank has already exceeded their expectations.

The bank is named after its founder and was launched in 2016 in the US. It is an effort towards diversifying the sources of revenue of people looking at the slow income generating traditional sources. The bank has given loans of worth around $2 billion in the US till date.

Source: Business Insider


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