Marcus should start realizing that folks who are opening online accounts are among the most conscientious savers and are very aware of what rates are being offered by their competition. After being with Goldman-Marcus for about 2 years, I finally got tired of them always being among the last Johnny-come-lately to catch up with others in raising their rates. In the last couple of months I've pulled my remaining 100K out of Marcus and added it to my Cit Bank and PurePoint accounts which are firm banks too, but who are always among the first to raise their rates. It doesn't help Marcus too that these banks are not only fast and proactive about it, but they also offer higher rates as well.
Purepoint 1.9%
CIT 1.85%
I opened a Discover savings account, and my account was suspended when I tried to link an ach with a large credit union.
I opened a Vanguard money market and learned all ach transfers will always have a 60 day hold. Not disclosed in the prospectus, which I had read thoroughly.
There are reasons people choose non rate leaders.
And Marcus is consistently in the top 10 nationally, has free wire and 1 day ach.
And, neither CIT or PurePoint appear to ever be rate leaders. Guess you have your own reasons for not going with rate leaders.
