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2mo ago

Marcus Launches Market-Leading 4.55% One-Year Fix With Early Exit Option

With the base rate at 3.75% plus further cuts forecast, savers face a brief window to lock in inflation‑beating returns.

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Overview

  • The new Marcus account pays 4.55% for 12 months and unusually lets customers withdraw early for up to 90 days’ interest.
  • The offer outpaces the next best one-year fix at 4.27% from Shawbrook and even the 4.5% top easy-access rate from Chase.
  • Consumer champion Martin Lewis says the deal has been hugely popular and could close by the end of January 21 due to demand.
  • Rival options remain competitive, including OakNorth’s 4.35% one-year fix via the Meteor Savings platform and short-term increases from Shawbrook.
  • The Bank of England cut the base rate to 3.75% last month, with expectations of further reductions, while Moneyfacts counts 1,406 accounts currently beating 3.5% CPI inflation.