Is it safe? / Marcus by Goldman Sachs®
Is Marcus by Goldman Sachs® safe?
Yes — Marcus by Goldman Sachs® is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the Goldman Sachs International Bank banking licence (The Goldman Sachs Group, Inc.). Important: that limit is shared with Marcus — money across these brands counts as one pot.
Protection
FSCS to £120,000
Licence holder
Goldman Sachs International Bank
Parent company
The Goldman Sachs Group, Inc.
The shared-limit catch
Marcus by Goldman Sachs® shares its banking licence with Marcus. If you hold savings with more than one of these, the £120,000 FSCS limit applies to the combined total — not per brand. Spreading large balances across different licences keeps every pound protected. Check your spread →
The fine print (verified July 2026)
Legacy Saga Savings accounts (opened before July 2025) sit on this licence too and share Marcus's limit.
Marcus by Goldman Sachs®'s current savings rates
- 1 Year Fixed Rate Saver4.9% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.