More cash for Goldman. The hard push to build an online retail bank has led GS to offer 1.75% on deposits, clearly some of the highest rates in the US to lure them in.
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Goldman will pay big money for cash -- yes, even your measly savings
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Dismayed at the rates offered by online brokerage firms, he opened an account at Marcus and transferred over some cash. "There was a perception that in the past you needed a minimum of $5 million to do business with somebody like that, and now you can do it in a series of mouse clicks," Ponvert said. "I love the idea of it, that you can easily shop around for fair interest rates, as opposed to the old bricks-and-mortar model."
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