The new challenger bank from Goldman Sachs has borrowed its name from Marcus Goldman , who founded the parent company in 1869 . The creation of Marcus is a part of Goldman Sachs ’ strategy to add US $ 5bn to its revenue by 2020 . The online bank is fee-free and offers high interest savings accounts , with bonus rates available to all customers . Up to £ 85,000 of any money held by the bank is protected by the Financial Services Compensation Scheme ( FSCS ).

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