Marcus by Goldman

Being Smarter With Your Money

It’s been several months now that we’ve been with our new sponsor, Marcus by Goldman Sachs, so today we’re bringing on Omer Ismail, the Head of U.S. Consumer Business at Marcus to discuss what’s behind the online bank. 

The focus at Marcus is on three main areas:

Value - Financial products intended to help the customers, from personal loans with fixed rates and customizable payment options to savings accounts that help customers meet their financial goals.

Transparency - The personal loans have no hidden fees. Same with the savings accounts. But there is an early withdrawal fee associated with the CDs. And money is made on interest from the loans. 

Simplicity - No jargon. No tricks. Just straight talk. Not to mention an intuitive digital experience and real people answering the phones at the customer call center.

The team at Marcus listened to more than 100,000 people and their experiences with money. Whether your goals are short-term or long-term, they likely have a product that will help you make the most of your money.

Have a money question? Email me here.

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#329 Marcus by Goldman Sachs

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We're keeping this blurb here for a while as a reminder that there's a new place for Jill on Money content - YouTube!  Seems like a no-brainer, but sometimes it takes a little outside help (h/t to JOM friend, Joe A!) to recognize the obvious.  So don't freak out.  Going forward, we're going to put all our radio and podcast content on YouTube! It'll be easier for you to navigate and listen to past shows, because everything will be in one place.  Just click any of the links below and you'll be able to listen to this week's show as well as anything else you see that might interest you, including all the Better Off podcast content if you haven't been listening. Let us know what you think by emailing us at askjill@jillonmoney.com.

CLICK HERE FOR LATEST SHOW ON YOUTUBE

June 24 Download Hour One Here

In hour one, we started with Steve from Minnesota who is about to become a millionaire!!!  Steve and his wife already have $750k saved in various accounts...and now, thanks to his ESOP plan, Steve will soon receive an additional $860k! To take advantage of this life changing event, Steve wanted to check in with us to make sure he's on the right track and not making any missteps along the way.

After Steve we chatted with Paul from Nebraska whose wife is about to inherit $200k.  And just like Steve, Paul isn't sure what they should do with it, hence his call to the show.

CLICK HERE FOR LATEST SHOW ON YOUTUBE

June 24 Download Hour Two Here

In hour two we were joined in studio by Harit Talwar and Dustin Cohn from Marcus by Goldman Sachs, two of the names behind the bank's newest offering. Named after Marcus Goldman, one of the firm’s founders, Marcus by Goldman Sachs relies on the strength and heritage of a 147-year-old financial institution to provide credit-worthy consumers with a transparent and simple approach to consolidate their high-interest credit card debt.

We field questions all the time from people with debt who are struggling to keep their heads above water.  This could be a good option if you find yourself in a similar situation.  Depending on your credit score, you could potentially refinance your debt with Marcus, at a rate as low as 6.99%.  That sure beats the double-digit rates you're likely paying to your credit card company.

Some of the other benefits include:

  • No fees.
  • Fixed rates throughout the term of the loan.
  • Choice of monthly payment date and payment options, designed to fit your budget.

Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:

  • Call 855-411-JILL and we'll schedule time to get you on the show LIVE