The short answer is no, Marygold does not currently charge any fees for customers using the service. There are no fees for:
- Account opening or closing
- Transferring funds in or out of your Marygold accounts
- Transferring funds between non-Marygold accounts
- Creating Money Pools or Piggy Banks with Marygold
- Any other features within the Marygold app (e.g. nudges)
Marygold does receive a small fee from Griffin for account balances we help bring to their platform, but that fee is not taken out of the interest paid to our customers.
In addition, we have plans in the future to offer other account types like Individual Savings Accounts (ISAs) and Self Invested Personal Pensions (SIPPs), these new account types will be subject to a Marygold fee for customers that want these accounts types. The fee will be transparent and clear to all customers.
We don't have time to deal with confusing and complicated fee structures and we think the same is true for our customers.