New-York based bank Goldman Sachs is planning to launch an online deposit service in the United Kingdom by mid-2018, a retail service that will be provided under the bank’s year-old ‘Marcus’ brand.

According to the bank’s Head of Strategy, Stephen Scherr, who noted in remarks made to the Financial Times that the goal of the service will be the same as Marcus’ goal in the United States; “to offer consumers easy-to-use and higher-returning savings options than [they] might have elsewhere.”

Marcus, which was launched in October 2016, operates as Goldman’s consumer lending arm  in the U.S. According to Scherr, the U.K. business will buy deposits should the opportunity arise, but will at launch operate under the Marcus brand.

Since launch, Marcus has reportedly originated $1 billion in loans, with the goal of origination an additional $1

Read more at PYMNTs and The Financial Times (Paywalled).