M&S Bank launches 6% savings rate - Savings - News - Moneyfacts

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M&S Bank launches 6% savings rate

M&S Bank launches 6% savings rate

Category: Savings

Updated: 01/10/2012
First Published: 01/10/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

M&S Bank has launched its Monthly Saver account available to customers with an M&S Premium Current Account.

The basics…

Fixed for twelve months, this regular savings account pays a monthly rate of 6.00% to savers committed to making regular monthly investments between £25 and £250.

The finer details….

Twelve deposits must be paid per year. Early access to funds is permitted, although this is subject to account closure and a rate reduction of 4.65% for the term.

Savers must be aged 18 and over to operate this account.

The Premium Current Account requires a monthly fee of £15.

Why we like it…

This latest savings account from M&S Bank pays a highly competitive rate to customers who take out or have an existing Premium Current Account. Four out of five Moneyfacts stars have been awarded.

What Next?

Find the best savings rates for you - Compare savings accounts

Find the best packagedaccount for you - Compare packaged accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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