M&S Bank launches 6% savings rate - Savings - News | moneyfacts.co.uk


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M&S Bank launches 6% savings rate

M&S Bank launches 6% savings rate

Category: Savings

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 It is now over 6 months old so the content may be out of date.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?

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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 Any products featured may be withdrawn by their provider or changed at any time.