Marks and Spencer Money launch new fixed rate savings accounts
M&S Money have launched new fixed rate savings accounts with the following interest rates;
1 Year term is 5.70 per cent AER/Tax free, 5.70 per cent AER Gross, 4.56 per cent Net rate.
2 Year term is 5.50 per cent AER/Tax free, 5.50 per cent AER/Gross, 4.40 per cent Net rate.
3 Year term is 5.40 per cent AER/Tax free, 5.40 per cent AER/Gross, 4.32 per cent Net rate.
This is a strictly limited period offer. With the ISA there is a minimum deposit of £500 up to a maximum allowance of £3,000 per tax year and you can transfer from other ISA providers.
With the mini cash ISA you can choose from fixed or variable rates, or split the annual allowance between the two. If you’re 16 years old or over you can put up to £3,000 per tax year into a Mini Cash ISA. This is a standard savings account but the interest is all tax free.