Easy access
M&S Bank savings accounts
M&S Bank offers a variety of savings accounts with interest rates up to 4.05%.
No reviews yet.
Write a review
M&S Bank offers a wide range of savings accounts and ISAs. So whether you’re looking for short-term or long-term savings, M&S could have something for you.
M&S Bank's top savings rate of 4.05% is available on one of its cash ISA accounts.
Easy access savings accounts
Table: sorted by interest rate
M&S Bank's best easy access rate of 2.35% is significantly lower than today's market-best rate of 6.89%.
1 - 2 of 2
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseCash ISAs
Table: sorted by interest rate
M&S Bank's best cash ISA rate of 4.05% is lower than today's market-best rate of 5.71%.
1 - 4 of 4
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseFixed-rate bonds
Table: sorted by interest rate
M&S Bank's best fixed-rate bond rate of 4.05% is slightly lower than today's market-best rate of 4.65%.
1 - 3 of 3
Compare other products
We currently don't have that product, but here are others to consider:
How we picked these
What is M&S Bank's best savings account with the highest interest rate?
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts M&S Bank offers, plus the highest interest rate currently available.
| Savings account types include | Easy access, cash ISAs, fixed-rate bonds |
|---|---|
| Best easy access rate | 2.35% |
| Best cash ISA rate | 4.05% |
| Best fixed-rate bond rate | 4.05% |
| Fixed bond terms | 1 year - 3 years |
| Opening options | Website, post, telephone |
| FSCS protection |
How do I decide which account is for me?
Firstly, you need to work out what you want out of your savings account. You need to decide if you can afford to lock your money away for at least a year or if you’d prefer to be able to access it as and when.
You’ll generally get a better interest rate if you are happy to tie up your money in a fixed rate bond. But this type of account is best for those who have a lump sum to invest as you can’t usually add to your savings after the initial deposit. If you’d prefer to be able to top up your funds, as well as withdraw them, an easy access savings account will likely be the better option.
Once you’ve worked out what type of savings account you need, you can weigh up the different savings accounts available. Useful aspects to consider are:
- Interest rates
- Fees (if there are any)
- Access to cash (if you need quick access, for instance)
What are the pros and cons of banking with M&S?
Pros
- Range of accounts. Choose from an Everyday Savings account, fixed rate savings bonds and cash ISAs.
- Online banking. Apply and manage your M&S savings accounts online.
- FSCS protection. Your money is protected under the Financial Services Compensation Scheme.
Cons
- Clunky, outdated security. Customers need an ‘M&S PASS’ (either a physical or digital one). Without this small authentication gadget you won’t be able to login online, or make certain transactions.
- Basic app. Only lets you manage the Everyday Savings account.
- No bank branches. M&S Bank closed all of its bank branches in 2021 so you’ll no longer be able to benefit from face-to-face services.
Customer service information for M&S Bank
| Email support | |
|---|---|
| Telephone support | |
| In-app or live chat | |
| Contact form | |
| Branch support |
Our verdict
M&S Bank savings accounts include everyday, tax-free and fixed-rate options, so they should cover your needs, whether you’re looking to save little and often or in big chunks. Read our savings reviews first, though, to make sure an M&S savings account is right for you and see how it weighs up against other savings providers.
Frequently asked questions
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
FREE interest rate alerts
Sign up to receive the latest deals, expert tips, and a chance to win £800! (T&Cs)
Error placeholder Click here to sign in
More resources on Finder
More guides on Finder
-
Working from home statistics: How many people work from home?
Our research found that 41% of Brits work from home at least some of the time as of March 2025. We look at who is working from home and how working from home affects productivity.
-
Compare savings accounts with compound interest
We look at the definition of compound interest, what it concretely means and how you can use it to grow your savings more quickly.
-
Offshore savings accounts
Learn how offshore savings accounts work, which taxes you need to pay and how to score the best deal.
-
Halifax savings rates review, from savings accounts to ISAs
Whatever you’re saving for, find the right Halifax savings account for you. Our detailed guide walks you through which of Halifax’s savings accounts is for you.
-
Tesco Bank savings rates
Learn about the savings options at Tesco Bank, from ISAs to fixed rate savings. We highlight Tesco Bank savings accounts’ features and pros and cons.
-
Santander savings accounts
Our guide to Santander’s savings accounts. From ISAs to regular savings, from fixed-term to junior saving accounts, Santander might have the option for you.
-
Yorkshire Building Society savings accounts and interest rates
Yorkshire Building Society offers a range of savings accounts. If you’re looking to save, see our guide for more.
-
Nationwide savings account rates compared
Nationwide’s savings account options explained. Whether you’re happy to tie up your money or need instant access, we’ve covered the options.
-
Best Post Office savings account rates evaluated
Read about the Post Office and the savings accounts they offer. Find out more about the services Post Office Money provide, and see if they are right for you.
-
Barclays savings rates
Whatever you’re saving for, big or small, Barclays Bank offers a full range of savings accounts. Our guide takes you through the full range.