M&S Bank savings accounts
M&S Bank offers a variety of savings accounts with interest rates up to 4%.

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% is available on one of its cash ISA accounts.
We currently don't have that product, but here are others to consider:
How we picked theseWe currently don't have that product, but here are others to consider:
How we picked theseWe currently don't have that product, but here are others to consider:
How we picked theseThe 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 |
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Best easy access rate | 1.3% |
Best cash ISA rate | 4% |
Best fixed-rate bond rate | 4% |
Fixed bond terms | 1 year - 3 years |
Opening options | Website, post, telephone |
FSCS protection |
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:
Email support | |
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Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
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.
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