It only takes a few minutes to apply for Fixed Rate Savings online. Before you start, please look at the What you should know before you apply section below.
To apply for an M&S Fixed Rate Savings you have to be a UK resident aged 16 or over. M&S Fixed Rate Savings is not available to residents of the Channel Islands and the Isle of Man.
We highly recommend you contact your bank before making a large deposit with your debit card so that they're aware that a payment will be requested from your account. This will reduce the chance of your payment being declined by your bank.
You can open Fixed Rate Savings online with up to £50,000. If you want to open an account with more than £50,000, call us on 0808 001 1111. Calls may be recorded.
To comply with regulatory obligations we need to collect certain personal information from you, including your employment and income details and how you will fund your account. We will conduct various checks on applications and transactions.
Your name and address will be checked with a credit reference agency to verify your identity and for crime prevention measures, using information from the Voters Roll and other public sources. If we're unable to confirm your details we will write to you to request verification prior to accepting and completing your application.
We will check to confirm the card being used is yours by using a database maintained by the UK banks (Address Verification System). If we are unable to confirm the card is yours we will write to you requesting additional documentation to verify the transaction and outline the action we will take if we do not receive the documentation.