Save & Invest

Savings Rates

Products currently available

Everyday Savings Account

Interest rates subject to variation
From ToAERGrossNet
12/04/2013Present0.35%0.35%0.28%
03/01/201311/04/20131.35%1.34%1.07%
Interest rates subject to variation. Rate included a 1% bonus for 12 months from account opening.
From To Including bonusGo to rate
AERGrossNetAERGrossNet
24/08/201002/01/20132.35%2.33%1.86%1.35%1.34%1.07%
14/05/200923/08/20101.56%1.55%1.24%0.55%0.55%0.44%

Advantage Cash ISA option

Only available to existing M&S Cash ISA option customers

Interest rates are variable and can change at any time.
FromToTax Free RateAER
10/05/2013present1.30%1.30%
06/03/201309/05/20132.25%2.25%
11/12/201205/03/20132.75%2.75%
09/02/201210/12/20123.00%3.00%
Rates included a 1% bonus payable until 21 July 2010. Interest rates were variable and could change at any time, including within the latest date range quoted above. The rates were presented in this way to reflect the reduction in the AER relative to the tax free rate over time. The AER reduced in this way because it was always calculated over a full 12 month period, while the bonus was only paid until a fixed date.
FromToTax Free RateAERGo to rate AER/Tax Free
22/07/201008/02/20121.50%1.50%N/A
22/06/201021/07/20102.50%1.58%1.50%
22/05/201021/06/20102.50%1.67%1.50%
22/04/201021/05/20102.50%1.75%1.50%
22/03/201021/04/20102.50%1.83%1.50%
22/02/201021/03/20102.50%1.92%1.50%
22/01/201021/02/20102.50%2.00%1.50%
22/12/200921/01/20102.50%2.08%1.50%
22/11/200921/12/20092.50%2.17%1.50%
22/10/200921/11/20092.50%2.25%1.50%
01/10/200921/10/20092.50%2.33%1.50%
22/09/200930/09/20092.50%2.08%1.50%
22/08/200921/09/20092.50%2.17%1.50%
22/07/200921/08/20092.50%2.25%1.50%
22/06/200921/07/20092.50%2.33%1.50%
12/06/200921/06/20092.50%2.42%1.50%
22/04/200911/06/20093.10%3.02%2.10%
22/01/200921/04/20093.10%3.10%2.10%

Fixed Rate Savings Issue 19

Fixed Rate Savings Issue 19
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross1.60%1.70%1.80%
Net1.28%1.36%1.44%
Fixed Rate Savings Issue 19 (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free1.65%1.75%1.85%

Flexi Cash ISA option

Only available to existing Flexi Cash ISA option customers

Rate includes a 1.25% bonus payable for 30 months from initial deposit. Any subsequent tops ups into your Flexi Cash ISA option will be subject to the bonus period commencing on your first deposit. If you withdraw or transfer out the entire balance of your Flexi Cash ISA option, then for any subsequent deposits into this option (or transfer in from another ISA manager) the bonus period will apply from the date of your first deposit rather than the date of the subsequent deposit following the withdrawal.
FromToAERTax-freeGo to rate AER/Tax-free
10/05/2013present1.30%1.30%0.05%
06/03/201309/05/20132.25%2.25%1.00%
09/02/201005/03/20132.65%2.65%1.40%

Tracker Cash ISA option

Only available to existing Tracker Cash ISA option customers

Interest Rates subject to variation. Upward changes in the interest rate will be made within 5 working days of a change in the Bank of England base rate.
FromToAER/Tax-free
06/03/2009Present0.50%
06/02/200905/03/20091.00%

Bank of England Base Rate

Base Rate History

FromToRate
06/03/2009Present0.50%
06/02/200905/03/20091.00%

Products no longer available

Fixed Rate Savings Issue 18 - Closed (18/02/2013)

Fixed Rate Savings Issue 18 - Closed (18/02/2013)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross1.80%1.90%2.00%
Net1.44%1.52%1.60%
Fixed Rate Savings Issue 18 - Closed (18/02/2013) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free1.85%1.95%2.05%

Fixed Rate Savings Issue 17 - Closed (22/01/2013)

Fixed Rate Savings Issue 17 - Closed (22/01/2013)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross2.10%2.30%2.50%
Net1.68%1.84%2.00%
Fixed Rate Savings Issue 17 - Closed (22/01/2013) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free2.35%2.45%2.55%

Fixed Rate Savings Issue 16 - Closed (10/12/2012)

Fixed Rate Savings Issue 16 - Closed (10/12/2012)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross2.30%2.50%2.70%
Net1.84%2.00%2.16%
Fixed Rate Savings Issue 16 - Closed (10/12/2012) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free2.80%2.90%3.00%

Fixed Rate Savings Issue 15 - Closed (07/11/2012)

Fixed Rate Savings Issue 15 - Closed (07/11/2012)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross2.95%3.10%3.25%
Net2.36%2.48%2.60%
Fixed Rate Savings Issue 15 - Closed (07/11/2012) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free2.95%3.10%3.25%

Fixed Rate Savings Issue 14 - Closed (17/10/2012)

Fixed Rate Savings Issue 14 - Closed (17/10/2012)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross3.10%3.25%3.50%
Net2.48%2.60%2.80%
Fixed Rate Savings Issue 14 - Closed (17/10/2012) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free3.10%3.25%3.50%

Fixed Rate Savings Issue 13 - Closed (01/08/2012)

Fixed Rate Savings Issue 13 - Closed (01/08/2012)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross3.25%3.50%3.75%
Net2.60%2.80%3.00%
Fixed Rate Savings Issue 13 - Closed (01/08/2012) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free3.25%3.50%3.75%

Fixed Rate Savings Issue 12 - Closed (08/02/2012)

Fixed Rate Savings Issue 12 - Closed (08/02/2012)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross3.10%3.20%3.50%
Net2.48%2.56%2.80%
Fixed Rate Savings Issue 12 - Closed (08/02/2012) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free3.10%3.20%3.50%

Fixed Rate Savings Issue 11 - Closed (07/09/2011)

Fixed Rate Savings Issue 11 - Closed (07/09/2011)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross3.00%3.20%3.50%
Net2.40%2.56%2.80%
Fixed Rate Savings Issue 11 - Closed (07/09/2011) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free3.00%3.20%3.50%

Fixed Rate Savings Issue 10 - Closed (17/10/2010)

Fixed Rate Savings Issue 10 - Closed (17/10/2010)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross2.50%2.85%3.25%
Net2.00%2.28%2.60%
Fixed Rate Savings Issue 10 - Closed (17/10/2010) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free2.50%2.85%3.25%

Fixed Rate Savings Issue 9 - Closed (05/04/2010)

Fixed Rate Savings Issue 9 - Closed (05/04/2010)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross2.50%3.00%4.00%
Net2.00%2.40%3.20%
Fixed Rate Savings Issue 9 - Closed (05/04/2010) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free2.50%3.00%4.00%

Fixed Rate Savings Issue 8 - Closed (30/09/2009)

Fixed Rate Savings Issue 8 - Closed (30/09/2009)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross1.50%2.00%3.00%
Net1.20%1.60%2.40%
Fixed Rate Savings Issue 8 - Closed (30/09/2009) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free1.50%2.00%3.00%

Fixed Rate Savings Issue 7 - Closed (21/04/2009)

Fixed Rate Savings Issue 7 - Closed (21/04/2009)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross2.50%2.75%2.75%
Net2.00%2.20%2.20%
Fixed Rate Savings Issue 7 - Closed (21/04/2009) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free2.50%2.75%2.75%

Fixed Rate Savings Issue 6 - Closed (21/01/2009)

Fixed Rate Savings Issue 6 - Closed (21/01/2009)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross2.75%3.00%3.25%
Net2.20%2.40%2.60%
Fixed Rate Savings Issue 6 - Closed (21/01/2009) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free2.75%3.00%3.25%

Fixed Rate Savings Issue 5 - Closed (26/11/2008)

Fixed Rate Savings Issue 5 - Closed (26/11/2008)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross5.00%4.50%4.50%
Net4.00%3.60%3.60%
Fixed Rate Savings Issue 5 - Closed (26/11/2008) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free5.00%4.50%4.50%

Fixed Rate Savings Issue 4 - Closed (16/10/2008)

Fixed Rate Savings Issue 4 - Closed (16/10/2008)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross6.01%5.80%5.70%
Net4.81%4.64%4.56%
Fixed Rate Savings Issue 4 - Closed (16/10/2008) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free6.01%5.80%5.70%

Fixed Rate Savings Issue 3 - Closed (02/07/2008)

Fixed Rate Savings Issue 3 - Closed (02/07/2008)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross5.70%5.50%5.40%
Net4.56%4.40%4.32%
Fixed Rate Savings Issue 3 - Closed (02/07/2008) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free5.70%5.50%5.40%

Fixed Rate Savings Issue 2 - Closed (05/12/2007)

Fixed Rate Savings Issue 2 - Closed (05/12/2007)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross6.16%6.06%6.00%
Net4.93%4.85%4.80%
Fixed Rate Savings Issue 2 - Closed (05/12/2007) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free6.16%6.06%6.00%

Fixed Rate Savings Issue 1 - Closed (19/06/2007)

Fixed Rate Savings Issue 1 - Closed (19/06/2007)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Gross5.40%5.45%5.55%
Net4.32%4.36%4.44%
Fixed Rate Savings Issue 1 - Closed (19/06/2007) (Cash ISA)
Interest1 year
fixed rate		2 year
fixed rate		3 year
fixed rate
AER/Tax-Free5.40%5.45%5.55%

* AER is the Annual Equivalent Rate. This is the interest rate you’d get if interest was paid and added to your savings on an annual basis. Gross means the rate of interest before the deduction of tax applicable to interest on savings. Net means the rate of interest after the deduction of the lower rate of tax. Tax-free means free from UK Income Tax and Capital Gains tax. Interest rates correct on 10/05/2013.

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