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Savings Rates

Products currently available

Everyday Savings Account

Preferential interest rate for our current account customers:

Interest rates subject to variation
From ToAERGrossNet
27/01/2014Present0.75%0.75%0.60%

Standard interest rates for all other customers:

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

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 23

Fixed Rate Savings Issue 23
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross1.10%1.25%1.60%
Net0.88%1.00%1.28%
Fixed Rate Savings Issue 23 (Cash ISA)
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free1.40%1.50%1.60%

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%

Monthly Saver

M&S Monthly Saver is exclusively available to our current account holders.
FromToAmountAERGrossNet
26/09/2012Present£25-£250 per month6.00%6.00%4.80%

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 22

Fixed Rate Savings Issue 22 - Closed 16/02/2015
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross1.20%1.45%1.80%
Net0.96%1.16%1.44%
Fixed Rate Savings Issue 22 (Cash ISA) - Closed 16/02/2015
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free1.50%1.65%1.80%

Fixed Rate Savings Issue 21

Fixed Rate Savings Issue 21 - Closed 07/08/2014
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross1.30%1.55%1.80%
Net1.04%1.24%1.44%
Fixed Rate Savings Issue 21 (Cash ISA) - Closed 07/08/2014
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free1.50%1.65%1.80%

Fixed Rate Savings Issue 20

Fixed Rate Savings Issue 20 - Closed 21/11/2013
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross1.40%1.60%1.80%
Net1.12%1.28%1.44%
Fixed Rate Savings Issue 20 (Cash ISA) - Closed 21/11/2013
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free1.65%1.75%1.85%

Fixed Rate Savings Issue 19

Fixed Rate Savings Issue 19 - Closed 19/06/2013
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) - Closed 19/06/2013
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free1.65%1.75%1.85%

Fixed Rate Savings Issue 18

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 (Cash ISA) - Closed 18/02/2013
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

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 (Cash ISA) - Closed 22/01/2013
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

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 (Cash ISA) - Closed 10/12/2012
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

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 (Cash ISA) - Closed 07/11/2012
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

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 (Cash ISA) - Closed 17/10/2012
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

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 (Cash ISA) - Closed 01/08/2012
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

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 (Cash ISA) - Closed 08/02/2012
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

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 (Cash ISA) - Closed 07/09/2011
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

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 (Cash ISA) - Closed 17/10/2010
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

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 (Cash ISA) - Closed 05/04/2010
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

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 (Cash ISA) - Closed 30/09/2009
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

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 (Cash ISA) - Closed 21/04/2009
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

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 (Cash ISA) - Closed 21/01/2009
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

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 (Cash ISA) - Closed 26/11/2008
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

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 (Cash ISA) - Closed 16/10/2008
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

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 (Cash ISA) - Closed 02/07/2008
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

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 (Cash ISA) - Closed 05/12/2007
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

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 (Cash ISA) - Closed 19/06/2007
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 17/02/2015.

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M&S Cash ISA

Take advantage of this tax year's tax-free ISA allowance.

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