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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 To AER Gross Net
27/01/2014 Present 0.75% 0.75% 0.60%

Standard interest rates for all other customers:

Interest rates subject to variation
From To AER Gross Net
12/04/2013 Present 0.35% 0.35% 0.28%
03/01/2013 11/04/2013 1.35% 1.34% 1.07%
Interest rates subject to variation. Rate included a 1% bonus for 12 months from account opening.
From To Including bonus Go to rate
AER Gross Net AER Gross Net
24/08/2010 02/01/2013 2.35% 2.33% 1.86% 1.35% 1.34% 1.07%
14/05/2009 23/08/2010 1.56% 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
28/07/2016 -1.10%1.10%
10/05/201327/07/20161.30%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 26

Fixed Rate Savings Issue 26
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross1.00%1.10%1.40%
Fixed Rate Savings Issue 26 (Cash ISA)
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free1.10%1.20%1.30%

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

From 1 January 2016, the rate above is no longer guaranteed to at least equal the Bank of England’s base rate. The rate above is variable. Available to existing Tracker Cash ISA option savers only.
FromToAER/Tax-free
06/03/2009Present 0.50 %
06/02/200905/03/20091.00 %

Monthly Saver

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

All credit interest is paid gross.

Bank of England Base Rate

Base Rate History

FromToRate
06/03/2009Present 0.50 %
06/02/200905/03/20091.00 %

Products no longer available

Fixed Rate Savings Issue 25

Fixed Rate Savings Issue 25 - Closed
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross1.00%1.10%1.40%
Fixed Rate Savings Issue 25 (Cash ISA) - Closed
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free1.40%1.50%1.60%

Fixed Rate Savings Issue 24

Fixed Rate Savings Issue 24 - Closed
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross1.00%1.10%1.40%
Net0.80%0.88%1.12%
Fixed Rate Savings Issue 24 (Cash ISA) - Closed
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free1.40%1.50%1.60%

Fixed Rate Savings Issue 23

Fixed Rate Savings Issue 23 - Closed
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) - Closed
Interest1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free1.40%1.50%1.60%

Fixed Rate Savings Issue 22

Fixed Rate Savings Issue 22 - Closed
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 and illustrates what the rate of interest would be if interest was paid and compounded on an annual basis. Gross is the rate of interest if interest was paid and not compounded each year. All credit interest will be paid gross.

FSCS - find out more

M&S Cash ISA

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

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Rates for our current savings products and those no longer available.

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