skip to main content

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
18/10/2016 - 0.50% 0.50%
06/04/2016 17/10/2016 0.75% 0.75%
Interest rates subject to variation
From To AER Gross Net
27/01/2014 05/04/2016 0.75% 0.75% 0.60%

Standard interest rates for all other customers:

Interest rates subject to variation
From To AER Gross
18/10/2016 - 0.10% 0.10%
06/04/2016 17/10/2016 0.35% 0.35%
Interest rates subject to variation
From To AER Gross Net
12/04/2013 05/04/2016 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.
From To Tax Free Rate AER
18/10/2016 - 0.80% 0.80%
28/07/2016 17/10/2016 1.10% 1.10%
10/05/2013 27/07/2016 1.30% 1.30%
06/03/2013 09/05/2013 2.25% 2.25%
11/12/2012 05/03/2013 2.75% 2.75%
09/02/2012 10/12/2012 3.00% 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.
From To Tax Free Rate AER Go to rate AER/Tax Free
22/07/2010 08/02/2012 1.50% 1.50% N/A
22/06/2010 21/07/2010 2.50% 1.58% 1.50%
22/05/2010 21/06/2010 2.50% 1.67% 1.50%
22/04/2010 21/05/2010 2.50% 1.75% 1.50%
22/03/2010 21/04/2010 2.50% 1.83% 1.50%
22/02/2010 21/03/2010 2.50% 1.92% 1.50%
22/01/2010 21/02/2010 2.50% 2.00% 1.50%
22/12/2009 21/01/2010 2.50% 2.08% 1.50%
22/11/2009 21/12/2009 2.50% 2.17% 1.50%
22/10/2009 21/11/2009 2.50% 2.25% 1.50%
01/10/2009 21/10/2009 2.50% 2.33% 1.50%
22/09/2009 30/09/2009 2.50% 2.08% 1.50%
22/08/2009 21/09/2009 2.50% 2.17% 1.50%
22/07/2009 21/08/2009 2.50% 2.25% 1.50%
22/06/2009 21/07/2009 2.50% 2.33% 1.50%
12/06/2009 21/06/2009 2.50% 2.42% 1.50%
22/04/2009 11/06/2009 3.10% 3.02% 2.10%
22/01/2009 21/04/2009 3.10% 3.10% 2.10%

Fixed Rate Savings Issue 27

Fixed Rate Savings Issue 27
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 0.70% 0.80% 0.90%
Fixed Rate Savings Issue 27 (Cash ISA)
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 0.80% 0.90% 1.00%

Monthly Saver

M&S Monthly Saver is exclusively available to our current account holders.
From To Amount AER Gross
26/09/2012 Present £25-£250 per month 6.00% 6.00%

All credit interest is paid gross.

Bank of England Base Rate

Base Rate History

From To Rate
05/08/2016 Present 0.25 %
06/03/2009 04/08/2016 0.50 %
06/02/2009 05/03/2009 1.00 %

Products no longer available

Flexi Cash ISA option - Closed

Only available to existing Flexi Cash ISA option customers. This option will close on 16/10/2016.

From To AER Tax-free Go to rate AER/Tax-free
10/05/2013 16/10/2016 1.30% 1.30% 0.05%
06/03/2013 09/05/2013 2.25% 2.25% 1.00%
09/02/2010 05/03/2013 2.65% 2.65% 1.40%

Tracker Cash ISA option - Closed

Only available to existing Tracker Cash ISA option customers. This option will close on 16/10/2016.

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.
From To AER/Tax-free
06/03/2009 16/10/2016 0.50 %
06/02/2009 05/03/2009 1.00 %

Fixed Rate Savings Issue 26

Fixed Rate Savings Issue 26 - Closed 27/07/2016
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 1.00% 1.10% 1.40%
Fixed Rate Savings Issue 26 (Cash ISA) - Closed 27/07/2016
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 1.10% 1.20% 1.30%

Fixed Rate Savings Issue 25

Fixed Rate Savings Issue 25 - Closed 12/05/2016
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 1.00% 1.10% 1.40%
Fixed Rate Savings Issue 25 (Cash ISA) - Closed 12/05/2016
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 1.40% 1.50% 1.60%

Fixed Rate Savings Issue 24

Fixed Rate Savings Issue 24 - Closed 15/02/2016
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 1.00% 1.10% 1.40%
Net 0.80% 0.88% 1.12%
Fixed Rate Savings Issue 24 (Cash ISA) - Closed 15/02/2016
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 1.40% 1.50% 1.60%

Fixed Rate Savings Issue 23

Fixed Rate Savings Issue 23 - Closed 27/07/2015
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 1.10% 1.25% 1.60%
Net 0.88% 1.00% 1.28%
Fixed Rate Savings Issue 23 (Cash ISA) - Closed 27/07/2015
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 1.40% 1.50% 1.60%

Fixed Rate Savings Issue 22

Fixed Rate Savings Issue 22 - Closed 16/02/2015
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 1.20% 1.45% 1.80%
Net 0.96% 1.16% 1.44%
Fixed Rate Savings Issue 22 (Cash ISA) - Closed 16/02/2015
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 1.50% 1.65% 1.80%

Fixed Rate Savings Issue 21

Fixed Rate Savings Issue 21 - Closed 07/08/2014
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 1.30% 1.55% 1.80%
Net 1.04% 1.24% 1.44%
Fixed Rate Savings Issue 21 (Cash ISA) - Closed 07/08/2014
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 1.50% 1.65% 1.80%

Fixed Rate Savings Issue 20

Fixed Rate Savings Issue 20 - Closed 21/11/2013
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 1.40% 1.60% 1.80%
Net 1.12% 1.28% 1.44%
Fixed Rate Savings Issue 20 (Cash ISA) - Closed 21/11/2013
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 1.65% 1.75% 1.85%

Fixed Rate Savings Issue 19

Fixed Rate Savings Issue 19 - Closed 19/06/2013
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 1.60% 1.70% 1.80%
Net 1.28% 1.36% 1.44%
Fixed Rate Savings Issue 19 (Cash ISA) - Closed 19/06/2013
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 1.65% 1.75% 1.85%

Fixed Rate Savings Issue 18

Fixed Rate Savings Issue 18 - Closed 18/02/2013
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 1.80% 1.90% 2.00%
Net 1.44% 1.52% 1.60%
Fixed Rate Savings Issue 18 (Cash ISA) - Closed 18/02/2013
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 1.85% 1.95% 2.05%

Fixed Rate Savings Issue 17

Fixed Rate Savings Issue 17 - Closed 22/01/2013
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 2.10% 2.30% 2.50%
Net 1.68% 1.84% 2.00%
Fixed Rate Savings Issue 17 (Cash ISA) - Closed 22/01/2013
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 2.35% 2.45% 2.55%

Fixed Rate Savings Issue 16

Fixed Rate Savings Issue 16 - Closed 10/12/2012
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 2.30% 2.50% 2.70%
Net 1.84% 2.00% 2.16%
Fixed Rate Savings Issue 16 (Cash ISA) - Closed 10/12/2012
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 2.80% 2.90% 3.00%

Fixed Rate Savings Issue 15

Fixed Rate Savings Issue 15 - Closed 07/11/2012
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 2.95% 3.10% 3.25%
Net 2.36% 2.48% 2.60%
Fixed Rate Savings Issue 15 (Cash ISA) - Closed 07/11/2012
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 2.95% 3.10% 3.25%

Fixed Rate Savings Issue 14

Fixed Rate Savings Issue 14 - Closed 17/10/2012
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 3.10% 3.25% 3.50%
Net 2.48% 2.60% 2.80%
Fixed Rate Savings Issue 14 (Cash ISA) - Closed 17/10/2012
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 3.10% 3.25% 3.50%

Fixed Rate Savings Issue 13

Fixed Rate Savings Issue 13 - Closed 01/08/2012
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 3.25% 3.50% 3.75%
Net 2.60% 2.80% 3.00%
Fixed Rate Savings Issue 13 (Cash ISA) - Closed 01/08/2012
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 3.25% 3.50% 3.75%

Fixed Rate Savings Issue 12

Fixed Rate Savings Issue 12 - Closed 08/02/2012
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 3.10% 3.20% 3.50%
Net 2.48% 2.56% 2.80%
Fixed Rate Savings Issue 12 (Cash ISA) - Closed 08/02/2012
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 3.10% 3.20% 3.50%

Fixed Rate Savings Issue 11

Fixed Rate Savings Issue 11 - Closed 07/09/2011
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 3.00% 3.20% 3.50%
Net 2.40% 2.56% 2.80%
Fixed Rate Savings Issue 11 (Cash ISA) - Closed 07/09/2011
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 3.00% 3.20% 3.50%

Fixed Rate Savings Issue 10

Fixed Rate Savings Issue 10 - Closed 17/10/2010
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 2.50% 2.85% 3.25%
Net 2.00% 2.28% 2.60%
Fixed Rate Savings Issue 10 (Cash ISA) - Closed 17/10/2010
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 2.50% 2.85% 3.25%

Fixed Rate Savings Issue 9

Fixed Rate Savings Issue 9 - Closed 05/04/2010
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 2.50% 3.00% 4.00%
Net 2.00% 2.40% 3.20%
Fixed Rate Savings Issue 9 (Cash ISA) - Closed 05/04/2010
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 2.50% 3.00% 4.00%

Fixed Rate Savings Issue 8

Fixed Rate Savings Issue 8 - Closed 30/09/2009
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 1.50% 2.00% 3.00%
Net 1.20% 1.60% 2.40%
Fixed Rate Savings Issue 8 (Cash ISA) - Closed 30/09/2009
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 1.50% 2.00% 3.00%

Fixed Rate Savings Issue 7

Fixed Rate Savings Issue 7 - Closed 21/04/2009
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 2.50% 2.75% 2.75%
Net 2.00% 2.20% 2.20%
Fixed Rate Savings Issue 7 (Cash ISA) - Closed 21/04/2009
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 2.50% 2.75% 2.75%

Fixed Rate Savings Issue 6

Fixed Rate Savings Issue 6 - Closed 21/01/2009
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 2.75% 3.00% 3.25%
Net 2.20% 2.40% 2.60%
Fixed Rate Savings Issue 6 (Cash ISA) - Closed 21/01/2009
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 2.75% 3.00% 3.25%

Fixed Rate Savings Issue 5

Fixed Rate Savings Issue 5 - Closed 26/11/2008
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 5.00% 4.50% 4.50%
Net 4.00% 3.60% 3.60%
Fixed Rate Savings Issue 5 (Cash ISA) - Closed 26/11/2008
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 5.00% 4.50% 4.50%

Fixed Rate Savings Issue 4

Fixed Rate Savings Issue 4 - Closed 16/10/2008
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 6.01% 5.80% 5.70%
Net 4.81% 4.64% 4.56%
Fixed Rate Savings Issue 4 (Cash ISA) - Closed 16/10/2008
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 6.01% 5.80% 5.70%

Fixed Rate Savings Issue 3

Fixed Rate Savings Issue 3 - Closed 02/07/2008
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 5.70% 5.50% 5.40%
Net 4.56% 4.40% 4.32%
Fixed Rate Savings Issue 3 (Cash ISA) - Closed 02/07/2008
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 5.70% 5.50% 5.40%

Fixed Rate Savings Issue 2

Fixed Rate Savings Issue 2 - Closed 05/12/2007
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 6.16% 6.06% 6.00%
Net 4.93% 4.85% 4.80%
Fixed Rate Savings Issue 2 (Cash ISA) - Closed 05/12/2007
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 6.16% 6.06% 6.00%

Fixed Rate Savings Issue 1

Fixed Rate Savings Issue 1 - Closed 19/06/2007
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Gross 5.40% 5.45% 5.55%
Net 4.32% 4.36% 4.44%
Fixed Rate Savings Issue 1 (Cash ISA) - Closed 19/06/2007
Interest 1 year
fixed rate
2 year
fixed rate
3 year
fixed rate
AER/Tax-Free 5.40% 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.