M&S Everyday Savings Account

Simple, everyday savings

  • Save at an interest rate of 1.30% AER/1.29% Gross variable
  • Open an account with a deposit of just £1 - and top up your savings whenever you like
  • Fee-free withdrawals - take out up to £10,000 online or up to your balance over the phone

Apply for an M&S Everyday Savings Account

Features and benefits

Everyday Savings calculator

Your results

With an M&S Everyday Savings Account your savings after  year(s) and  month(s) could be:

Your total interest earned could be

Based on a variable interest rate of .

The calculations show the gross interest earned before tax is deducted at the basic rate (currently 20%). Interest rates are correct as at .

Access your savings online

Access your savings account online whenever and wherever you want. It's free, easy and secure. See Internet Banking for more information.

Fee-free withdrawals

There's no limit on how often you can dip into your savings - you can withdraw any amount from £1 up to £10,000 online, or up to the balance of your account over the phone.

Monthly interest payments

Interest is calculated daily and paid into your account monthly, so you don't have to wait to use the extra money your savings earn.

Manage your account easily

You can add money to your savings account by bank transfer from your linked account. The maximum for each deposit is £1 million.


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.

Interest is calculated daily and will be credited to your account monthly. Variable interest rates correct as at 20.04.2023.

Ready to apply?

Apply for an M&S Fixed Rate account

Lines are open 8am-8pm. Calls are recorded.