M&S Everyday Savings Account

Simple, everyday savings

Our features and benefits

  • Save at an interest rate of 2.00% AER/1.98% 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 Everday Savings Account

Everyday Savings calculator

your Everyday Savings

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 .

Benefits of an M&S Everyday Savings Account

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.

Access your savings online

You can also access your savings account online whenever you want safely and securely. Find out more information about how to register for Internet Banking and download the M&S Banking App in our digital banking hub.

Ready to apply?

Apply for an M&S Everyday Savings Account

Apply over the phone

You can call us on 0808 001 3131. Lines are open 8am-8pm. Calls are recorded.


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 10.08.2023.