M&S FIXED RATE SAVINGS

Save with certainty for as long as you choose

  • Earn from 0.60% AER/Gross
  • Earn fixed rates of interest over 1, 2 or 3 years
  • Our Fixed Rate Savings are a limited offer, subject to availability

Apply for an M&S Fixed Rate Savings

Interest

Save for 1, 2 or 3 years

The longer the term, the longer your interest is fixed.

Interest 1 year fixed rate 2 year fixed rate 3 year fixed rate
AER/GrossFootnote* 0.60% 0.70% 0.80%

Features and benefits

Peace of mind - know what your money will earn

Because your interest is fixed for 1, 2 or 3 years, you can calculate exactly how much your money will earn, regardless of what happens to interest rates.

Early closure option

If you need to access your money, and provided your deposit is under £50,000, you can close your Fixed Rate Savings before the end of the fixed term. There will be a charge for doing this - please see early withdrawal charges below.

Save up to £1 million

Start saving from just £500 up to £1 million. Whatever your balance, you'll receive the same interest rate - and it's fixed for the full term.

Easy to save

You can open our Fixed Rate Savings online, by post or over the phone. It'll take just a few minutes.

Interest paid annually

You can add the annual interest to your savings - or transfer it elsewhere.

Definitions

Footnote* [1] 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. Interest rates correct on 10/02/2017.

Fixed Rate Savings calculator

Your Results

With an M&S Fixed Rate Savings Account your savings after  year(s) could be:

Your total interest earned could be £

Based on an interest rate of  AER/Gross

Early withdrawal charges

Early closure option

If you need to access your money, and provided your deposit is under £50,000, you can close your Fixed Rate Savings before the end of the fixed term. There's a single charge to do this. Depending on when the withdrawal is made, you may get back less than orginally deposited. If your deposit is £50,000 or more you can't close your bond or withdraw any money until the end of the deposit term. Partial withdrawals are not permitted.

1 year fixed rate 2 year fixed rate 3 year fixed rate
Early withdrawal charge £50 £75 £100

Ready to apply?

Apply for an M&S Fixed Rate account

By post
Please print and return the relevant forms in the 'Important documents' section.

Lines are open 8am-8pm Monday to Friday, 9am-5pm Saturday and 10am-4pm bank holidays. Calls are recorded.