Excellent4.3

88% of customers recommended from 16 ratings

M&S Bank offers a variety of savings options to UK residents, varying from fixed to variable rate accounts. M&S Bank is the trade name of Marks & Spencer Financial Services PLC, and has a registered company number of 1772585. M&S Bank Savings are protected under the government back Financial Services Compensation Scheme (FSCS). M&S Bank Savings are authorised by the Prudential Regulation Authority (PRA) and regulated by both the Financial Conduct Authority (FCA) and the PRA, under the Financial Services Register as number 151427.

Compare M&S Bank Savings

Investment ISAs are tax-efficient wrappers for long term investments. You may get back less than you pay in as your capital isn't guaranteed and charges may apply. Your personal circumstances will determine how much tax you pay on your investments and returns; tax laws may change.

M&S Bank Monthly Saver
Account Type
Regular Saver
Open With
£25
Interest Rate
6% AER fixed for 1 year
Protection Scheme
FSCS
This product is only available to M&S Premium Current Account holders.
M&S Bank 3 Year Fixed Rate Savings Cash ISA Issue 23
Account Type
Cash ISA
Open With
£500
Interest Rate
1.6% AER fixed for 3 years
Protection Scheme
FSCS
M&S Bank 3 Year Fixed Rate Savings Issue 23
Account Type
Fixed Bond
Open With
£500
Interest Rate
1.6% AER fixed for 3 years
Protection Scheme
FSCS
M&S Bank 2 Year Fixed Rate Savings Cash ISA Issue 23
Account Type
Cash ISA
Open With
£500
Interest Rate
1.5% AER fixed for 2 years
Protection Scheme
FSCS
M&S Bank 1 Year Fixed Rate Savings Cash ISA Issue 23
Account Type
Cash ISA
Open With
£500
Interest Rate
1.4% AER fixed for 1 year
Protection Scheme
FSCS
M&S Bank Advantage Cash ISA
Account Type
Cash ISA
Open With
£100
Interest Rate
1.3% AER variable
Protection Scheme
-
M&S Bank 2 Year Fixed Rate Savings Issue 23
Account Type
Fixed Bond
Open With
£500
Interest Rate
1.25% AER fixed for 2 years
Protection Scheme
FSCS
M&S Bank 1 Year Fixed Rate Savings Issue 23
Account Type
Fixed Bond
Open With
£500
Interest Rate
1.1% AER fixed for 1 year
Protection Scheme
FSCS
M&S Bank Everyday Savings Ex/C
Account Type
Instant Access
Open With
£1
Interest Rate
0.75% AER variable
Protection Scheme
FSCS
M&S Bank Everyday Savings
Account Type
Instant Access
Open With
£1
Interest Rate
0.35% AER variable
Protection Scheme
FSCS
M&S Bank M&S ISA
Account Type
Investment ISA
Open With
£100 or £25/month
Interest Rate
-
Protection Scheme
FSCS

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M&S Bank Savings Reviews

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M&S Bank Savings Account Interest Vanished like Scotch Mist

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

I searched around for a decent rate of interest and found one with M&S, who offered 2.35%, - best of the bunch. This included a bonus awarded at the end of the first year. Unfortunately it was a variable rate, and sure enough, soon after I took it up the rate varied! I now have a basic rate of 0.35%, and unless I hang on for the year I won't get the bonus!

Good initial rate, easy to open and operate online.

Average interest rate.

by , 3 Jul 2013 report review

M & S saving account and current account

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by jaggie

Great all round service, great customer service, understanding customer issues and dealing with them on the spot

Customer services

NA

by , 18 Jun 2013 report review

Savings with M and S

Poor

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Very poor experience setting up fixed rate savings online and cut off with no answer twice after 20 minutes each time on the call line. Very poor call line quality. Not the service I was expecting. Greatly regret my decision.

Good rates clear information

Poor customer service

by , 25 Oct 2012 report review

M&S Bank Savings Accounts

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by RoseB

I have a few fixed rate ISAs with M&S, taken out when rates were higher in general (and M&S's were extremely competitive). It was difficult to get through on the telephone as they were so busy but I found my local branch very helpful. I'm putting £250 per month into their fixed rate monthly saver which pays 6% over the year.

by , 20 Jul 2013 report review

M&S Money ISA always consistent

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by suesku

Always consistent, sending updates and interest rates, detailed statements. Very Happy with service and performance. Customer services are always polite and helpful, I am able to call and speak to someone without a wait.

by , 12 Jul 2013 report review

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