M&S 3 Year Fixed Rate Savings
Compare the M&S 3 Year Fixed Rate Savings with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  Compare M&S 3 Year Fixed Rate Savings details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | Marks & Spencer www.marksandspencer.com | ||
| Product: | 3 Year Fixed Rate Savings | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Term | ||
| Rate Type: | The type of interest rate is fixed. | ||
| Headline Interest Rate: | The headline interest rate is 3.25% AER. | ||
| Application Criteria | |||
| Existing Customer Only: | No | ||
| Minimum Age: | The minimum age is 16 years. | ||
| Area Restrictions: | There are no area restrictions | ||
| Minimum Investment: | The minimum investment is £500. | ||
| Maximum Investment: | The maximum balance is £1000000. | ||
| Minimum Balance: | The minimum balance is £500, if the balance falls below this amount the account will be closed. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | There are no free gifts or incentives offered with this account. | ||
| Rates | |||
| Tax Free: | This product is not available tax free. | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £500 3.25% 3.25% 3.25% | ||
| Fixed Term: | The length of the fixed term is 3 years. | ||
| Fixed Term in Months: | The length of the fixed term is 36 months. | ||
| Fixed Interest Rate: | The interest rate is fixed. | ||
| Fixed Rate Period: | The interest rate is fixed for 3 years. | ||
| Term Period: | The length of the fixed term is 36 months. | ||
| Interest Payment Freq: | Interest is paid annually. | ||
| Managing Account | |||
| Passbook: | A passbook is not issued when this account is opened. | ||
| Transactions at Branch: | Transactions cannot be made at a branch. | ||
| Statement Frequency: | Statements are issued annually in May. | ||
| Transactions by Phone: | Transactions can be made by telephone. | ||
| Transactions by Internet: | Transactions cannot be made via the internet. | ||
| Transactions by Post: | Transactions can be made by post | ||
| Special Access: | Partial withdrawals are not permitted. Closure before maturity is permitted subject to charge of £100. | ||
| Withdrawal Conditions: | Withdrawal Conditions - Partial withdrawals are not permitted. Closure before maturity is permitted subject to charge of £100. This sum will be deducted from any final interest credited to the Fixed Rate bond and if this not sufficient, from the initial deposit. | ||
| Closure Before Maturity: | Closure is permitted before maturity. | ||
| Transferred on Maturity: | The customer will be written to before maturity detailing the options available to them. If no instructions are received, the account may be transferred to a Fixed Rate Bond or other savings option that Marks & Spencer make available. | ||
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| Products: | www6.marksandspencer.com Savings | ||
