M&S Money Announces New Fixed Rate Savings of Up to Three Years at 3.5%
M&S Money has announced new Fixed Rate Savings options of up to three years at 3.50%.

LONDON, ENGLAND, November 11, 2010 /24-7PressRelease/ -- M&S Money is offering new Fixed Rate Savings options for up to three years at 3.50%. The fixed rates are available within or outside of an ISA*.

One year on from the increase in ISA limits for savers aged 50 plus, many savers may have one year fixed rate accounts that are coming to maturity now.

The guaranteed interest rates are available over 1, 2 and 3 years at up to 3.50% AER/gross**. This is a strictly limited offer and replaces the previous issue.

1 year term - 3.00% AER/gross**, 2.40% net
2 year term - 3.20% AER/gross**, 2.56% net
3 year term - 3.50% AER/gross**, 2.80% net

Customers can choose between fixed and variable rate options within the M&S ISA, or split their annual allowance between the two, using one simple application form.

The M&S Flexi Cash ISA option offers a variable rate of 2.65% AER/tax-free**. This includes a bonus rate of 1.25% for 18 months from initial deposit.
- Minimum deposit GBP100
- From GBP25 a month by direct debit
- Transfers from other Cash ISA providers accepted
- Withdrawals without penalty, although once the maximum Cash ISA allowance of GBP5,100 for this tax year is reached, any withdrawals cannot be replaced

Customers can apply for M&S Fixed Rate Savings online at www.marksandspencer.com/fixedratesavings.

Press Release Contact Information:

Simon Coughlin
M&S Money
Media Relations Manager
8 Canada Square
Canary Wharf, London
United Kingdom E14 5HQ
Voice: 020 7992 1574
Website: Visit Our Website