M&S Money increases one-year fixed saving rate

Friday, 09 September 2011 02:06

M&S Money is offering its customers higher returns on one of its savings products.

It has increased the interest on its one-year fixed-rate account from 3.00 per cent to 3.10 per cent AER/gross.

Funds deposited into this type of account can be incorporated into an Isa and are also available on a two-year deal at 3.20 per cent AER/gross or for three years at 3.50 per cent AER/gross.

In addition, customers can decide whether to split their money between fixed and variable rate options within their Isa in a single application.

Colin Kersley, chief executive of M&S Money, commented; "In these uncertain economic times, our customers are looking for security and a guaranteed rate of return.

"Offering to 'mix and match' fixed and variable rates, within or outside an Isa, gives our customers a range of options for their savings," he added.

Use the Myfinances.co.uk comparison tables to find the best deal on a new savings account

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