M&S Money increases Cash ISA interest rate

M& S Money is increasing its Cash ISA rate from 5.00% to 5.25% with effect from tomorrow, Friday 12th January 2007, following the decision by the Monetary Policy Committee to increase the Bank of England Base Rate by 0.25%.

Immediate response to Bank of England base rate change thanks to M&S cash ISA guarantee.

The rate increase will apply to the M& S Mini Cash ISA, Tessa Only ISA and the cash component of the M&S Maxi ISA.

Customers benefit immediately when base rate changes as M& S has guaranteed their interest rate to be at least equal to Bank of England base rate until 31st December 2007.

Customers can apply for the M& S Mini Cash ISA, MAXI Cash ISA and Tessa Only ISA via the internet at marksandspencer.com/minicashisa.