M&S Money increases variable cash ISA interest rate

Immediate response to Bank of England base rate change thanks to M&S Cash ISA Guarantee.

M&S Money is increasing its variable Cash ISA rate from 5.25% to 5.50%.

AER/tax-free with effect from tomorrow, Friday 11th May 2007, following the decision by the Monetary Policy Committee to increase the Bank of England Base Rate by 0.25%.

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.