M&S Money reduce rate on Cash ISA

Following the Bank of England Base Rate change, the M&S variable Cash ISA rate has changed from 5.25% to 5.00% AER/tax-free with effect from today, Friday 11th April 2008.

The variable Cash ISA interest rate is guaranteed to at least match the Bank of England's base rate until 1st January 2010.

M&S Money also offers 1, 2 and 3 year Fixed Rate Savings with guaranteed interest rates up to 5.70% AER/gross, available both inside and outside an ISA wrapper.

Customers can apply for the M&S Cash ISA via the internet at marksandspencer.com/isa.