M&S Money savings rate changes

Following last week's 1.50% Bank of England Base Rate change, the M&S variable Cash ISA rate has changed from 4.50% to 3.00% AER/tax-free.

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 a range of Fixed Rate Savings offering guaranteed interest rates over 1, 2 and 3 years up to 5.00% AER/gross. Fixed Rate Savings are available both inside and outside an ISA wrapper.

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