M&S Money issues new Fixed Rate Savings option

M&S Money is offering a new Fixed Rate Savings option with effect from 1st October 2009. The guaranteed interest rates are available over 1, 2 and 3 years at up to 4.00% AER/gross.

This is a strictly limited offer and replaces the previous issue which offered rates up to 3.00% AER/gross.

Customers can choose between current fixed or variable rate options, or split their annual allowance between the two, using one simple application form.

Commenting on the new offer, Colin Kersley, M&S Money Chief Executive, said; "We are delighted to be able to offer savers guaranteed rates up to 4% in good time for the new ISA limits for those aged 50 or over. Our customers trust M&S with their money and I anticipate a lot of interest in the new rates".

Customers can apply for M&S Fixed Rate Savings online at marksandspencer.com/fixedratesavings