M&S Money fixed-rate savings option with mini cash Isa to be launched

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M&S Money fixed-rate savings option with mini cash Isa to be launched

Wed 21st Feb 2007

The M&S Money fixed-rate savings option with mini cash Isa is set to be launched at the end of the month, aimed at customers who wish to receive guaranteed high interest rates.

Available over the course of one, two or three years, the M&S Money fixed-rate savings option without the Isa component is ideal for savers looking to utilise fixed-rates but who have already used up their Isa allowance for the tax year.

This limited offer will be introduced to the marketplace on February 28th and it will be launched with a rate of 5.55 per cent AER which is tax-free.

Brendan Cook, chief executive of M&S Money, stated: "Our mini cash Isa has been extremely popular since launch three years ago.

"We are now responding to customers who asked us for the option of guaranteed interest rates as well as the convenience of instant access variable rates.

Also, the longer the term that a customer takes on the M&S Money fixed-rate savings option with mini cash Isa, the higher the rate of interest they will be entitled to receive.

Customers gain the flexibility of choosing either a fixed or variable rate on the M&S mini cash Isa, or alternatively, split the product between both types of rate.

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