Bonus rate extended on M&S Money Advantage Cash Isa
www.moneynews.co.uk > General finance > Bonus rate extended on M&S Money Advantage Cash Isa
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Money News |
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Bonus rate extended on M&S Money Advantage Cash Isa
Fri 30th Oct 2009
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Customers receive a variable interest rate of 2.25 per cent AER/2.50 per cent tax free, including the one per cent bonus.
The Isa, which was launched in January this year, was signed up to by twice as many new accountholders in its first three months as the original Isa did in the whole of 2008.
Colin Kersley, chief executive at M&S Money said that because of the success of the new option, the company elected to give consumers an extra helping of tax-free savings" through the extension of the bonus rate.
All funds in an M&S money account are guaranteed up to £50,000 by the UK Financial Services Compensation Scheme.
Isa holders looking for a good return on their cash can also take advantage of Fixed Rate Savings for interest rates up to 4.00 per cent AER/tax free over one, two and three years.
Click here for more general finance news
Related News : General finance |
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