M&S launches new cash Isa
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Money News |
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M&S launches new cash Isa
Thu 4th Feb 2010
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With a variable rate of 2.65 per cent AER, the Isa can be opened with an initial investment of as little as £100.
Consumers will also be given a bonus rate of 1.25 per cent for 18 months from their first investment into the product, which allows monthly deposits from £25 through direct debit.
Withdrawals from the account are permitted, but the money cannot then be paid back in during the same tax year.
Colin Kersley, chief executive of M&S Money, said: "Cash savings are protected under the UK Financial Services compensation scheme and the first £50,000 of our customers' savings are 100 per cent guaranteed."
Drivers looking to get back into their cars after the recent spate of cold weather were advised by Marks and Spencer to check anti-freeze levels and ensure lights and windscreen wipers were working before heading onto the roads.
Click here for more banking news
Related News : Banking |
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