This comparison simply includes all savings accounts.
Marks & Spencer Bank Instant Access Savings Accounts
Why we like it: MARKET LEADING. 0.60% AER if customer makes two or fewer withdrawals within an anniversary year. If a customer makes three or more withdrawals in an anniversary year the rate reduces to 0.10% from the date of the third withdrawal. Monthly or annual interest. Must be UK resident and be aged 18 or older. Maximum deposit £1,000,000. Manage your account online. Covered by the FSCS
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)
Why we like it: Balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest. Eligible deposits covered by UK FSCS.
Why we like it: You need to download the Plum Savings App and sign up for the Plum Plus or Plum Pro subscription to access 0.60% AER. Plum can help you save automatically. Interest is calculated daily but is applied to your account monthly. Your money is covered by the FSCS up to £85,000, if the scheme applies to you. If you would deposit £1,000 into your savings account, without adding or withdrawing any money throughout the year, you would have a predicted £1,006 in your account at the end of the year (at 0.60% interest). Interest accounts are provided by Investec Bank, who have the right to change the rate at any time. Must be UK resident. Must be aged 18 or older
Why we like it: Unlimited withdrawals subject to 95 days notice.
Why we like it: Unlimited withdrawals subject to 120 days notice.
Why we like it: 2.00% interest for 12 months on balances up to £1,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Access to Flexclusives - Select Credit Card and low personal loan rate. Must be aged 18 or older
Why we like it: Earn 0.60% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm.
Marks & Spencer Bank Instant Access Savings Accounts
Marks & Spencer are well known for their success in the retail industry, but they also offer personal and business banking services. They provide a range of accounts that offer flexible access to your money, including high interest instant access savings accounts.
Marks & Spencer Bank Everyday Savings Account
The Marks & Spencer Everyday Savings account is one of their high interest accounts that does not restrict your ability to make a deposit at any point and allows you to withdraw up to £10,000 per day from your savings. The account gives you complete control of your finances and instant access to your savings with no extra cost.
Marks & Spencer Bank’s Everyday Savings account has some of the best monthly interest that high street banks have to offer, as it provides competitive interest rates. The accounts features make it suitable for students, young professionals, over 50s, those look toward retirement and retired individuals. Marks & Spencer are determined to provide the best banking services to all ages, which is why their Everyday Savings account is a good option as a savings account for over 60s.
- Competitive interest rates
- Open an account with just £1
- Maximum deposit of £1 million
- Unlimited withdrawals
- Easy saver rates
- Manage your accounts instantaneously with online access
Review our table above to compare Marks & Spencer Bank’s savings account with other instant access high street savings accounts.
Quick online application setup from Marks & Spencer Bank
With UK savings rates at an all time low you need to take action to ensure your savings are getting the best interest deal possible.
The interest rates currently on offer through savings accounts do not provide enough interest to beat inflation, let alone match it, which means that people are losing money in real terms. There are a variety of savings accounts available in the UK; however, they do not give savers any real financial advantage to savers. This is because savings accounts’ interest is determined by the base rate set by the Bank of England. We can help you compare a selection of some of the best interest paying accounts.
For savers looking to access their money regularly, a good instant access savings account will offer flexible withdrawal facilities while combining these with a good rate of interest.
See here for a comparison of leading UK Everyday Savings accounts