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This comparison simply includes all savings accounts.

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 1.25%

Why we like it: Earn 1.00% gross/AER on balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest.

Aldermore
Notice Cash ISA Aldermore
Min deposit £1000
Term 30 Day Notice
Interest AER 1.30%

Why we like it: Unlimited withdrawals subject to 30 days notice.

Aldermore
Fixed Rate Cash ISA Aldermore
Min deposit £1000
Term 1 Year
Interest AER 1.50%

Why we like it: Open a 1 Year Fixed Rate Cash ISA with Aldermore Bank to get a great return. Withdraw cash early if you need to (subject to loss of interest).

Axis Bank
Fixed Rate Bond Axis Bank
Min deposit £1000
Term 1 Year
Interest AER 1.75%

Why we like it: Interest can be paid monthly, quarterly or at maturity - Minimum deposit £1,000 - Maximum deposit £200,000 - No withdrawals permitted - FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 2 Years
Interest AER 1.85%

Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 3 Years
Interest AER 1.90%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 4 Years
Interest AER 2.00%

Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 5 Years
Interest AER 2.05%

Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

Kuflink
Innovative Finance ISA (IFISA) Kuflink
Min deposit £100
Term 5 Years
Annual Interest Target rate 7.00%

Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Kuflink
Innovative Finance ISA (IFISA) Kuflink
Min deposit £100
Term 3 Years
Annual Interest Target rate 6.10%

Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

Kuflink
Innovative Finance ISA (IFISA) Kuflink
Min deposit £100
Term 1 Year
Annual Interest Target rate 5.00%

Why we like it: Why we like it: Up to £250 cashback for new investors.1, 3 or 5 year fixed term. Invest from £100 up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. Secured by UK property. No platform or investment fees. Interest paid annually. Returns are not guaranteed and your actual returns may vary. Capital is at risk

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

easyMoney
Classic Innovative Finance ISA (IFISA) easyMoney
Min deposit £10000
Term No Fixed Term
Annual Interest Target rate 7.28%

Why we like it: Invest up to £20,000 this tax year (2018/19) and/or transfer in from an existing Cash ISA, Stocks & Shares ISA or IFISA. When you join the easyMoney family you will automatically become an easyMoney plus card member, offering savings up to 55% at over 100 of Britain’s biggest retailers and more! e-Money Capital Ltd trading as easyMoney is authorised and regulated by the FCA (FRN 231680). As with all investing, your capital is at risk when you lend to businesses and returns are not guaranteed. No FSCS. For more details please refer to our full risk statement.

Disclaimer: When making a peer to business loan, your capital lent to a borrower is not covered in the event of loss by the FSCS

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Compare M&S Banks savings accounts

The best savings option for you will depend on how long you want to tie up your savings for, how much savings you have and what sort of interest you want.

M&S Bank have a number of savings options that may help you grow your savings quickly.

Current Accounts

There are many high street banks that have increased their current accounts’ interest rates to attract more custom.

The higher interest rates offered with current accounts have made more people use them for their savings.

M&S Bank provide a current account with competitive interest, along with awards for switching.

Instant Access Savings Accounts

If you require regular access to your savings, then an instant access could be a good option for you.  

Marks and Spencers Bank offer their Everyday Savings account, which provides instant access to your savings and a modest rate of interest.

Regular Savings Accounts

Regular savings accounts often have slightly higher rates of interest than instant access accounts, but normally require a commitment to deposit a certain amount of money each month.

The Monthly Saver from M&S Bank provides an impressive rate of interest as well as relatively low minimum monthly deposit.

Fixed Rate Bonds

Fixed rate bonds may be a good option for you, if you want to lock up your savings for a long time.

Fixed rate bonds provide competitive rates of interest, guaranteed for the life of the bond, providing you do not make a withdrawal from your savings.

M&S Bank have fixed rate bonds that run between 1 and 3 years.

Cash ISAs

Earning interest on your savings is one of the main considerations when looking for a savings account. However, the amount of tax you pay on said interest should be looked at too.

A cash ISA allows you to earn up to £20,000 tax-free interest, which may be an attractive prospect, especially if you have a substantial amount of savings.

M&S Bank have a range of cash ISA options for you to choose from, which vary in terms of interest rates and access.

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

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About us

Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.