M&S introduces fixed-rate Isa option

Consumers can now take advantage of a fixed-rate savings option if they store their cash with M&S Money, it has been announced.

The firm is offering this option with its cash Isa products for a limited period at the start of the 2010-11 tax year.

Guaranteed interest rates are available over one, two and three years, at 2.5 per cent, 2.85 per cent and 3.25 per cent respectively.

Customers are able to choose between fixed and variable-rate options within the M&S Isa, or split their annual allowance between the two.

The lender is also offering a variable rate of 2.65 per cent, plus a 1.25 per cent 18-month bonus, to savers who make a minimum deposit of £100.

Earlier this week, all adult savers gained access to the extended annual Isa allowance of £10,200, which can be split equally across cash and share accounts.

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2010-04-07 13:28:59 © Moneyextra.com