M&S Money releases new savings deal

One year on from the ISA limit increase for savers over 50, many one-year ISAs are coming to maturity, with savers looking for the best savings rates to continue investing for their future.

M&S Money has increased its fixed-rate savings up to 3.50 per cent for customers looking to enhance their nest-eggs.

The new rate is available for one, two and three year accounts within or outside of an ISA.

Customers can choose between fixed or variable rate options within the M&S ISA, or split the annual allowance between the two.

The flexi cash ISA offers a tax free rate of 2.65 per cent AER, including a bonus rate of 1.25 per cent for 18 months from the initial deposit.

Accounts are available with a minimum deposit of £100 with transfers from other cash ISA providers accepted and withdrawals accepted without penalty.

Recent research from Skipton Building Society has shown that Brits are being very creative when it comes to their savings goals and it appears that when people have an aim for their savings they are more likely to put money away on a regular basis
 

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2010-10-18 12:38:14 © Moneyextra.com