Product category:
Savings and investment
News Release from: Marks & Spencer Money | Subject: ISA
Edited by the Insidemoneytalk Editorial
Team on 13 February 2008
MandS money extends cash ISA rate
guarantee until 2010
MandS Money is extending the interest rate guarantee on its variable rate Mini Cash ISA, underlining its commitment to offering customers consistently good savings rates.
MandS Money will now guarantee that the variable rate paid will at least match the Bank of England's base rate until 1st January 2010.Following last week's Bank of England Base Rate change, the MandS variable Cash ISA rate changed from 5.50% to 5.25% AER/tax-free* with effect from Friday 8th February 2008.MandS Money also offers 1, 2 and 3 year Fixed Rate Savings with guaranteed interest rates up to 5.70% AER/gross**, available both inside and outside an ISA wrapper.Mini Cash ISA customers can choose between fixed and variable rates of interest, or split their annual allowance between the two, using one simple application form Anyone aged 16 and over can put up to £3,000 this tax year into a Mini Cash ISA - an ordinary savings account with the advantage of all interest being tax free
This article was originally published on Insidemoneytalk on 14 May 2007 at 8.00am (UK)
Related stories
MandS Money increases variable cash ISA interest rate
Immediate response to Bank of England base rate change thanks to MandS Cash ISA Guarantee
Customers can apply for the MandS Cash ISA via the internet at www.marksandspencer.com/isa, by calling MandS Money free on 0800 028 2824.
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