Home Save & Invest Fixed Rate Savings M&S FIXED RATE SAVINGS Save with certainty for as long as you choose With our Fixed Rate Savings, earn between 0.15% AER/Gross and 0.40% AER/Gross with fixed rates over 1, 2 or 3 years. Early withdrawal fees apply for deposits under £50,000. No Withdrawals for deposits £50,000+. Our Fixed Rate Savings are subject to availability. Apply for an M&S Fixed Rate Savings Interest Save for 1, 2 or 3 years The longer the term, the longer your interest is fixed. Interest 1 year fixed rate 2 year fixed rate 3 year fixed rate AER/Gross Footnote * 0.15% 0.20% 0.40% Features and benefits Peace of mind - know what your money will earn Because your interest is fixed for 1, 2 or 3 years, you can calculate exactly how much your money will earn, regardless of what happens to interest rates. Early closure option If you need to access your money, and provided your deposit is under £50,000, you can close your Fixed Rate Savings before the end of the fixed term. There will be a charge for doing this - please see early withdrawal charges below. Save up to £1 million Start saving from just £500 up to £1 million. Whatever your balance, you'll receive the same interest rate - and it's fixed for the full term. Easy to save You can open our Fixed Rate Savings online, by post or over the phone. It'll take just a few minutes. Interest paid annually You can add the annual interest to your savings - or transfer it elsewhere. Online Application You can open our Fixed Rate Savings online if you deposit less than £40,000**. If you want to open an account with £40,000** or more, please call us on 0808 001 1111. Definitions Footnote * [1] AER is the annual equivalent rate and illustrates what the rate of interest would be if interest was paid and compounded on an annual basis. Gross is the rate of interest if interest was paid and not compounded each year. All credit interest will be paid gross. Interest rates correct on 29.04.2021. Footnote ** [2] [3] We recommend you contact your bank before making a large deposit with your debit card so that they're aware that a payment will be requested from your account. This will reduce the chance of your payment being declined by your bank. Fixed Rate Savings calculator How long you want to save for: 1 year 2 years 3 years How much do you want to save: Instant help Ask our Virtual Assistant Important documents Fixed Rate Savings application form Fixed Rate Savings Summary Box Fixed Rate Savings Terms and Conditions UK FSCS Information Sheet and Exclusion List You may require Adobe PDF reader to view these documents. Download Adobe Reader You may also want to View our savings rates View our M&S Cash ISA View our Everyday Savings Account Early withdrawal charges Early closure option If you need to access your money, and provided your deposit is under £50,000, you can close your Fixed Rate Savings before the end of the fixed term. There's a single charge to do this. Depending on when the withdrawal is made, you may get back less than originally deposited. If your deposit is £50,000 or more you can't close your bond or withdraw any money until the end of the deposit term. Partial withdrawals are not permitted. 1 year fixed rate 2 year fixed rate 3 year fixed rate Early withdrawal charge £50 £75 £100 Ready to apply? Apply for an M&S Fixed Rate account 0808 001 1111 By post Please print and return the relevant forms in the 'Important documents' section. Lines are open 8am-6pm Monday to Friday, 9am-5pm Saturday (closed Sundays and public holidays). Calls are recorded. M&S Bank official page on Facebook M&S Bank official page on Twitter Internet Banking M&S Banking App Products M&S Credit Card M&S Personal loans M&S Club Rewards M&S Car Insurance M&S Pet Insurance M&S Travel Insurance M&S Home Insurance M&S Travel Money M&S Savings and Investments About us Contact us Find a Bureau Service status Careers Sitemap Legal Legal info M&S Bank Privacy Notice Cookie notice Accessibility This website is designed for use in the United Kingdom (UK) Cookies on this website We use cookies to help ensure that our website and services are able to function properly. These cookies are necessary and so are set automatically. We would also like to use some cookies to: make your visit more personal improve our website based on how you use it support our marketing These cookies are optional and you can choose which types you'd like to accept. To do this, select 'Manage cookie settings'. If you'd like to accept all optional cookies, select 'Accept all cookies'. To learn more about how we use cookies, visit our Cookie notice. Manage cookie settings Accept all cookies