Home Save & Invest Everyday Savings Account M&S EVERYDAY SAVINGS ACCOUNT Simple, everyday savings Save at an interest rate of 0.01% AER/Gross variable Open an account with a deposit of just £1 - and top up your savings whenever you like Penalty-free withdrawals - take out up to £10,000 online or up to your balance over the phone Apply for an M&S Everyday Savings Account Features and benefits Everyday Savings calculator How long you want to save for: 0 years 1 year 2 years 3 years 4 years 5 years 0 months 1 month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 10 months 11 months Initial deposit amount: Monthly additional savings: Access your savings online Access your savings account online whenever and wherever you want. It's free, easy and secure. See Internet Banking for more information. Penalty-free withdrawals There's no limit on how often you can dip into your savings - you can withdraw any amount from £1 up to £10,000 online, or up to the balance of your account over the phone. Monthly interest payments Interest is calculated daily and paid into your account monthly, so you don't have to wait to use the extra money your savings earn. Manage your account easily You can add money to your savings account by cheque or bank transfer, or you can make regular deposits by standing order. The maximum for each deposit is £1 million. Definitions 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. Interest is calculated daily and will be credited to your account monthly. Variable interest rates correct as at 05/05/2020. Instant help Ask our Virtual Assistant Important documents Everyday Savings Account Summary Box Everyday Savings Account 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 Fixed Rate Savings Ready to apply? Apply for an M&S Fixed Rate account 0808 001 3131 Lines are open 8am-8pm. 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 Need help?