Access on closure only, subject to the rate reducing to match the Savings Account (currently 0.15%). After the first 12 months, the account reverts to either the Savings Account (currently paying 0.15%) or, for those who already hold it, the Everyday e-Saver (currently paying between 0.10% and 0.25%). Account is only available to customers who hold a First Direct 1st Account. Interest is paid on maturity.
Account is only available to M&S current account holders, who switched banks using the Current Account Switch Service and have two active direct debits.
Partial withdrawals are not permitted during the 12 month term. If you need access to your money early, you must close your account. If this happens, you will lose the Monthly Saver interest rate and instead you will receive interest up to the date of closure at the preferential Everyday Savings Account variable rate (currently 0.65%).
After 12 months, if you have an M&S Everyday Savings Account, your balance will be transferred into that account. If you do not have an M&S Everyday Savings Account, your balance will be transferred into your M&S current account. Interest is paid on maturity
Maximum of two easy access withdrawals allowed per calendar year. Additional withdrawals are permitted, subject to 120 days' notice. If fewer than 10 monthly deposits are paid in a 12 month period, the interest rate will be reduced to that of the Instant Access variable rate for that year. Savers who have met the terms and conditions will be eligible for a cashback equivalent to 5% of the closing balance in the account (up to a maximum of £1200 per mortgage completion). Interest is paid annually.
Easy access. On maturity, the account is transferred to a variable rate account. The maturity date is 01/07/2020. Interest is paid on the 31st of October each year and on maturity.
Account allows withdrawals on one day per account year based on the anniversary of account opening. After the first 12 months, the account reverts to the Triple Access Saver, paying 0.85%. Interest is paid annually.