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M&S Bank savings rates
8 accounts listed. The highest rate is 4.45% AER on the Fixed Rate Savings Issue 66 (3 year) (fixed for 3 years).
FSCS protection: up to £120,000 per person across everything you hold with HSBC UK Bank plc, which also trades as HSBC UK and first direct. Money in those counts towards the same limit.
Easy access
| Account | AER | Access | Min to open |
|---|---|---|---|
| Advantage Cash ISA optionISA | 2.30% | Easy access | £1 |
| Everyday Savings Account | 1.05% | Easy access | £1 |
Fixed term
| Account | AER | Access | Min to open |
|---|---|---|---|
| Fixed Rate Savings Issue 66 (3 year)Beats inflation | 4.45% | Fixed for 3 years | £1 |
| Fixed Rate Savings Issue 66 Cash ISA (3 year)ISABeats inflation | 4.45% | Fixed for 3 years | £1 |
| Fixed Rate Savings Issue 66 Cash ISA (2 year)ISABeats inflation | 4.30% | Fixed for 2 years | £1 |
| Fixed Rate Savings Issue 66 Cash ISA (1 year)ISABeats inflation | 4.20% | Fixed for 1 year | £1 |
| Fixed Rate Savings (2 year)Beats inflation | 4.20% | Fixed for 2 years | £500 |
| Fixed Rate Savings (1 year)Beats inflation | 4.15% | Fixed for 1 year | £500 |
Compare M&S Bank with every other bank
Who holds the money
- Deposit-taker
- M&S Bank, a trading name of HSBC UK Bank plc
- Incorporated in
- United Kingdom
- Regulated
- Yes, by the Prudential Regulation Authority and Financial Conduct Authority (FRN 765112)
- Protection and disputes
- Financial Services Compensation Scheme and Financial Ombudsman Service
- Capital
- Paid-up capital and reserves of £28,261m at 31 December 2025
- Website
- bank.marksandspencer.com. Every "Go to bank" link we show for M&S Bank leads only to this domain.
Complaints and reviews
- Complaints to the bank
- Complaints the bank itself reported to the FCA about banking and credit cards, for HSBC UK Bank Plc.73,367 complaints opened (2.26 for every 1,000 accounts); the bank upheld 58.9% of the complaints it closed. January to June 2026 (source)
These figures cover the whole firm behind M&S Bank, including current accounts, cards and loans, not just savings. Bigger firms have more customers and so more complaints. Periods differ between sources and are months old when published. They never change our rate order. FCA-format figures contain public sector information licensed under the Open Government Licence v3.0.
This page lists every M&S Bank account Juno has checked on the bank's own website, highest rate first. Rates can change at any time: check with the bank before you apply. "Beats inflation" means the AER, and the rate after any bonus, is above CPI inflation of 3.5% (September 2026, ONS), before tax. How we rank and how we're paid.