No notice period. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the FSCS
Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older
Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.45% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. FSCS protected
Unlimited withdrawals subject to 95 days notice. No notice period. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the FSCS. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals only
Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must have a linked UK current account
All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Unlimited withdrawals subject to 14 days notice. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
3 penalty-free withdrawals in a 12 month period. 4.72% AER/4.62% gross (3.82% AER/3.75% gross + 0.90% AER/0.87% gross 12-month boost). Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. 3.62% AER/3.55% gross if 4 or more withdrawals are made within 12 months (on boosted rate). 2.72% AER/ 2.68% gross if 4 or more withdrawals are made within 12 months (without 12 month boost). Must be UK resident. Must be aged 18 or older
Currently offering some of the best Switch Rewards on the market, the M and S current account is an attractive option. Particularly if you usually shop at Marks and Spencer. The two incentives are:
A £100 Marks and Spencer gift card when you switch to their service.
A further £10 every month for 12 months as long as you meet their requirements.
You will have access to a monthly savers account which helps you to save at 5pc AER/gross fixed rate for 12 months.
This totals at a potential £220 free. To obtain the reward your switch must include two active Direct Debits; this will successfully earn you the £100. Following that, you should pay a minimum of £1000 in to your new current account and two Direct Debits must remain active. If you meet the requirements for that month then you will receive £10. However, if you don’t make the minimum monthly pay-in then you are not charged any extra. You simply lose this reward.
Why switch to Marks and Spencer?
There is no monthly fee for using the account.
You will receive a £500 overdraft when opening the account which includes £100 interest free. This is one of the highest interest free overdraft amounts.
The remaining overdraft is charged at 15.9pc EAR, which also makes it one of the lowest rates of interest charged.
You will have access to preferential rates on various Marks and Spencer Bank products.
You will be able to earn 1 point per pound spent in store or online through their loyalty scheme. Possibly saving you even more as you spend.
Aside from the standard online banking app, Marks and Spencer also offers a Balance App which can help you top up your mobile, view your recent transactions and generally keep your finances in order.
24 hour UK call centre and in branch support. As branches are based within store they have longer opening times than most banks which is very convenient during the working week.
The overdraft facility is an excellent plus for this account and Marks and Spencer also offer a £50 overdraft buffer facility to help you out when they receive any payments that will take your account beyond your overdraft limit. There is no fee for this service so you are only required to pay back the extra money and the incurred overdraft interest.
Additionally, if you have an overdraft limit and provide them with your phone number then you will receive text alerts. This enables you to budget and be aware of your overdraft limit. You are able to request a different overdraft limit at any time or simply not have one. Marks and Spencer is covered by the £75,000 UK savings guarantee. While this account does not provide interest on the money in your account, this is counteracted by the excellent switch rewards for the first year and access to the 5% savings account. Overall this is a great current account option.
