New Cash ISA Limits

A higher tax-free savings limit if you’re 50 or over

Did you know, if you’re going to be 50 or over on 5 April 2010, you can be one of the first to take advantage of the new tax-free cash ISA limit of £5,100?

And don’t worry if you won’t have reached 50 by 5 April 2010 – you can make the most of the new limit from the start of the next tax year on 6 April 2010, when everyone’s cash ISA limit will increase from £3,600 to £5,100.

Fancy a top-up?

So, if you’re 50 or over – even if you’ve already put money into our Advantage Cash ISA option this tax year, you can now top up by at least a further £1,500 and make even more of our competitive Advantage Cash ISA rate.

Don’t waste a minute of tax-free interest - top up your M&S Cash ISA today.

Get a taste for great rates with an M&S Cash ISA

From tasty treats to the softest cashmeres, you can always trust M&S to deliver that little bit extra. Our M&S Cash ISA is no different:

• Our Advantage Cash ISA option offers a variable rate of 2.50% tax free/2.25% AER which includes a 1% bonus until 21 July 2010, then reverts to our standard variable rate (currently 1.50% tax free/AER)
• Alternatively you might prefer the Fixed Rate Savings option, earning up to 4.00% tax-free/AER for 1, 2 or 3 years.
• Or you might like to divide your tax-free savings between variable and fixed rates.

Enjoy the reassurance of saving with a name you know you can rely on – apply for an M&S Cash ISA today.

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. Tax free means the rate of interest where interest is exempt from income tax. Interest will be credited to your account annually.

The tax benefits provided by a cash ISA depend on individual circumstances and may change in the future.

Interest rates are correct as at 05/11/2009.