M&S Financial Products

Compare a range of financial products and services available from M&S. Read our section reviews, find a product that's right for you and apply online.

Marks and Spencer is best know for its network of over 840 stores throughout more than 30 countries across the globe. As well as selling clothing and food, it recently expanded into the financial services market and now provides M&S credit cards, savings accounts loans and insurance products, trading as Marks and Spencer Financial Services plc - a wholly owned subsidiary of HSBC Bank Plc authorised and regulated by the Financial Services Authority.

All Marks and Spencer accounts are protected by the Financial Services Compensation Scheme – set up to protect its members investors for up to £85,000 each (£170,000 for joint accounts).
Marks & Spencer credit cards are great for those who love to shop at M&S and want a range of great features and benefits. M&S Credit cards come with all the great option available on other products available on the credit card market, but also rewards you for your spending with the M&S Loyalty scheme.

The Marks & Spencer credit card comes with 0% interest periods on balance transfers and retail purchases, so cardholders can move any existing balances from other credit cards over (at a low transfer fee of just 2%), then enjoy 0% interest on all shopping for the specified period.

Sign up to a Marks and Spencer credit card and start being rewards straight away, with points added to your account automatically every time you use your card. The points you accumulate will be exchanged for M&S Reward Vouchers every 3 months, allowing you to save on your shopping at M&S. What's more, you will be eligible to save a guaranteed 8% on holidays with the M&S Travel Club.
Marks and Spencer Fixed Rate Bonds offer base beating deals on interest rates that can be fixed for 1, 2, or 3 years. Customers can deposit anything from £500, up to £1 million.

Nobody can predict what's around the corner, so if you do require access to your money before the end of the term, a simple charge will be applied to your account, although partial withdrawals are not permitted so early access will effectively cause the account to close.

All Marks and Spencer fixed rate bonds offer a £85,000 protection limit (£170,000 for joint accounts) through the Financial Services Compensation Scheme. This means that if Marks and Spencer were to face financial problems, up to £85,000 of your money will be compensated. For this reason it is wise to stay the limit. You may also wish to consider aiming slightly lower that the limit to ensure your interest to also covered.