M&S Current Account

BrandNewYear

the verdict so far

talana

Hmmm, would you care to try again?

innovate

BrandNewYear has most likely said everything there is to say about the M&S Current account.

exel1966

Somehow I don't think too many MSE people would want an account which isn't very MSE at all!

stclair

I like the debit card design !!

Gromitt

You've got to admit, £15/month to get £40 a year in M&S vouchers has got to be the bargain of the century! PLUS you'll get a FREE birthday present and FREE cups of tea or coffee at random times through the year! Wow! All this for just £180/year. Unbelievable.

Or you could use a free account, spend the £180/year on yourself and let the bank pay you £235/year for doing so (assuming 6K in a Lloyds TSB 4% Vantage account).

PhenoM

Actually £20 a month after the first 3 month.

What were they thinking O_O

alanq

It's £20 pm only if one opts for Worldwide multi-trip family travel insurance. Otherwise it's £15 pm.

There is a £5 discount for 3 months for Premium Club members so for some it could be £10 for the first 3 months.

exel1966

alanq wrote: »

There is a £5 discount for 3 months for Premium Club members so for some it could be £10 for the first 3 months.

In that case they'll be an outbreak of civil unrest with customers clambering over one another to get their hands on the account

[Deleted User]

Ah, premium club members... they're already paying an obscene amount for their 'free' cups of tea, so they can pay less for the current account.

I really don't get the m&s premium club or the current account. Looks like a big waste of money for an ego massage once in a while.

I suspect its aimed at older people who get conned into signing up and then forget to check their outgoings, thus paying out for it until the day they die.

jonmcclelland

From what I've seen of the advertising blurb, it looks very overpriced. As someone has said on this thread, you can spend the £180 on yourself. Even if you had only one Halifax Reward account, that's still £60 extra in your back pocket if you don't have Lloyds Vantage.

If you're in the market for a packaged current account there seem to be a lot more affordable ones on the market, rather than paying the M&S premium.

One idea to make this account more feasible, if you did a lot of your shopping under the M&S brands is to offer either cash-back on purchases or even a small discount on purchases to make the £15 seem more justifiable