M&S monthly saver

nushnush

i have a monthly saver with m&s, when i opened it i am fairly sure i didnt have to have 2 DD from the current account to qualify for the 6% interest, has this changed or doesnt it apply to customers that had accounts before the terms were changed..

colsten

The terms have changed in April but only apply to new Monthly Savers (although the terms do not say so).
http://bank.marksandspencer.com/pdf/CATermsAndConditions.pdf page 9

nushnush

thank you colsten, it would help if the banks made changes clearer

colsten

I agree, it sure would in this case. I apply a simple rule: unless they tell me in writing that the terms for an existing account will change, they remain unchanged.