Abbey International launches new fixed rate account

23 April 2009

Abbey International has launched a new fixed rate account paying a guaranteed 3.00% gross/AER over 12 months. The new account has a minimum balance requirement of £50,000 and is a limited offer account designed for new monies only. It is expected to be highly popular, given the combination of an attractive interest rate and the stability of Abbey International and will be withdrawn once fully subscribed.

At the end of the fixed rate term, clients can close their account or let the capital and interest roll over into a new fixed rate account of their choice.

Jane Matthews, Head of Client Experience at Abbey International, said: “With UK Base Rate remaining unchanged this month at their record low of 0.5%, this account offers a very attractive 3.00% gross rate of return. We understand today’s investors need high quality service, value and security and this account offers all three. Many people are rightly concerned about the stability of their bank, so it will reassure clients opening this new account to know that Abbey International is part of the Santander Group, which has more than 150 years' experience in banking and has clients all over the world. Santander has an AA stable credit rating from both Fitch and Moody’s credit rating agencies.”

For further information on banking with Abbey International, visit abbeyinternational.com