Abbey International Launches Short-Term Fixed Rate Account
Monday, February 07, 2011
Abbey International has announced the launch of a new two-year fixed interest
sterling account, offering depositors 3.55% gross/AER.
Jersey-based Abbey International has launched this offering as a shorter term
solution than its current 3-year and 5-year Fixed Rate Deposit Contracts.
There is a stipulated minimum deposit of GBP100,000, with the interest rate guaranteed.
The new account offers two interest payment options, either annually or upon
maturity, with clients required to open or maintain an Abbey International sterling
Call Account during the term of the deposit for the receipt of interest payments.
The Call Account requires no notice for making withdrawals and offers unlimited
access to an account holder's money, so clients can easily access interest received.
Commenting on the new account launch, Head of Marketing and Communications,
Jane Matthews, said: “We are now able to offer clients a comprehensive
range of deposit options, with guaranteed fixed rates available over nine, 12 and
18 months and now two, three and five years. The new two-year Fixed Deposit Contract
pays an attractive 3.55% gross/ AER which compares well with our existing three-year
fixed term account paying 3.75% gross/AER.” |
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