Abbey International Ups Interest Rates
Tuesday, July 06, 2010
Abbey International has announced that sterling interest rates on its popular
18 month fixed rate contracts are to be increased to 3.25% gross (3.22% AER),
giving an effective rate of 4.87% over the 18 month term of the account with immediate
effect.
The minimum balance required is GBP100,000, with the account open to both
existing clients and to those with funds not currently invested with Abbey International.
This is a limited offer and may be withdrawn at any time.
Abbey International has also upped the rate on its 2-Year Escalator Bond to
3.50% gross/AER in year 1 and 4.00% gross/AER in year 2. This, the bank said,
gives investors "an excellent combination of return and safety." The
minimum balance is again GBP100,000
Abbey International is part of the Santander Group, which has has an AA credit
rating from Fitch and Aa2 rating from Moody’s credit rating agencies.
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