Abbey International ups interest rates 0.25%
Friday, 15 Jun 2007 17:38
Abbey International has increased the interest rates it pays on its Gold account and Instant Access Savings account by 0.25%.
The move follows the Bank of England's decision to increase the UK base rate by 0.25% in May.
"Our Gold account is a perfect account to meet the everyday banking needs of expatriate customers around the world," said Jane Matthews, head of marketing & business development at Abbey International.
"With a Gold Visa Debit card and accounts available in Sterling, Euro and US dollars, the account offers a powerful range of benefits and is designed to sit at the heart of our customer’s offshore banking portfolio.
"The interest rates for the Gold account are tiered, so the greater the balance the higher your gross interest rate will be."
Abbey's Instant Access Savings account now pays up to 5.40% gross p.a./AER, with a minimum opening balance of £3,000.