Abbey issues new fixed rate one year bond

Abbey Savings launches its latest one-year savings account for customers looking for a guaranteed return on an amount of money they can lock away for one year.

This is a strictly limited offer and will be subject to availability.

One Year Fixed Rate Bond

For customers who want a guaranteed rate of interest for a fixed period of time, the Fixed Rate Bond offers the below rates:

Annual Term | Tier | Gross rate p.a./AER | Net rate p.a.
1 year £1-£29,999 6.30% 5.04%
£30,000 - £2 million 6.55% 5.24%

Minimum investment is £1,000, maximum investment is £2,000,000.

Reza Attar-Zadeh, Director of Savings and Investments at Abbey, said "Fixed rate savings bonds are increasingly in demand as savers look to lock in attractive rates in a falling interest rate environment. This is one of the best rates available on the high street for a one year bond."

For more information, visit abbey.com.