Abbey issues new fixed rate one year savings bond

Abbey Savings launches on Friday (4 July 2008) 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 - 1 Year Term
Tiers - Gross rate p.a./AER - Net rate p.a.
GBP1,000 - GBP29,999 - 6.35% - 5.08%
GBP30,000 - GBP2 million - 6.75% - 5.40%

Monthly - 1 Year Term
Tiers - Gross rate p.a./AER - Net rate p.a.
GBP1,000 - GBP29,999 - 6.17% - 4.94%
GBP30,000 - GBP2 million - 6.55% - 5.24%

Customers can apply for the bond either by visiting their local branch or telephoning the customer sales line on 0800 234 6065. All bonds are on offer from 4 July 2008 until 31 July 2008 (subject to availability).

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 available in the current market. This bond offers savers not only a highly attractive rate but one that is available on the high street."