Regular savings beat recent rate drops

Savers can continue to benefit from good regular savings deals following the recent fall in the base rate.

Abbey Savings continues to offer excellent deals for regular savers: -

7.25 per cent on Abbey’s Fixed Rate Monthly Saver, when savers pay in between £20 to £250 every month and make no withdrawals

10.00 per cent on Abbey’s Super Monthly Saver, when savers pay in between £20 to £250 every month, and invest the same amount or similar into a qualifying Abbey investment product or pension.

Abbey has also maintained its market leading rates on the following Super products:-

Super ISA offers 8.10 per cent AER when investors invest the same amount or more into a qualifying Abbey investment product or pension

Super Bond offers 8.10 per cent AER when investors invest the same amount or more into a qualifying Abbey investment product or pension

Reza Attar-Zadeh, Head of Savings and Investments at Abbey, said “The end of 2007 saw a bumper year for fixed rate deals, with LIBOR rates diverging significantly from the Bank of England base rate. However, with pressure coming off LIBOR in recent days, the recent base rate reduction and predictions of further rate cuts, savers should consider other areas offering exceptional value.

“We believe our regular monthly saver deals and Super ISA and Super Bond– neither of which have fallen following the recent base rate cut – offer excellent rates currently. Additionally, they encourage the disciplines of both regular investing and taking a long term view on savings and investing.”