Abbey International increases rates on Base Rate Tracker accounts

Abbey International has responded quickly to the recent change in UK Base Rates, with interest rates on all its Base Rate Tracker accounts rising on May 14th 2007.

Interest rates on Abbey Internationals’ Base Rate Tracker suite of accounts are all guaranteed to move within 2 working days of any UK Base Rate change and as a result, Abbey International has increased rates on its popular Base Rate Tracker accounts. Base Rate Tracker Term Issue 6, a new one year product is currently paying a variable bonus enhanced rate of 5.80% gross AER until 30 August 2007. From 31 August until 31 December 2007, the rate will be UK Base rate plus bonus of 0.10% and from 01 January 2008 until maturity on 06 May 2008, the interest rate will track UK Base Rate.

Their Base Rate Tracker 90 and 180 day notice accounts are paying 5.50% and 5.70% gross AER respectively. Both these accounts offer the additional facility of quarterly interest payment for income seekers.

Jane Matthews, Head of Marketing & Business Development at Abbey International comments, “Our Base Rate Tracker range of accounts have been one of the most popular account types we have offered and consistently return a competitive rate of interest. With its winning combination of competitive rates, fast response to interest rate changes, simple, transparent structure and ease of access via our internet banking service, we believe that our Base Rate Tracker accounts are one of the most attractive products available.”