Abbey rewards customers with 8.1% AER on Super 50+ account

From 10 October 2007, Abbey’s customers will be able to benefit from an attractive 8.1 per cent AER through Abbey’s Super 50+ account.

To qualify for the offer, savers need to be existing Abbey 50+ Saver account holders, and invest £50,000 or more into a qualifying Abbey investment. The account pays 8.1 per cent on the first £50,000, then interest is tiered at the same rates as Abbey’s 50+ Saver account:-

Super 50+ Rates

Annual Gross p.a./AER
£1 - £50k, 8.10 %
£50,001 - £99,999, 5.50 %
£100k - £199,999, 5.70 %
£200k + 5.80 %

The Super 50+ pays interest at these rates for 12 months, then the account automatically reverts to Abbey’s 50+ Saver account.

Abbey is committed to offering excellent savings deals that reflects the status of the over 50s and offers highly competitive rates to encourage saving for those approaching retirement. The 50+ generation form one of the most important segments of society, holding 91 per cent of savings and current account assets, 43 per cent of ISA assets and 33 per cent of shares.

Reza Attar-Zadeh, Abbey's Head of Savings said "Abbey is committed to rewarding both loyalty and encouraging customers to not only save more, but to achieve a better balance in the assets they save so that they can get their savings working harder for them. We believe this is a very attractive incentive that will galvanise customers to save more effectively for the future.”

For more information about Abbey's Savings & Investments, visit abbey.com.