Abbey increases rate on eSaver Direct account

Abbey Savings has increased its eSaver Direct account rate to a leading 6.50 per cent gross - including a bonus of 0.75 per cent for 12 months from the date of opening. After 12 months the rate reverts to 5.75 per cent.

This rate is the highest available for easy access accounts, and is backed by the strength of one of the world's biggest banks. The account can be applied for online at abbey.com.

Reza Attar-Zadeh, Director of Savings and Investments at Abbey, said: "This is an excellent rate for customers who wish to manage their savings online.

"Our research shows that increasingly customers are managing their savings accounts online, and so we want to make sure that we offer our customers great rates whichever channel they chose to open their account."