Abbey launches new instant access saver

Abbey Savings has launched their new Instant Access Saver account paying a market leading rate of 6.50 per cent gross on the total balance of the account if £1,000 or more is held in the account. This includes a bonus of 1.00 per cent for 12 months from the date of opening. After 12 months the rate reverts to 5.50 per cent.

This market leading rate is backed by the strength of one of the world's biggest banks. The account can be applied for online at abbey.com. The account can be managed by telephone or at the branch.

Reza Attar-Zadeh, Director of Savings and Investments at Abbey, said: "This is an exceptional rate for a telephone access account.

"Now customers who like to manage their accounts by telephone or in-branch can benefit from rates normally only seen on online accounts."