Act now to secure Abbey's first home saver account

Abbey this week encouraged all first time buyers looking to maximise their cash to take advantage of its limited edition First Home Saver (Special Issue 1). The account offers a highly competitive 6.50 per cent AER, a market leading product in a falling base rate environment.

Savers will earn a variable rate of 6.50 per cent with no partial withdrawals allowed. The only conditions are: savers must be aged between 16 and 35; that they don't already have a mortgage; and on completion of saving/closure of the account they have a ‘no obligation' mortgage interview with an Abbey mortgage advisor.

There are no penalties for withdrawal, however customers who miss a payment or do not deposit between £100 and £300 a month will get a rate of 0.10 per cent that month.

Reza Attar-Zadeh, Director of Savings and Investments at Abbey: "We have a limited number of accounts available, so savers should act now to secure what is a market leading rate in a falling interest rate environment. Savers can open an account at any Abbey branch."

For more information, visit abbey.com