Abbey International increases euro savings rates

Abbey International has responded to the rise in European interest rates last month by passing on the full 0.25% increase to all customers with deposits of more than 20,000 Euros in its Gold account or 25,000 Euros in its Call account with effect from 2 July 2007.

Savers with 75,000 Euros in an Abbey International Call account, a fully flexible deposit account offering notice free access to savings, can now expect a return of 2.25% gross AER, for example. Larger balance savers can expect rates of up to 2.50% gross AER.

Gold Account will now earn up to 1.51% gross AER on deposits held within this popular everyday Euro banking account, which also includes a Gold Visa debit card allowing flexible access to funds at any time of the day or night via the Visa network of cash machines. Gold accounts also pay interest on a quarterly basis.

Commenting on the rises Jane Matthews, Head of Marketing & Business Development at Abbey International said: “Our range of Euro accounts are a core part of our offering to customers in Europe. We offer both fully flexible deposit accounts and our popular Gold account, which will meet the everyday banking needs of most UK nationals living in Europe.”