Abbey International again passes on full 0.25% rate rise

Abbey International has responded to the change in UK Base Rate in July and has again passed on the full 0.25% increase to its Gold account and Instant Access Savings account customers. Abbey International has already raised savings rates by 0.25% on all of its Base Rate Tracker family of accounts two days after the UK Base Rate rise in July.

Commenting on the latest rate rise, Jane Matthews, Head of Marketing & Business Development at Abbey International said, “The UK Base Rate is now at its highest point since 2001 and our range of savings products reflects this. Our Gold and Base Rate Tracker range of accounts are used by a wide range of customers around the world, both as their main offshore banking facility and to supplement local transactional accounts. Our internet banking service allows accounts such as Gold and Base Rate Tracker products to be operated 24 hours a day via the web, both of these products offer an attractive mix of convenience and competitive interest rates. The interest rates for the Gold account are tiered, so the greater the balance the higher your gross interest rate will be.”

The Gold account comes with a Gold visa card and is available in three currencies - Sterling, Euro and US dollars.

The Instant Access Savings account now pays up to 5.65% gross p.a./AER, with a minimum opening balance of £3,000 and offers instant access to your money.