Abbey International ignites savings market with a 6.30% offer

Abbey International has launched a special offer savings rate of 6.30% gross for customers with more than £1 million in its Instant Access Savings Account for a limited 6 month period, giving customers a welcome boost to their New Year’s savings plans with an effective bonus of nearly 1% over their normal savings rates. The new top tier is guaranteed to be 0.80% above UK Base until 30 June 2008.

A monthly interest option of 6.10% (6.27% AER) is also available and with the account’s easy access structure, this special offer will undoubtedly appeal to both long and short term investors.

Announcing the bonus, Jane Matthews, Head of Marketing & Business Development at Abbey International said, “This initiative represents an excellent opportunity to substantially boost returns at a time when the UK Base Rate has started to fall. We are offering savers a dramatically higher rate on balances of £1 million plus and as interest is calculated on a daily basis, this will give maximum flexibility.”

Abbey International estimates that on a balance of £1 million, the new rate could boost returns by as much as £4500 over the six months the offer will run.

The special offer rate started on 24 December 2007 and will run until 30 June 2008.

For further information on offshore banking log onto abbeyinternational.com.