Abbey International launches new 1 year fixed rate deposit

Abbey International has launched a new 1 year fixed rate deposit contract paying up to 6.25% gross p.a/AER to complement its range of offshore deposit and Base Rate tracker accounts. The account is a limited offer so can be withdrawn at any time, without any prior notice.

The minimum opening balance is £30,000, with 6.25% gross p.a/AER being earned on all balances over £50,000. Between £30,000 and £49,999, the interest payable is 6% gross p.a/AER.

Aimed at new clients, these high rates of interest are only available on new funds introduced, so transfers from existing Abbey International accounts will not qualify.

Jane Matthews, Head of Marketing & Business Development at Abbey International, said: “In the current climate of uncertain interest rates, this account will appeal to savers looking for a fixed interest rate, guaranteed for one year, from a large, well funded banking group offshore. Our new Limited Offer 1 Year fixed rate contract delivers this and it complements our recent initiative to offers savers with £1 million plus a rate of 6.05% with instant access. With these two accounts, most savers can now earn up to 6.25% offshore with Abbey International.”

For more information, visit abbeyinternational.com.