Abbey International adjusts rates following latest us base cut

Following the latest cut in the US dollar base rate in March to 2.25%, Abbey International, the specialist offshore banking subsidiary of Abbey in the UK has reduced the interest rates payable on its range of US dollar denominated savings accounts.

Announcing the change, Jane Matthews, Head of Marketing & Business Development at Abbey International said, “Savers with $250,000 can earn 1.35% with Abbey International in our call account. This offers a fully flexible option for short term investment, giving savers instant access to funds with no penalty interest payments on withdrawals. Our range of offshore US dollar, euro and sterling savings accounts can all be operated via our internet banking platform anywhere in the world, giving savers a high level of control over their day to day money management.”

Abbey International operates a range of US dollar, euro and sterling denominated accounts, offering savers both instant access and higher interest rate notice accounts. The Abbey International Gold account offers the option of a Gold Visa card which can be used to withdraw cash worldwide in over 800,000 cash dispensers across 120 countries.