Abbey International Instant Access Savings account offers 5.80%

Abbey International is maintaining its strategy of premium pricing the top tier of its Instant Access Savings account, despite the recent cuts in UK Base Rate. The account offers an interest rate of 5.80% gross/AER for customers with more than £1 million, making it the highest paying instant access account amongst the offshore subsidiaries of the top 5 clearing banks.

A monthly interest option of 5.60% (5.75% 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 new rates, Jane Matthews, Head of Marketing & Business Development at Abbey International said, “We are conscious that there is a large group of people who are now particularly keen to have the security of a major banking institution standing behind their savings but who also want to see their savings earning a leading rate. Savers in the Abbey International Instant Access Savings account can now have that combination and as interest is calculated on a daily basis, this will give customers maximum flexibility.”

For further information on offshore banking, visit abbeyinternational.com.