Abbey International holds regular saver rates after base rate cut

Following the recent 1.5% cut in the sterling Base Rates, Abbey International, the specialist offshore banking subsidiary of Abbey in the UK has reduced the interest rates payable on its range of sterling savings accounts. Abbey International has, however, not reduced rates on its new Monthly Offshore Saver account, which currently offers 12% gross/AER sterling, 10% gross/AER for euro and 6% gross/AER for US dollars for regular savers who have opened an Abbey International Gold current account.

Fixed interest rates of 5% are also still available on its popular 12 month fixed rate contracts. Fixed rate contracts are also available for 6 and 3 month periods.

Announcing the changes, Jane Matthews, Head of Marketing & Business Development at Abbey International said, “Once again, I am pleased that we have been able to hold rates on our new Monthly Offshore Regular Saver Account. We believe the combination of a large, well known stable global banking group and competitive interest rates is what savers want today. Looking to the future, fixed interest rates, which protect savers’ incomes, also offer an important layer of reassurance for many of our clients in the current climate.”

For further information on offshore banking, visit abbeyinternational.com