Abbey International again holds regular saver rates

Following the recent 1.0% cut in the sterling Base Rate, 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 4% 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, “Regular savings is an important discipline for all of us and I am pleased that we have been able to hold rates on our Monthly Offshore Regular Saver account again. Our Monthly Offshore Saver account has one of the lowest opening balances on the market at just £250. This opens up regular savings to a whole new range of clients who can now bank with confidence and save with ease.”