Abbey International offers up to 4% AER on fixed rate contracts

Abbey International has announced new interest rates on its limited offer fixed rate contracts which are now paying up to 4.00% AER, to complement its variable interest rate range of offshore deposit and Base Rate tracker accounts.

Aimed at new funds only with a minimum balance of £30,000, the accounts offer a choice of fixed interest rate options over 3, 6 and 12 months to suit savers looking for a fixed rate of return over varying periods of up to a year.

Over 12 months, all deposits will earn a guaranteed rate of 4.00% gross/AER, a full 2% above UK Base Rate.

Deposits held for 3 months will currently earn 3.25% gross / 3.29% AER, while those held for 6 months will currently earn 3.45% gross / 3.48% AER. Interest is paid on maturity and is linked to the UK Bank of England Base Rate plus a bonus depending on contract term and balance. Current bonus rates are 2% for 12 month contracts, 1.25% and 1.45% respectively for 3 and 6 month contracts.

For further information on offshore banking, visit abbeyinternational.com