Abbey International holds regular saver rates

Following the recent 0.5% cut in the Bank of England Base Rate in February, Abbey International, the specialist offshore banking subsidiary of Abbey in the UK has reduced the interest rates payable on its range of sterling denominated savings accounts.

Abbey International has not, however, reduced rates on its popular 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.

Announcing the changes, Jane Matthews, Head of Marketing & Business Development at Abbey International said, “In a low interest rate environment, attractive savings rates inevitably become harder to find, but regular savings remains an important discipline for all of us. 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.”

For details of all interest rates and further information on offshore banking, visit abbeyinternational.com