Abbey launches deposit account paying 3.25% gross

Abbey International has launched a new fixed rate account currently paying a guaranteed 3.25% gross (3.28% AER) over 6 months, to complement its range of offshore multicurrency deposit and banking accounts.

This is likely to be a very popular account from a well capitalised, stable banking group and so the account is offered on a strictly first come first served basis and will be withdrawn at the end of March 2009. Available to clients with funds not currently invested with Abbey International and with a minimum balance of £100,000. At the end of the fixed rate term, clients can close their account or let the capital and interest roll over into a new fixed rate account of their choice.

Jane Matthews, Head of Client Experience at Abbey International, said: “With UK Base Rate at a record low of 0.5%, this account is paying an attractive 3.25 gross%.” Our goal is to deliver high quality service, value and security, so clients will appreciate the fact that Abbey International is part of the Santander Group, which has more than 150 years' experience in banking and has clients all over the world. Santander has an AA stable credit rating from both Fitch and Standard & Poor's credit rating agencies.”

For further information on offshore, visit abbeyinternational.com