Abbey launches Income Accelerator Account

A new savings account from Abbey International has been launched which is designed to appeal to clients with differing investment and savings needs. Unlike many structured accounts, income is available every six months, so providing the potential of a regular return twice a year. Whilst capital invested is 100% guaranteed at all times, investors have the option to choose between maximising income or guaranteeing a return with the new Abbey International Income Accelerator Account, a sterling 5 year structured account.

In both cases, capital deposited is linked to the performance of the FTSE 100, Dow Jones Euro Stoxx 50 and the S&P 500 indices between the strike date at launch and an average index level recorded every 6 months during the 5 years of the account.

Those aiming for maximum income can select the option which pays out a fixed rate of return of 3.40% gross every 6 months, providing that the closing levels of the three indices are equal to or higher than their strike date levels.

Investors choosing to achieve a return even in cases where an index shows no growth can earn up to 2.8% gross paid twice annually, subject to the indices meeting the same performance objective. If any of the indices do fall below their strike date levels, holders of this version of the product will still receive 0.5% gross.

Both options have a minimum opening balance of £25,000 or a maximum deposit of £5,000,000, with the account being a limited offer product which will be withdrawn on August 28th or earlier, if fully subscribed.

Commenting on the new Income Accelerator Account, Jane Matthews, Head of Client Experience said, “This account is ideally suited to those seeking regular income payments and as well, clients can choose the level of risk and return they are comfortable with. This reflects our own research which tells us that clients are looking for a blend of security and return in the current market. Additionally, all our accounts offer high quality service, value and security. While many are still rightly concerned about the stability of their bank, it will reassure clients opening this new account to know 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 Moody’s credit rating agencies.”

For further information on banking with Abbey International, visit abbeyinternational.com