Abbey International lifts interest rates

Abbey International has announced that sterling interest rates on its popular Gold current account are to rise with effect from 01 September 2009.

On balances from £100,000 to £249,000, the new rate is 1.50% gross/AER

For balances over £250,000, the new rate is 1.75% gross/AER

Gold account also offers clients access to a host of banking and related benefits, including the recently launched Visa Infinite and Platinum cards, each of which offers comprehensive insurance, travel and leisure services designed around the needs of the international traveller, whether travelling on business or for pleasure. The Gold account offers multi currency deposit and banking facilities in sterling, euros and US dollars and is internet enabled.

Based on research carried out on 04 September 2009, Abbey International’s Gold account is currently a Moneyfacts offshore current account Best Buy (source moneyfacts.co.uk)

Rates on Abbey International’s Deferred Interest Deposit Account have also been raised.

On balances from £50,000 - £249,999, the new rate is 2% gross/AER

For balances of £250,000 and over, the new higher rate is 2.25% gross/AER

The Deferred Interest Deposit Account offers clients the ability to choose the date when they can take potentially taxable interest income. This ability to determine when interest income is received may help personal tax planning.

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