New Abbey International Premium Notice Accounts

Abbey International has launched a new range of Premium Notice accounts designed for clients who can specify notice requirements for cash withdrawals and as a result, can benefit from higher interest returns. The accounts offer higher savings rates for longer notice periods and provide a good solution to those clients who only wish to tie funds up over short periods.

Two choices of notice period are available, 60 and 120 days, with interest rates of 2.00% AER and 2.25% AER respectively. There is also a monthly interest option available.

Penalty free withdrawals are available for each Notice account, providing the required notice period is given, but importantly, those opting for the longer notice terms of 120 days have an additional option to withdraw up to 20% of their balance penalty free each year. This can be as a single transaction or as two 10% requests for funds. Emergency instant access to the account is allowed, but an interest penalty reflecting the notice period will be payable.

Commenting on the launch of the new accounts, Head of Client Experience at Abbey International, Jane Matthews, said, “This new launch fills an important gap in our portfolio and is a direct response to client feedback in the current evolving market. We are now seeing demand for more flexible shorter term accounts and Premium Notice Accounts are a direct response to that need.”

The new notice accounts are available to Premium Banking clients only who have a minimum of £25,000 to deposit.

For more information, visit abbeyinternational.com