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Sterling, Dollar, Euro rates all raised again by Abbey

23rd September 2010 Print

Hot on the heels of the Bank of England’s decision to hold UK Base for a record eighteenth month, Abbey International, the Jersey-based subsidiary which is part of the global division of Santander Private Banking, has announced that sterling interest rates on its popular 12 month fixed rate contracts are to be increased to 3.00% gross/AER with immediate effect.

In addition, Abbey International is raising rates on both its 12 month Euro and US dollar fixed rate contracts to 2.50% gross/AER in both cases.

The minimum balance required for the sterling account is £50,000, with the account open to both existing clients and to those with funds not currently invested with Abbey International. For the Euro account, similar account conditions apply, with an opening balance of €100,000 required, whilst for the US Dollar contract, the minimum opening balance is $150,000. This is a limited offer and may be withdrawn at any time.

Head of Client Experience Jane Matthews said, “Our new 12 month fixed interest rates are a welcome boost at a time when Bank Base Rates everywhere are at record lows. Many of our clients value the stability and security of fixed rate deposits, particularly in the current changeable markets. Our multiple currency sterling, Euro and US Dollar offering in this respect is sure to appeal to a wide audience”

Abbey International is part of the highly regarded Santander Group, which has more than 150 years experience in banking and has clients all over the world. Santander has an AA credit rating from Fitch and Aa2 rating from Moody’s credit rating agencies.

For further information on banking with Abbey International, visit