Abbey International ups offshore rate - Offshore savings - News - Moneyfacts


Abbey International ups offshore rate

Abbey International ups offshore rate

Category: Offshore savings

Updated: 01/07/2010
First Published: 01/07/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Abbey International has launched new 18 month and two year bonds that pay improved rates.

The 18 Month Fixed Rate Deposit Contract pays a rate of 3.25% on minimum investments of £100K. Early access and further additions are not permitted.

The 2 Year Escalator Bond is an account with rates guaranteed to rise each year. Requiring a minimum investment of £100K, it pays 3.50% in year one and 4.00% in year two.

Early access is allowed but is subject to 120 days' loss of interest, whilst no further additions are permitted. The account is available to Gold account customers with a minimum balance of £5K.

It is pleasing to see Abbey International continue to offer these short to medium term bonds and increasing the rates on them, making the products even more competitive.

The two year account is a market leader, whilst the 18 month account at 3.25% compares very well against shorter term products.

Four out of five Moneyfacts stars have been awarded.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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