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Abbey international increases offshore rates

Abbey international increases offshore rates

Category: Offshore savings

Updated: 07/09/2009
First Published: 08/09/2009

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 It is now over 6 months old so the content may be out of date.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 increased the rates of interest on two of its offshore savings accounts – great news for investors looking to do their banking offshore.

Rates paid on its Sterling Gold account are now: £5K – 0.00% (no change); £100K – 1.49% (+1.19%); £250K – 1.75% (+1.25%).

The following changes have also been made on its Deferred Interest Deposit: £50K – 2.00% (+1.70%); £250K – 2.25% (new tier +1.95%).

Paying up to 1.75%, the Gold account is now the market leader in its field, while the Deferred Interest Deposit moves into the top six in its class.

These changes may indicate that Abbey is increasing its efforts to make headway in the offshore market with potentially richer clients.

Both accounts have been awarded four out of five Moneyfacts stars.

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