Up To 7% Gross On New 3, 6 And 12 Month Fixed Rate Deposits From Abbey International

Abbey International has launched a range of new fixed rate deposits paying up to 7.00% gross/7.19% AER, to complement its variable interest rate range of offshore deposit and Base Rate tracker accounts. Aimed at both new and existing Abbey International clients who deposit a minimum of £30,000 new funds, the accounts offer a choice of fixed interest rate options over 3, 6 and 12 months, with each carrying an innovative Base Rate guarantee bonus.

Three month Fixed Rate Contracts will always earn a competitive 2% above UK Base. Currently, Deposits held for 3 months will earn 7.00% gross/7.19% AER.

Six Month contracts will earn 1.5% over UK Base, so at present will earn 6.50% gross/6.61%AER.

One year contracts will earn either 1% or 1.25% over UK Base Rate, depending upon the balance size. Deposits of £30,000 - £49,000 will earn 6.00% gross/AER, whilst balances of £50,000 plus will earn the higher rate of 6.25% gross p.a./AER.

Jane Matthews, Head of Marketing & Business Development at Abbey International, said: “In the current climate of uncertain interest rates, fixed rate savings will appeal to savers looking for guaranteed fixed interest rates whether over 3, 6 or 12 months from a large, well funded Banking group offshore. Our new Limited Offer Fixed Rate Contracts deliver this and complements our recent initiative to offers savers with £1 million plus a rate of 5.80% with instant access. With these two accounts, most savers can now earn up to 7.00% offshore with Abbey International.”

For further information on offshore Banking call + 44 (0)1534 885000 or log onto www.abbeyinternational.com