New Abbey International Announces New Base Rate Tracker Account
Abbey International has launched Issue 8 of its Base Rate Tracker Term Account as part of its range of deposit accounts offering savers rates of up to 5.30% gross/AER. The one-year sterling account offers an interest rate that tracks UK Bank of
England Base Rate with the addition of a 0.30% bonus until 31st August 2008. A
0.10% bonus is applied to UK Base Rate until 31st December 2008, thereafter the
interest rate tracks UK Base Rate. According to Abbey: "The simple, transparent interest rate structure will appeal to savers looking
for the security of a leading offshore banking Group and interest rate structure
which gives security and confidence." "The account also offers a capital guarantee, meaning that customers will always
receive back their initial capital deposit." Jane Matthews, Head of Marketing & Business Development at Abbey International,
commented: “All our previous launches of the Base Rate Tracker Term Account have
been very successful and in the current climate of uncertainty, we are confident
this will be a popular choice.” The Base Rate Tracker Term Account - Issue 8 is only available in sterling,
with a minimum balance of GBP10,000. Interest is calculated daily and will be paid on the maturity date of 6th May
2009. .
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