Abbey International announced this week that it is maintaining its strategy of premium pricing the top tier of its Instant Access Savings account, despite the recent cuts in UK Base Rate.
The account offers an interest rate of 6.05% gross/AER for customers with more than GBP1m, making it the highest paying instant access account amongst the offshore subsidiaries of the top 5 clearing banks, according to Abbey.
A monthly interest option of 5.85% (6.01% AER) is also available.
Announcing the new rates, Jane Matthews, Head of Marketing & Business Development at Abbey International explained that: “We are conscious that there is a large group of people who are now particularly keen to have the security of a major banking institution standing behind their savings but who also want to see their savings earning a leading rate."
"Savers in the Abbey International Instant Access Savings account can now have that combination and as interest is calculated on a daily basis, this will give customers maximum flexibility.”
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