Jersey-based Abbey International has announced this week that it has launched a range of limited offer fixed rate contracts currently paying up to 6.75% AER, to complement its variable interest rate range of offshore deposit and Base Rate tracker accounts.
Aimed at new funds with a minimum balance of GBP30,000, the accounts offer
a choice of fixed interest rate options over 3, 6 and 12 months.
Over 12 months, all deposits will earn a guaranteed rate of 6.75% gross/AER, or 1.75% above the UK Base Rate.
Deposits held for 3 months will currently earn 6.00% gross / 6.14% AER, while
those held for 6 months will currently earn 6.20% gross / 6.30% AER, Abbey revealed.
Interest is paid on maturity and is linked to the UK Bank of England Base Rate, plus a bonus depending on contract term and balance.
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