Abbey National Offshore launches sterling product

Abbey National Offshore has launched a one-year Sterling denominated deposit account that offers an interest rate that moves in line with the UK base rate. The Offshore Base Rate Tracker Term account interest rate starts at 4.15% from May to August 2003 and is guaranteed to be at least 0.2% above the UK bank base rate until May 2004. It is tiered over the term of the investment. For example, from January to April 2003 the UK bank base rate plus 0.2%, from September to December 2003 the UK bank base rate plus 0.3% and from May to August 2003 the UK bank base rate plus 0.4%. The acc...