Abbey International offers up to 6.25% on deposits

clock

The latest of Abbey International's fixed term deposits have been launched with gross interest rates of up to 6.25% AER.

The three, six and 12-month term accounts have a minimum balance of £30,000 (which must not have come from another Abbey account), with the top rate of 6.25% payable on all deposits held for 12 months. A rate of 5.50% gross is payable on three-month deposits, while those held for six months receive a rate of 5.70%. Interest is paid on maturity and is calculated as the Bank of England base rate plus a bonus of 1.75% over 12 months, 1.2% over six months or 1% over three months. The rates are applicable immediately and are guaranteed over the fixed term even if the Bank of England base rate ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •