Abbey International has launched a fixed rate Monthly Offshore Saver account, allowing regular savers to earn 12% gross AER sterling, 10% gross AER for euro and 6% gross AER for US dollars.
The interest rate is set upon account opening and is fixed for 12 months. To qualify for the product, clients need to have their salary or another monthly income such as a pension, paid into an Abbey International Gold Account, a multicurrency offshore current account. They must then agree how much they would like to transfer from their income each month (up to a maximum of 20%), from £250 to £2,500 or euro or US dollar equivalent. No access to the savings account is allowed during the 12-month term.
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