Abbey International launches fixed rate contracts

The range is designed to complement the company’s variable interest rate range of offshore deposit and base rate tracker accounts. Aimed at new funds only, with a minimum balance of £30,000, the accounts offer a choice of fixed interest rate options over 3, 6 and 12 months to suit savers looking for a fixed rate of return over varying periods of up to a year, said Abbey International. Over 12 months, all deposits will earn a guaranteed rate of 6.75% gross/AER, 1.7% above the UK base rate. Jane Matthews, head of marketing and business development at Abbey International said the strateg...