Abbey International has not reduced rates on its Monthly Offshore Saver account, following the recent 1.5% cut in the sterling base rate.
It offers 12% gross/AER sterling, 10% gross/AER for euro and 6% gross/AER for US dollars for regular savers who have opened an Abbey International Gold current account. Furthermore, fixed interest rates of 5% are available for three, six and 12-month fixed rate contracts. However, the offshore banking subsidiary of Abbey has cut interest rates payable on its range of sterling savings accounts. Jane Matthews, head of marketing and business development at Abbey International, said: "We believe the combination of a large, well-known, stable global banking group and competitive interest r...
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