Abbey International has decreased the interest rates payable on its range of offshore savings accounts, following the recent 0.5% cut in the sterling, euro and US dollar rates.
Reduced rates are also available on the cash element of the newly launched Capital Guaranteed World Basket Income and Growth Account. However, Abbey International’s rates for the Monthly Offshore Saver Account remain static. Jane Matthews, head of marketing and business development at Abbey International, said: “Although we have had to reduce many of our savings rates, I am pleased that we have been able to restrict this to match the base rate reduction in the vast majority of cases for our clients.” After these adjustments, sterling savers can still earn up to 6.25% gross/AER in 12-month...
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