Abbey Issues New Fixed Rate One Year Bond Paying Up To 6.75%

Abbey Savings launches on Monday (4 August 2008) its latest one-year savings account for customers looking for a guaranteed return on an amount of money they can lock away for one year.

This is a strictly limited offer and will be subject to availability.

One Year Fixed Rate Bond

For customers who want a guaranteed rate of interest for a fixed period of time, the Fixed Rate Bond offers the below rates:

1 Year Term

Annual

Tier Gross rate p.a./AER Net rate p.a.

£1-£29,999 6.35% 5.08%

£30,000 - £2 million 6.75% 5.40%

Monthly

Tier Gross rate Net rate p.a.

£1-£29,999 6.17% 4.94%

£30,000 - £2 million 6.55% 5.24%

Customers can apply for the bond either by visiting their local branch or telephoning the customer sales line on 0800 234 6065. All bonds are on offer from 4 August 2008 until 31 August 2008 (subject to availability).

Reza Attar-Zadeh, Director of Savings and Investments at Abbey said Fixed rate savings bonds are proving exceptionally popular in the current market as savers look to lock into the high interest rate environment. This bond offers savers not only a highly attractive rate but one that is available on the high street.

04 June 2008 © Moneyextra.com

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