Abbey instant access savings account pays 6.50 per cent
Abbey savings seem to be going from strength to strength, every week their market leading savings rates hit the headlines.
Today Abbey have launched an instant access savings account that pays 6.50 per cent, Gross on balances above £1,000. You can open an account online and then manage the account by telephone or local branch. The rate includes a 1.00 per cent bonus for 12 months from the date of opening and after 12 months the interest rate drops to 5.50 per cent.
This is the first time that a bank is offering the generally higher interest rates you see with online savings accounts but for this account managed by phone or branch. Banks usually only offer higher rates with online accounts as the administrational costs are less for the bank.
Director of Savings and Investments at Abbey, Reza Attar-Zadeh, said: “This is an exceptional rate for a telephone access account.”
This market leading rate is backed by the strength of one of the world’s biggest banks. The account can be applied for online at Abbey.com and can be managed by telephone or at your local branch.