Higher Rates and Notice Choice on Offer With New Abbey International Premium Notice AccountBy Abbey International, PRNE
Monday, August 2, 2010
ST HELIER, Jersey, August 3, 2010 - Abbey International, part of the Global Division of Santander Private
Banking, has announced the launch of a new 180 day notice option to its
Premium Notice account range. These accounts offer clients rising rates of
interest for longer notice periods. Interest rate tiers have also been
introduced across the range from the minimum balance up to GBP249,999, with a
second tier for balances of GBP250,000 and above paying a higher rate on the
Three choices of notice period are available, 60, 120 and 180 days, with
interest rates of 1.75% gross/AER, 2.00% gross/AER and 2.25% gross/AER
available respectively on balances of GBP250,000 and over. Funds can only be
withdrawn upon receipt of the appropriate notice, but there is also a monthly
interest option available.
The minimum balance required for the 60 and 120 day notice options is
GBP25,000, whilst for the 180 day variant, the figure is GBP50,000. Interest
is payable from the opening balance up to GBP249,999, giving a return of
1.50% gross/AER, 1.75% gross/AER and 2.00% gross/AER paid on each of the
notice options respectively. Higher rates are payable on the total balance
Commenting on the new account range, Head of Client Experience Jane
Matthews said, "Our new range of Premium Notice Accounts meets an important
need amongst clients in the current markets, offering attractive interest
rates and the security of banking with a subsidiary of Santander which has
more than 150 years experience in banking and has clients all over the
For further information on banking with Abbey International on
Jersey call + 44(0)1534-828-828 or log onto www.abbeyinternational.com
For media use only and not to be relied on by consumers to make financial decisions.
Notes to Editors:
Abbey International is located in Jersey, a secure,
well-established and politically stable financial centre, which is renowned
internationally for its high standards of regulation. Jersey's unique
constitution and relationship with the British Crown dates back hundreds of
years. This provides for a unique legal and neutral tax system that can
provide significant wealth planning opportunities for the international
Abbey international has a minimum balance entry requirement of
GBP50,000 (or currency equivalent) across our portfolio of products. The
minimum balance amount can be spread across a range of accounts, subject to
the minimum opening deposit for each account being met.
All deposits carry the full and unconditional guarantee of Santander UK
plc, itself a wholly owned subsidiary of the Santander Group.
Santander has more than 150 years' experience in banking and more
branches worldwide than any other international bank.
About Banco Santander
Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and
commercial bank, based in Spain, with presence in 10 main markets. At the end
of 2008, Santander was the largest bank in the euro zone by market
capitalization and third in the world by profit. Founded in 1857, Santander
had EUR 1,271 billion in managed funds at the end of 2008. Following the
acquisition of Sovereign Bancorp. of the U.S. in January 2009, Santander had
90 million customers, around 14,000 branches - more than any other
international bank - and over 170,000 employees. It is the largest financial
group in Spain and Latin America, with leading positions in the United
Kingdom and Portugal and a broad presence in Europe through its Santander
Consumer Finance arm. In the first half of 2009, Santander registered
EUR4,519 million in net attributable profit.
In the UK, Santander operates two retail businesses -
Santander, which was formed out of the Abbey and Bradford & Bingley retail
network, and Alliance & Leicester. Together they have over 1300 branches,
around 4,500 cash machines and they provide a full range of retail and
corporate banking services to 25 million customers.
Alliance & Leicester will become known as Santander by the end of 2010.
Media Contacts: Guy Stephenson/Jennifer Duffy Nacelle Ltd +44(0)20-8333-9125 firstname.lastname@example.org Jane Matthews, Abbey International, Head of Client Experience +44(0)1534-828137 Jane.email@example.com
Media Contacts: Guy Stephenson/Jennifer Duffy, Nacelle Ltd, +44(0)20-8333-9125, gstephenson at nacelle.co.uk; Jane Matthews, Abbey International, Head of Client Experience, +44(0)1534-828137, Jane.matthews at abbeyinternational.com
Tags: Abbey International, August 3, Jersey, St. helier, United Kingdom