Sterling, Dollar and Euro Rates All Raised Again by Abbey InternationalBy Abbey International, PRNE
Tuesday, September 14, 2010
12 Month Fixed Rate Increase
ST HELIER, Jersey, September 15, 2010 - Hot on the heels of the Bank of England's decision to hold UK Base for a
record 18th month, Abbey International, (www.abbeyinternational.com/)
the Jersey based subsidiary which is part of the global division of Santander
Private Banking, has announced that sterling interest rates on its popular 12
month fixed rate contracts (
www.abbeyinternational.com/FixedDepositSavings.asp) are to be
increased to 3.00% gross/AER with immediate effect.
In addition, Abbey international is raising rates on both is 12 month
and US dollar fixed rate contracts (
www.abbeyinternational.com/EuroAndUsDollar12MonthasFixed.asp) to 2.50%
gross/AER in both cases.
The minimum balance required for the sterling account is GBP50,000, with
the account open to both existing clients and to those with funds not
currently invested with Abbey International. For the Euro account, similar
account conditions apply, with an opening balance of EUR100,000 required,
whilst for the US Dollar contract, the minimum opening balance is $150,000.
This is a limited offer and may be withdrawn at any time.
Head of Client Experience Jane Matthews said, "Our new 12 month fixed
interest rates are a welcome boost at a time when Bank Base Rates everywhere
are at record lows. Many of our clients value the stability and security of
fixed rate deposits, particularly in the current changeable markets. Our
multiple currency sterling, Euro and US Dollar offering in this respect is
sure to appeal to a wide audience."
Abbey International is part of the highly regarded Santander Group, which
has more than 150 years experience in banking and has clients all over the
world. Santander has an AA credit rating from Fitch and Aa2 rating from
Moody's credit rating agencies.
For further information on banking with Abbey International in
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
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 email@example.com Jane Matthews, Abbey International, Head of Client Experience +44(0)1534-828137 Jane.firstname.lastname@example.org
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, Jersey, September 15, St. helier, United Kingdom