Apr 22 2008
Abbey has launched a new savings account that it claims offers a more competitive deal than any other on the market in the UK, it has emerged.
The newest Instant Access Saver account from the banking group can be opened via telephone or online and offers an interest rate of 6.5 per cent.
At least £1,000 needs to be added to the account for the 6.5 per cent rate to be paid out and after a 12 month period the rate reverts to 5.5 per cent but Abbey is convinced that the deal is one not to be missed.
The account could be used by someone looking to create a nest-egg for their children or as a way of saving for a rainy day and the funds can be easily accessed at any time.
Abbey's director of savings and investments Reza Attar-Zedah said: "This is an exceptional rate for a telephone access account.
"Now customers who like to manage their accounts by telephone or in-branch can benefit from rates normally only seen on online accounts."
Last week, Asda announced that it had a launched a child trust fund product designed specifically for parents looking to secure a good financial future for their son or daughter.
