Abbey recognises 'jet-age savers'

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Abbey recognises 'jet-age savers'

Half a century after the maiden slight of the Boeing 747 and the start of the "jet age", savers aged over 50 hold more than 90 per cent of savings and current account assets, it has been claimed.

A third of over-50s intend to spend their retirement travelling around the world and many have already taken an overseas trip in the last three years, according to Abbey.

To cater for this market, Abbey has launched its 50+ Saver account, offering up to 6.30 per cent interest and a guarantee that it will move in line with any interest rate changes until July 2008.

Reza Attar-Zadeh, head of savings at Abbey, said: "It is amazing to think it is over 50 years since the first mass production commercial jet airliner launched.

"Air travel has transformed society, and the over 50s - who have high disposable incomes - are taking advantage of the jet revolution to travel the world."

Earlier this year, Abbey issued a new bond for customers aged 50 or over who are looking for guaranteed returns on their savings.
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