Abbey 50+ Saver offered to older customers

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Abbey 50+ Saver offered to older customers

Wed 1st Aug 2007

Abbey Savings has recommended its Abbey 50+ Saver account to those who may be approaching retirement and wish to save more.

The 50+ Saver account offers up to 6.3 per cent AER with a bonus of 0.5 per cent until October 1st, and can be accessed by telephone, post, internet and cash machine.

According to GFK NOP, the median sum of savings and investments accumulated by the age of 50 amounts to £7,179.

Alexia Kilby, head of savings at Abbey, said: "Although the over 50s have been one of the most successful generations, many people need to save more to achieve a good retirement.

"We launched our 50+ Saver account to reward those over 50 who want to save more."

This week, the bank urged people intending to open individual savings accounts to check the accessibility options available before making their decision.

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