Abbey Savings: Good habits benefit savers

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Abbey Savings: Good habits benefit savers

Regularly putting money away in a savings account with a good rate can benefit savers in the new year, according to Abbey Savings.

Reza Attar-Zadeh, head of savings and investments at Abbey, said that he believed the bank's own regular monthly saver offers, as well as Super ISA and Super Bond accounts, were "excellent" options.

He said that neither of the accounts had decreased their rates following the recent interest rate cut by the Bank of England's monetary policy committee.

"Additionally, they encourage the disciplines of both regular investing and taking a long-term view on savings and investing," he added.

Among the Abbey Savings accounts on offer is the fixed-rate monthly saver, which offers 7.25 per cent if customers deposit between £20 and £250 per month and do not make withdrawals.

In December, Abbey also issued a one-year savings bond paying seven per cent gross.
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