Abbey Savings offers market-leading rate for big savers
www.moneynews.co.uk > Banking > Abbey Savings offers market-leading rate for big savers
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Money News |
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Abbey Savings offers market-leading rate for big savers
Wed 9th Apr 2008
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That rate is the highest available for instant saver accounts and is open to anyone saving over £750,000.
It lowers to 6.3 per cent for those saving over £500,000 and reduces incrementally down to a standard rate of 5.85 per cent.
Reza Attar-Zadeh, director of savings and investments at Abbey, said it had launched its 50 plus saver account to "reflect the status of the over-50s" and encourage those nearing retirement to put money away.
"We believe the combination of rate, access and the financial backing of Santander makes this the most compelling savings option for those over 50 with large balances," she added.
Recent research from the Post Office suggested that with living costs rising, fewer people are able to put away money for a rainy day.
Related News : Banking |
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Related News : Santander |
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