Abbey ISA rate 'best available'

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Abbey ISA rate 'best available'

Abbey has claimed that its Super individual savings account (ISA) is the only product on the market offering an interest rate of ten per cent.

That rate is only available to customers depositing an equal amount or more into an Abbey investment product.

The ten per cent rate is fixed for one year and account holders are able to access their balances whenever they need it, without incurring any penalties. They will also be able to transfer money in and out of the account.

Reza Attar-Zadeh, head of savings and investments at Abbey, said: "This is a tax efficient way to build a diversified portfolio to save for the future. Since markets have fallen, the product combination of the top paying cash ISA rate offering instant access with an appropriate investment is compelling."

Earlier today Abbey launched a new Super Saver account, which is also only available to customers depositing an equal amount or more into one of the bank's investment products.
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