Abbey raises savings rates by Finance News Bulletin

Published: 14/01/07

Abbey has announced that its increased savings interest will approach into effect on December 1st 2006Following the have an account of England's decision to lift the base rate in early November, Abbey will boost the rates on its range of savings accounts by 025 per centThis will impact upon customers with all of the have an account's savings accounts, including the eSaver option, which has now been boosted to 5

55 per centRates obtainable for postal savings accounts will now range from 325 per cent to 475 per cent, while the first-home saver explanation offers 4

75 per cent"The majority of savers with tiered financial records, such as Abbey's Branch Saver, Postal Isa [ individual savings explanation ] and simple Isa, will benefit from a 025 per cent increase," the bank noted"Branch investor will offer up to four per cent AER yearly equivalent rate]

Postal Isa and simple Isa will both offer up to 515 per cent AER"previous this month, Lisa Taylor, an analyst at Moneyfacts, claimed that it would be "interesting" to see which savings providers

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