The Abbey is to launch two new accounts with a savings interest rate of six per cent gross paid to all people saving money in the accounts.
Their current account, which is available for a limited time, will pay a savings rate of six per cent for twelve months. It will only be available to banking customers that use Abbey's account transfer service and who pay in £1,000 a year.
The bank is also offering a fixed savings interest rate on the Monthly Saver account. This account pays six per cent gross savings interest. The interest rate is only offered to savers who can pay in a deposit between £20 and £250 a month.
Reza Attar-Zadeh, head of banking marketing at Abbey, said: "We know that most people in fee-paying accounts rarely get the full benefits of everything that is on offer."
"We're just offering the best current account interest rate available and access to Abbey's best savings rate, as that's what most people want."
The Moneyfacts best buy list however claims that the Alliance and Leicester currently provides the best interest rate from a current account. The bank's Premier Plus Current gives a gross interest rate of 4.89 per cent.
Saving money with Abbey's new current accounts
Saving money with Abbey's new current accounts
Mon, 03 Oct 2005
<% Randomize: ord=int(rnd*1000000000) %>
 %>?)
| savings news |
|---|
| Warning over easy access savings accounts - Thu, 03 Jul 2008 |
| Building Society savings accounts still popular, figures show - Wed, 02 Jul 2008 |
| Alliance and Leicester extends savings account offer - Tue, 01 Jul 2008 |
| More News |
