High street bank Abbey has reminded potential customers that they are running out of time if they wish to take advantage of the rates available on its savings bonds .
The savings vehicles, which will be withdrawn after October 31st 2007, offer 6.87 per cent annual equivalent rate for the online accounts with balances of more than £1,000, while 6.77 per cent is available for over £50,000 on the standard bond .
Abbey notes that these savings deals would suit an individual who wished to make guaranteed returns on a sum of money they are able to set aside until the end of the year.
According to the bank, these savings rates will be withdrawn due to a 0.63 per cent fall in LIBOR rates since September.
Reza Attar-Zadeh, head of savings and investments at Abbey, commented: "This is a great time for savings and is ideal for those customers with a lump sum available to invest with no plans for the money until the New Year."
In addition to savings, Abbey offers a wide range of financial services to its customers, including credit cards and mortgages .
Abbey offers last chance on savings
Abbey offers last chance on savings
Mon, 29 Oct 2007
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