A new savings account that offers up to ten per cent gross interest a year has been launched.
The Super Monthly Saver 2 account from Abbey offers the rate as long as people take out a protection plan, regular investment or pension with the company.
Reza Attar-Zadeh, director of savings and investments at the bank, said: "With inflation continuing to climb savers need to look at all available savings options to ensure they're making the most of their money ."
The latest savings account from Abbey will help even higher-rate taxpayers realise a return on their money, he added.
According to the bank, inflation is now so high that basic rate taxpayers have to earn an interest rate of at least 6.25 per cent, increasing to 8.33 per cent for those in the higher band.
Yesterday, Leeds Building Society announced two new savings accounts which offer to pay interest at 2.25 per cent above inflation.
Abbey launches 10 per cent savings account
Abbey launches 10 per cent savings account
Fri, 15 Aug 2008
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