Abbey increases savings account rates (w.e.f. 1st Sep)

Kazza242 · 24 August 2006 at 10:33PM

Abbey have announced that they are to increase their savings rate with effect from 1st September 2006. The majority of Abbey’s savings accounts will increase by the full 0.25%.

Abbey's eSaver will increase by 0.25% from 4.85% gross (4.60% AER) to 5.1% gross (4.85% AER) for balances of £1+.

Balances prev rate new rate
£50K+ 4.95% 5.20% gross
£100K+ 5.00% 5.25% gross
200K+ 5.05% 5.30% gross

Abbey's standard monthly saver account rate increases from 4.75% to 5.00%.

The Abbey Postal ISA will also increase by 0.25%, to a new rate of 4.90% AER. The Easy ISA rate will see increases from 0.10% to 0.25%, giving savers rates from 4.05% to 5.05%.

Abbey increases savings rates article.

Kazza242 · 25 August 2006 at 4:52PM

Here is another article, regarding the Abbey savings rate increases, from the Money news website:

Abbey raises interest rates on savings accounts

Froglet · 25 August 2006 at 5:09PM

Too little too late.If the Abbey had not reduced hubby's Isa back in june by the full .25% when there was no drop in the base rate it would now be competitive with some of the others.I am in the process of transferring the whole lot to the new B & B isa,at 5.15%.

I have you guys to thank on here for keeping me informed and up to date:T

In any case it was a postal account,and more hassle than internet Isas anyway.

Abbey increases savings account rates (w.e.f. 1st Sep)

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free