Abbey 7% Fixed Rate Monthly Saver launch 14/07/06

$17mma

Dagobert wrote:

Where did you find out about this?

In branch.. not something they wil be advertising though, something to do with upselling and getting customers to get a bank account then they get the 8% rate.

Dagobert

I wonder whether the 8% and the 7% savers are mutually exclusive?

$17mma

Dagobert wrote:

I wonder whether the 8% and the 7% savers are mutually exclusive?

Exculsive? from what I beleive they are open to everyone.The 7% is to entice the customer into the branch and the 8% is to secure new money and business by getting the customer to open a current account.

Prudent

Can this account only be opened in branch or can it be opened online?

$17mma

Prudent wrote:

Can this account only be opened in branch or can it be opened online?

Until it launches tomorrow i doubt we will get more information...

buses7675

$17mma wrote:

Exculsive? from what I beleive they are open to everyone.The 7% is to entice the customer into the branch and the 8% is to secure new money and business by getting the customer to open a current account.

I'm sure what dagobert meant was is it possible to have one of each (a 7% and an 8% regular saver), or can you only have one regular saver, at either 7% or 8% depending on your circumstances!

My local Abbey branch already has posters up for the 7% regular saver, didn't see anything about any 8% one, but I was just passing on a bus at the time!

Be good if you could make your £1k investment (in order to obtain the 8% one) by putting £1k or more in one of these new 5.5% fixed rate two year bonds!

Cheers

Steve

$17mma

buses7675 wrote:

I'm sure what dagobert meant was is it possible to have one of each (a 7% and an 8% regular saver), or can you only have one regular saver, at either 7% or 8% depending on your circumstances!

My local Abbey branch already has posters up for the 7% regular saver, didn't see anything about any 8% one, but I was just passing on a bus at the time!

Be good if you could make your £1k investment (in order to obtain the 8% one) by putting £1k or more in one of these new 5.5% fixed rate two year bonds!

Cheers

Steve

Ahh see what you mean. We have two Abbey currents and I will see if I have sal transfered to one if I can get the 8% on that and the 7% on the other...Wonder if just crediting the account with 1k or above will be enough to qualify for the 8% as long as it isnt already money that is with Abbey?

lipidicman

buses7675 wrote:

Be good if you could make your £1k investment (in order to obtain the 8% one) by putting £1k or more in one of these new 5.5% fixed rate two year bonds!

This was exactly my thinking. I think I need to pop to my abbey branch

Geoffo_M

Many people have had bad experinces with Abbey. Over the years, they have attracted a lot of complaints in terms of customer service. Maybe, they may have cleaned up their act recently though.

Dagobert

buses7675 wrote:

Be good if you could make your £1k investment (in order to obtain the 8% one) by putting £1k or more in one of these new 5.5% fixed rate two year bonds!

I didn't see 2-yr 5.5% bonds on their website: Abbey Fixed Rate Bonds.