The minimum balance required is GBP50,000, with the account open to both
existing clients and to those with funds not currently invested with Abbey
International. This is a limited offer and may be withdrawn at any time.
Abbey International is part of the highly regarded Santander Group, which
has more than 150 years experience in banking and has clients all over the
world. Santander has an AA credit rating from Fitch and Aa2 rating from
Moody's credit rating agencies.
For media use only and not to be relied on by consumers to make financial
Notes to Editors:
Abbey International is located in Jersey, a secure, well-established and
politically stable financial centre, which is renowned internationally for
its high standards of regulation. Jersey's unique constitution and
relationship with the British Crown dates back hundreds of years. This
provides for a unique legal and neutral tax system that can provide
significant wealth planning opportunities for the international investor.
Abbey international has a minimum balance entry requirement of GBP50,000
(or currency equivalent) across our portfolio of products. The minimum
balance amount can be spread across a range of accounts, subject to the
minimum opening deposit for each account being met.
All deposits carry the full and unconditional guarantee of Santander UK
plc, itself a wholly owned subsidiary of the Santander Group.
Santander has more than 150 years' experience in banking and more
branches worldwide than any other international bank.
About Banco Santander
Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank,
based in Spain, with presence in 10 main markets. At the end of 2008,
Santander was the largest bank in the euro zone by market capitalization and
third in the world by profit. Founded in 1857, Santander had EUR 1,271
billion in managed funds at the end of 2008. Following the acquisition of
Sovereign Bancorp. of the U.S. in January 2009, Santander had 90 million
customers, around 14,000 branches - more than any other international bank -
and over 170,000 employees. It is the largest financial group in Spain and
Latin America, with leading positions in the United Kingdom and Portugal and
a broad presence in Europe through its Santander Consumer Finance arm. In the
first half of 2009, Santander registered EUR4,519 million in net attributable
In the UK, Santander operates two retail businesses - Santander, which
was formed out of the Abbey and Bradford & Bingley retail network, and
Alliance & Leicester. Together they have over 1300 branches, around 4,500
cash machines and they provide a full range of retail and corporate banking
services to 25 million customers.