ST HELIER, Jersey, June 10, 2010 /PRNewswire/ -- - Earn 2.00% AER* fixed on a limited offer US Dollar 12 month Fixed Deposit Contract - Earn 2.40% AER* fixed on a limited offer Euro 12 month Fixed Deposit Contract
Following strong demand for its International Banking Service offers on US Dollar and Euro deposits, Abbey International ( http://www.abbeyinternational.com/) has announced this week that it expects both its US Dollar and Euro 12 month fixed rate accounts to be withdrawn by early summer. Both these accounts are available now to existing and new clients independently of the Abbey International Banking Service benefits package.
With the US Dollar fixed 12 month account ( http://www.abbeyinternational.com/EuroUS_FixedRateDepositContracts.asp), clients earn 2.00% AER* fixed on a limited offer US Dollar 12 month Fixed Deposit Contract. The minimum opening balance is $150,000, with clients required to introduce funds which are new to Abbey International.
The Euro 12 month fixed rate account ( http://www.abbeyinternational.com/EuroUS_FixedRateDepositContracts.asp) offers clients 2.40% AER* fixed on a limited offer Euro 12 month Fixed Deposit Contract. The minimum opening balance is EUR100,000, with clients again required to introduce funds which are new to Abbey International.
Abbey International is part of the Global Division of Santander Private banking. The Santander Group has more than 150 years experience in banking, with clients all over the world.
For further information on banking with Abbey International in Jersey call +44(0)1534-828-828 or log onto http://www.abbeyinternational.com
For media use only and not to be relied on by consumers to make financial decisions.
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 profit.
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.
Alliance & Leicester will become known as Santander by the end of 2010. Media Contacts: Guy Stephenson/Jennifer Duffy Nacelle Ltd +44(0)20-8333-9125 firstname.lastname@example.org Jane Matthews, Abbey International, Head of Client Experience +44(0)1534-828137 Jane.email@example.com
SOURCE Abbey International