New 18 Month Fixed Rate Deposit From Abbey International Offers 3.60% Gross/3.57% AER

Jan 18, 2010, 08:06 ET from Abbey International

ST HELIER, Jersey, January 18 /PRNewswire/ -- Abbey International has launched a new Limited Offer 18 month Fixed Rate Deposit contract ( paying 3.60% gross/3.57% AER. The new fixed rate sterling-only account complements its popular 12 and 9 month fixed rate sterling contract options. As a limited offer, the 18 month Fixed Rate contract can be withdrawn at any time, so savers are urged to act quickly if they wish to take advantage of this attractive rate.

The minimum opening balance is GBP100,000, with the account designed exclusively for funds which are new to Abbey International. Interest is paid upon maturity at the end of the 18 month term.

Jane Matthews, Head of Client Experience at Abbey International, said: "We are sensing a gradual return of confidence to the markets and an appetite for slightly longer term commitments. With an attractive rate of return, together with the backing that comes from being a part of the Santander Group, we believe the account will offer a popular combination."

Abbey International is part of the highly regarded Santander Group, which has more than 150 years experience in banking and clients all over the world.

For further information on banking with Abbey International in Jersey call +44(0)1534-828-828 or log onto

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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 Abbey National 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.

Abbey and Santander

Santander (SAN.MC, STD.N) is a retail and commercial bank, based in Spain, with operations in more than 40 countries. 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 1,168 billion in managed funds at the end of 2008. Following the acquisition of Sovereign Bancorp of the U.S. in January 2009, Santander has 90 million customers, more than 14,000 branches - more than any other international bank - and over 180,000 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 2008, Santander registered EUR8,876 million in net attributable profit, an increase of 9 per cent from the previous year excluding capital gains.

In the UK, Santander operates three retail businesses - Abbey, Alliance & Leicester and the savings business of Bradford & Bingley. Together they have over 1300 branches, around 4,500 cash machines and they provide a full range of retail and corporate banking services to 24 million customers.

Abbey, Alliance & Leicester and the savings business of Bradford & Bingley will all become known as Santander by the end of 2010. Abbey and the savings business of Bradford & Bingley will be rebranded from the first quarter of 2010 and Alliance & Leicester will follow later in the year. The move will deliver a significant advantage for customers as they will be able to use any of 1,000 Santander branches from early 2010, rising to over 1,300 by the end of 2010.

The Bradford & Bingley logo is a trade mark of Bradford & Bingley plc and is used under licence.

    Media Contacts:
    Guy Stephenson/Jennifer Duffy
    Nacelle Ltd

    Jane Matthews, Abbey International, Head of Client Experience

SOURCE Abbey International