Abbey announces increase to savings rate

18-May-2007

In news which may be of interest to first time home buyers, Abbey has announced increases in its savings rates across a number of products.

Available from June 1st 2007, Abbey's increases range from 0.25 per cent up to 0.80 per cent, which may interest would-be first time home buyers looking to save for a deposit on their first home.

"These increases of up to 0.80 per cent ensure Abbey continues to give customers competitive returns on their money for a wide range of savings options," said Reza Attar-Zadeh, head of savings at Abbey.

Indeed, the company's Direct Isa interest rate has risen by 0.25 per cent to six per cent, while the branch saver account has increased to five per cent - a rise of up to 0.80 per cent.

In addition to savings products, Abbey offers a range of products and services, including mortgages and current accounts.

To find out about the different ways of financing a first home, see our section ‘Affording Your First Home’.

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