Abbey Instant Access account is accessed either by phone or branch, it cannot be operated online. This account can be opened with a £1,000 deposit and has an AER of 6.50%.
Key features of this savings account
Interest rate of upto 6.50% gross AER
Open an account with a deposit of £1,000
Should the balance fall below £1,000 a lower interest rate will be applied, currently its 2.75%
Access your account by phone or branch, this account cannot be operated online
Interest is paid yearly on the anniversary of opening an account
Receive quarterly statements - March, June, September & December
The maximum you can deposit is £2 million
Acceptance criteria
Minimum Age: 18 Years
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Did you know?
The UK insurance industry is the largest in Europe and the third largest in the world. It accounts for 11% of the total worldwide premium income.
Source: The Association of British Insurers (www.abi.org.uk)