Fixed Rate 12 Month Bond Introduced By The Abbey

Published: 6/8/2010

For anyone looking for a high interest paying investment option the Abbey National has just launched a one year fixed rate bond that offers a 7.01 percent interest rate.

The minimum investment amount is GBP30,000, with a maximum of GBP2 million, enough for most people. The Abbey National bond is a one year term, with an expiry date of 1 July 2009. This means that investors will have to act smartly to get their funds in within the deadline.

An Abbey National spokesman confirmed that the current market for savings and investments is the best it has been for many years and is urging consumers to take advantage of the situation while it is available.