Abbey launches 6% current account

Abbey has announced the launch of a current account that pays six per cent annual equivalent rate (AER).

The current account is a special offer with limited availability of approximately two months, and the high AER is fixed for a year.

Reza Attar-Zadeh, head of banking marketing at Abbey, said: “We know that most people in fee-paying accounts rarely get the full benefits of everything that is on offer, so we’re just offering the best current account interest rate available.”

The current account has no fee and is only available to customers switching to Abbey from another bank.

In the event of the customer possessing more than one current account, Abbey requires this current account to be the main one.

Abbey recently improved its current account transfer service to ensure that everyone switching to the bank deals with a named advisor who oversees the transition.

It is also offering a high interest savings account to new and existing customers, which has a fixed rate of six per cent AER.

© Adfero Ltd

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