Abbey National targets offshore savers

Abbey National Offshore, an arm of the UK's fifth largest high street bank, has introduced its first personal bank account – Offshore Gold.

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By  David Ingham Published  April 5, 2001

Abbey National Offshore, an arm of the UK's fifth largest high street bank, has introduced its first personal bank account – Offshore Gold. Offshore Gold is available in Sterling, US Dollars or Euros with a minimum opening deposit of £5,000, US $7,500 or 7,500 Euro.

The account offers tiered interest rates. The Sterling account pays 4.06% on £10,000, 4.58% on £50,000 and 5.35% on deposits of £1 million or more. Interest is calculated daily and credited quarterly.

“This is a high interest, personal day-to-day global bank account providing customers access by phone, fax, chequebook and Gold Visa Card," said Mike Brighton, general manager, Dubai representative office, Abbey National Offshore.

Offshore Gold customers receive a deferred debit Gold Visa Card which continues to pay interest on money spent with the card until the end of the month. Customers can access money from over 627,000 ATM machines worldwide.

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