Abbey National loans are a good deal if you're borrowing a lot of cash – typical APR 6.9% for amounts of £5,000 or more – and rubbish for smaller amounts, with APRs ranging from 16.4% to 19.9% for sub-£3,000 loans. Includes a fixed bonus of 0.95% gross fixed for the first 12 months. We can help you compare a selection of some of the best interest paying accounts. See here for a comparison of leading UK instant access accounts, Over 5.1 million UK bank and building society customers have switched their bank accounts using the free (and guaranteed) current account switching service which simplifies the process for customers. Mobile banking app. FSCS Protected, 1.15% gross/AER. However, it has not yet announced new rates for savers, which it … Instant Access. Arranged overdraft available (subject to eligibility). No monthly account fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable. Unlimited deposits and withdrawals permitted. General Notes. Quick and easy online application. Must be 18 or older and be UK resident. If the plan matures early it will return 5% times the number of years the plan has been in force. We are committed to keeping you informed and up-to-date on changes in the interest rates for our fixed and variable rate products. This is because the interest that savings accounts offer is determined by the base rate set by the Bank of England. Minimum deposit £1. LONDON -- Abbey National PLC, the U.K.'s second-largest mortgage lender, said it will raise its rates 0.25 percentage point on Dec. 18. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. This account allows you to have instant access to your savings, the account has no withdraw restrictions and you can make a deposit at any point. 39.94% EAR overdraft charge. 2007-2017 Under the impact of the global financial crisis, the base interest rate fell to its lowest level for 300 years. Must not currently hold 2 Reward accounts. This required a capital outlay of some £60-70 and was outside the reach of the average worker. The unsecured Abbey National loan is available from £1,000 to £20,000 and an over-the-phone decision is usually available in minutes. Available as cash ISA, non ISA or ISA transfer. In simple terms, the society arranged for the purchas… Potential 18.3% if the FTSE 100 rises by any amount after 6 years. Historical interest rates. Money banking app. The Abbey National Building Society fixed-rate mortgage calculator will give the following results. As a member-owned, not-for-profit financial cooperative, our earnings are returned to members in the form of low cost loans, high yield dividend accounts, and free or low cost services. Deposit from £100. See our current account range. Current accounts: On-sale and off sale current accounts (pdf) (1.20 MB) Important information for current accounts no longer available to open. FSCS Protected, Earn 1.72% fixed interest. Eligible deposits covered by UK FSCS. Abbey Instant Access Saver - Offering high rates and instant access, Current accounts - For day to day banking. A few weeks ago I found an old Abbey passbook that showed a balance of £8 in 2003. Save £1,000 - £250,000. No notice period. Abbey National Treasury Services is located in Stamford, Conn. The big three mortgage lenders Halifax, Nationwide and Abbey National have also reduced their rates. Why we like it: Unlimited withdrawals subject to 95 days notice. Capital Protected – receive your initial capital back at the end of the term no matter how the FTSE 100 performs. Rates on one-year variable bonds and products aimed at the over-60s are all down 0.25%. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000, Why we like it: SPECIAL OFFER - £125 for SWITCHING to an HSBC Advance Account.