An amazing 7.01% AER savings rate from Abbey (Part of the Santander Group) when you deposit at least £30k into their 1 year fixed rate bond. The 0.01% is probably to get them at the top of the table when it comes to AER, and is a great rate if you have the cash to hand and don’t need it for a year.

It’s a limited offer, so get in there quickly before Abbey have their fill. You can apply in your local branch or on the phone. There is one condition that seems a bit over the top, in that you can’t deposit the £30k from an existing Abbey account. So if you’re an existing Abbey customer, you’ll need to move the cash to another bank before moving it into the Abbey 1 Year fixed rate bond.

This review was posted on Thursday, June 12th, 2008 and the offer details may have changed or ended since writing or updating. Check the company website for up to date information on offers.

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