16 May 2006
Abbey has announced that it is adding an overdraft facility to its already market leading current and savings account offer.
Customers are already offered the highest rate of interest of any current account available in the UK and new customers will now be able to take advantage of a four-month interest free overdraft.
The bank has said the overdraft will be a guaranteed £300 for any customer switching to the product and has given a pledge to match the overdraft offered by their previous bank, up to £5,000, interest free.
Reza Attar-Zadeh, Abbey's head of banking, said: "The 6% current and savings account offer has been really successful and we'd like to give more people the chance to benefit from this great deal.
"With summer and the school holidays fast approaching, now is a great time to review finances and for everyone to make sure they are getting the best interest rates available."
More than 60% of customers switching to Abbey's 6% current account have done so from one of the UK's big four banks.
"Increasingly, people are realising that they can get a better deal elsewhere and are taking action," added Mr Attar-Zadeh.
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