9 June 2009
People should be thinking about making the most of their savings following the Bank of England's decision to keep the interest rate at 0.5%, it has been advised.
A low interest rate environment should spur consumers on to get a good return on their money, said Reza Attar-Zadeh, Director of Savings and Investments at Abbey.
"In the current climate, fixed rate bonds continue to prove popular and with rates of over 4% available, well above the current Bank of England base rate, it's easy to see why," he continued.
Abbey, Alliance & Leicester and Bradford & Bingley Savings are all said to offer a range of accounts, with their Fixed Rate Savings Bonds offering up to 4.15% AER fixed for two years.
Abbey, Alliance & Leicester and Bradford & Bingley are three of the brands to be renamed as Santander by the banking group by the end of next year.