Abbey International Adds New 2 Year Fixed Rate Sterling Account

ST HELIER, Jersey, February 3, 2011 /PRNewswire/ --

- New 2 Year Fixed Rate Sterling Account

- Single Interest Rate of 3.55% gross/AER

- Minimum Balance GBP100,000

- Abbey International Now Offers One of the Widest Choices of Fixed Rate Sterling Offshore Deposit Accounts

Complementing its current Moneyfacts listed Best Buy 3 year and 5 year Fixed Rate Deposit Contracts, Jersey based offshore banking specialists Abbey International has added a new 2 Year Fixed Deposit Contract ( http://www.abbeyinternational.com/FixedDepositContracts.asp) to their portfolio, with a minimum deposit balance of GBP100,000.

Paying a single rate of 3.55% gross/AER guaranteed for the full two year term, the new account fills a need for those looking to lock into higher interest rates.

The new account offers two interest payment options, either annually or upon maturity, with clients required to open or maintain an Abbey International sterling Call account during the term of the deposit for the receipt of interest payments. The Call Account requires no notice for making withdrawals and offers unlimited access to your money, so clients can enjoy easy access to the interest received.

Commenting on the new account launch, Head of Marketing and Communications, Jane Matthews said, "We are now able to offer clients a comprehensive range of deposit options, with guaranteed fixed rates available over 9, 12 and 18 months and now 2, 3 and 5 years. The new two year Fixed Deposit Contract pays an attractive 3.55% gross/ AER which compares well with our existing 3 year Moneyfacts Best Buy** fixed term account paying 3.75% gross/AER." (**source Moneyfacts.co.uk)

Abbey International (http://www.abbeyinternational.com/) is part of the highly regarded Santander Group, which has more than 150 years experience in banking and has clients all over the world. Santander has an AA credit rating from Fitch and Aa2 rating from Moody's credit rating agencies.

Notes to Editors:

Abbey International is located in Jersey, a secure, well-established and politically stable financial centre, which is renowned internationally for its high standards of regulation. Jersey's unique constitution and relationship with the British Crown dates back hundreds of years. This provides for a unique legal and neutral tax system that can provide significant wealth planning opportunities for the international investor.

Abbey international has a minimum balance entry requirement of GBP50,000 (or currency equivalent) across our portfolio of products. The minimum balance amount can be spread across a range of accounts, subject to the minimum opening deposit for each account being met.

All deposits carry the full and unconditional guarantee of Santander UK plc, itself a wholly owned subsidiary of the Santander Group.

Santander has more than 150 years' experience in banking and more branches worldwide than any other international bank.

About Banco Santander

Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in Spain, with presence in 10 main markets. At the close of June 2010, Santander was the largest bank in the euro zone by market capitalization and, at the end of 2009, fourth in the world by profit. Founded in 1857, Santander had EUR 1,365 billion in managed funds. Santander has more than 90 million customers, 13,671 branches - more than any other international bank - and 170,000 employees. It is the largest financial group in Spain and Latin America, with leading positions in the United Kingdom and Portugal and a broad presence in Europe through its Santander Consumer Finance arm. In the first half of 2010, Santander registered EUR4,445 million in net attributable profit.

Santander UK is a full-service retail and commercial bank providing services to 25 million customers in more than 1,300 branches and around 4,500 cash machines.

    
    Media Contacts:
    Guy Stephenson/Jennifer Duffy
    Nacelle Ltd
    +44(0)20-8333-9125
    gstephenson@nacelle.co.uk

    Jane Matthews, Abbey International, Head of Client Experience
    +44(0)1534-828137
    Jane.matthews@abbeyinternational.com

    For further information on banking with Abbey International in
    Jersey call +44(0)1534-828-828 or log onto
    http://www.abbeyinternational.com

    For media use only and not to be relied on by consumers to make
    financial decisions.