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Abbey launches short term savings ebonds

Abbey Savings has launched a range of fixed savings accounts for customers looking for a guaranteed return on an amount of money they can lock away for the short term.

The new eBond range will offer a rate of 6.40% gross on nine month term deposits. The new accounts can be opened with a minimum investments o GBP1,000.

Reza Attar-Zadeh, director of savings and investments at Abbey, said: This is a highly competitive range for those customers looking for a guaranteed rate of interest but not wanting to tie their money up for the traditional one-year term minimum.