Account Benefits
Great rates of interest with Reward Bank Account
Pay in at least £1000 into your account each month and receive:
Abbey's Reward Bank Account includes all the great features of an Abbey Bank Account, and is packed full of insurance, assistance and leisure benefits including travel insurance, car breakdown cover and much more.
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You can also make the most of your money with a great interest rate of 6.00% AER (fixed)/ 5.84% gross (see note 1) on balances up to £2,500 for 12 months, when you credit £1,000 each month. For a monthly fee of just £10 you can enjoy benefits worth up to £430 each year.
Plus for a limited time only, we are offering you this great account for half price for three months, so your monthly fee will be just £5 (see note 2). But you’ll need to hurry – this offer ends on the 13 December 2009.
The Reward Bank Account is available for new and existing customers.
To open a new Reward Bank Account either apply online, go into your local branch
Or call 0800 234 6067
To upgrade to an Abbey Reward Bank Account you need to hold an existing Preferred In-Credit or Preferred Overdraft Abbey Account.
Upgrade my existing Abbey Bank Account
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Our Reward Bank Account pays a fixed rate of 6.00% AER (fixed)/5.84% gross (see note 1) on balances up to £2500 for 12 months, when you pay in at least £1000 each month.
If you do not pay £1000 per month you will receive an interest rate of 0.10% gross/AER (variable) (see note 1) and an overdraft of 19.9 EAR (variable) (see note 3).
You will also benefit from a fantastic overdraft rate, which is 12.9% EAR (variable) (see note 3) when you pay in at least £1000 a month.
After this time, you will benefit from a rate of 1.00% gross/AER (variable) (see note 1) on balances up to £2500 when you pay in at least £1000 a month.
Upgrade my existing Abbey Bank Account
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Find out more about these benefits
Annual worldwide family travel insurance – including winter sports
Wherever and whenever you travel, you can now enjoy the peace of mind that comes with being completely covered. This policy gives you and your family worldwide insurance each year with winter sports. You’re covered for cancelling your trip, cutting your trip short, missing your transport, personal accident, medical-emergency expenses, personal property, losing your passport or driving licence, personal public liability, travel delay and legal costs.
A £50 supplement is required for travel insurance cover to continue beyond age 65. Wintersports cover is not available after the age of 65.
Green Flag breakdown cover in the UK
With both UK Roadside Assistance and Homecall included, you can drive with confidence wherever you are in the UK.
Identity protection – including up to £50,000 of legal cover
If you become a victim of identity theft, we will provide up to £50,000 of legal cover to help you reclaim your identity. You will have access to a confidential helpline and an individual case worker, plus Experian will monitor your credit file and send you text alerts and internet monitoring.
Card loss assistance - help if you lose your card
Losing your cards is stressful enough, but one call to our card-protection line will help put your mind at ease. Call us and we will cancel any of your debit, credit, charge, store and other cards for you. If your cards have been lost or stolen, we will ask the card issuers to send you replacements. And if you need it, we will even arrange to send you some emergency cash.
Key protection and replacement cover
If you need your keys and locks replacing in an emergency, we will cover your costs up to £500. We’ll also give you help finding a locksmith in an emergency if you can’t enter your home, office or vehicle. If your keys are accidentally locked inside or broken in the lock, we’ll cover up to £50 for each incident for locksmiths’ costs.
£100 interest-free overdraft (depending on your circumstances)
We’ve made the first £100 of your advance overdraft completely interest-free (depending on your circumstances). This means you only start paying interest once you go over £100.
We give you access to great personal loan rates at Abbey.
Commission-free travel money – delivered to you free of charge
We will give you commission-free travel money at great rates (which we update each day) and in a wide range of currencies. We’ll also deliver it direct to your door free of charge, giving you one less thing to do before you go. Minimum order £300.
Great savings on dining, days out and hotel accommodation
Great savings on days out, dining experiences and hotel accommodation.
Insurance benefits are provided by Homecare Insurance Limited, security benefits are provided by Card Protection Plan Limited, leisure benefits provided by The Leapfrog Group Limited and travel money provided by First Rate Exchange Services Limited
Note 1: AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off.
Note 2: Half price monthly fee offer: Customers who open a Reward Account between 9 November 2009 and 13 December 2009 will benefit from a half price monthly account fee of £5 until 14 March 2010. After this date customer’s monthly account fee will increase to £10.
Note 3: EAR stands for Effective Annual Rate and represents the annual cost of an overdraft, which takes into account how often interest is charged to the account, and does not include any other fees or charges
Upgrade my existing Abbey Bank Account
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The Reward Bank Account is available for new and existing customers.
To open a new Reward Bank Account either apply online, go into your local branch
Or call 0800 234 6067
To upgrade to an Abbey Reward Bank Account you need to hold an existing Preferred In-Credit or Preferred Overdraft Abbey Account (you can check this by looking at the top of any recent statement from us or at any Abbey cash machine.
Upgrade my existing Abbey Bank Account
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