Abbey First Home Saver Special Issue 1
Compare the Abbey First Home Saver (Special Issue 1) with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.
 |  Compare Abbey First Home Saver (Special Issue 1) details directly with other savings or compare savings using our savings comparison tables. | ||
| Company: | Abbey www.abbey.com | ||
| Product: | First Home Saver (Special Issue 1) | ||
| Apply via this site: | Not available | ||
| Savings Details | |||
 Account Type: | Regular Saver | ||
| Rate Type: | The type of interest rate is variable. | ||
| Headline Interest Rate: | The headline interest rate is 5.50% AER. | ||
| Application Criteria | |||
| Existing Customer Only: | no | ||
| Minimum Age: | Minimum age is 16 years. | ||
| Restricted Availability: | Regular monthly payments must be made into this account. The minimum monthly credit is £100, the maximum monthly credit is £300. If a monthly payment is missed the rate will be reduced to 0.10% for that month. As this account is designed for investors saving for their first home, investors must attend a mortgage interview with Abbey up to 90 days before the account is closed. | ||
| Area Restrictions: | There are no area restrictions | ||
| Minimum Investment: | Minimum investment of £100. The maximum initial investment is £5,000. | ||
| Maximum Investment: | Maximum investment on this account is £50000 | ||
| Minimum Balance: | The minimum balance is £100. | ||
| Monthly Minimum: | The minimum monthly contribution is £100. | ||
| Open to UK Residents: | This product is available to UK residents. | ||
| Introductory Rates | |||
| Introductory Bonus: | No introductory bonus payable. | ||
| Incentives Offered: | No incentives offered. | ||
| Rates | |||
| Tax Free: | This product is not tax free. | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Rate Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £100 5.50% 5.50% 5.50% | ||
| Interest Payment Freq: | Interest payments are made annually on the account anniversary | ||
| Managing Account | |||
| Passbook: | A passbook is provided. | ||
| Transactions at Branch: | Transactions can be made at a branch. | ||
| Statement Frequency: | Statements are issued annually. | ||
| Transactions by Phone: | Transactions cannot be made by phone. | ||
| Transactions by Internet: | Transactions cannot be made via the internet. | ||
| Transactions by Post: | Transactions cannot be made by post. | ||
| Special Access: | Partial withdrawals are not permitted. The account can closed, but investors must attend a mortgage interview before they can close the account. | ||
| Withdrawal Conditions: | Withdrawal Conditions - Partial withdrawals are not permitted. The account can closed without penalty, but investors must attend a mortgage interview with Abbey before they can close the account. | ||
| Fees & Charges | |||
| Withdrawal Notice: | Not applicable. | ||
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| Products: | www.abbey.com Savings | ||
