New US Dollar and Euro Offers From Abbey International

ST HELIER, Jersey, May 12, 2010 /PRNewswire/ --

- Earn 2.00% AER* Fixed on a Limited Offer US Dollar 12 Month Fixed Deposit Contract.

- Earn 2.40% AER* Fixed on a Limited Offer Euro 12 month Fixed Deposit Contract.

- Free Visa Infinite Deferred Debit Card Subscription for 12 Months

- Preferential Foreign Exchange Rates and Enhanced Easy Access Gold Account Returns

Abbey International (http://www.abbeyinternational.com/) has launched two new US Dollar and Euro deposit services ( http://www.abbeyinternational.com/internationalbankingservices.asp) to create a broad based combination of account options. The new packages offer competitive 12 month Fixed Deposit Contracts, easy access to funds via the Abbey International Gold account (http://www.abbeyinternational.com/gold.asp) and the exclusive benefits of a Visa Infinite card. Preferential foreign exchange rates are also included.

With the US Dollar international banking service (http://www.abbeyinternational.com/internationalbankingservices.asp), clients earn 2.00% AER* fixed on a limited offer US Dollar 12 month Fixed Deposit Contract. The minimum opening balance is $150,000, with clients required to introduce funds which are new to Abbey International. Clients will also receive 0.25% AER*variable on their Gold account, with this rate tracking the US Federal Reserve Rate for 12 months. The minimum opening balance is $200,000.

The Euro international banking service (http://www.abbeyinternational.com/internationalbankingservices.asp) offers clients 2.40% AER* fixed on a limited offer Euro 12 month Fixed Deposit Contract. The minimum opening balance is EUR100,000, with clients again required to introduce funds which are new to Abbey International. Clients will also receive 1.00% AER* variable on their Gold account, with the interest rate tracking the European Central Bank Repo Rate for 12 months. The minimum balance is EUR150,000.

Clients will additionally be eligible for a year's free subscription to the recently launched Abbey International Visa Infinite card (http://www.abbeyinternational.com/VisaInfiniteCard.asp). Introduced following a period of careful planning and research into the real needs of the international traveller, Visa Infinite cards set new standards in the provision of concierge and lifestyle benefits. The Abbey International Visa Infinite deferred debit card also provides a comprehensive range of free medical and travel insurance benefits.

Commenting on the new range of offers, Head of Client Experience Jane Matthews said, "Our Gold account is designed to meet the multiple currency banking needs of international clients everywhere. Our Visa Infinite card enhances this banking offer with a comprehensive range of lifestyle, concierge and insurance benefits, designed to exceed the most demanding clients' expectations. With this new bundle of offers which are all designed to work together, clients can benefit from enhanced interest rates on their fixed term deposits and Gold account holdings, whilst gaining free access to the comprehensive range of benefits available with the Abbey International Visa Infinite deferred debit card."

Abbey International is part of the Global Division of Santander Private banking. The Santander Group has more than 150 years experience in banking, with clients all over the world.

** AER stands for Annual Equivalent Rate and illustrates what the rate would be if interest was paid and added each year.

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

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 end of 2008, Santander was the largest bank in the euro zone by market capitalization and third in the world by profit. Founded in 1857, Santander had EUR 1,271 billion in managed funds at the end of 2008. Following the acquisition of Sovereign Bancorp. of the U.S. in January 2009, Santander had 90 million customers, around 14,000 branches - more than any other international bank - and over 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 2009, Santander registered EUR4,519 million in net attributable profit.

In the UK, Santander operates two retail businesses - Santander, which was formed out of the Abbey and Bradford & Bingley retail network, and Alliance & Leicester. Together they have over 1300 branches, around 4,500 cash machines and they provide a full range of retail and corporate banking services to 25 million customers.

    Alliance & Leicester will become known as Santander by the end of 2010.

    Media Contacts:

    Guy Stephenson/Jennifer Duffy
    Nacelle Ltd
    +44(0)20-8333-9125
    [email protected]

    Jane Matthews
    Abbey International, Head of Client Experience
    +44(0)1534-828137
    [email protected]

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

SOURCE Abbey International

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