Abbey International has launched a new limited-offer 18-month fixed-rate deposit contract paying 3.60% gross/3.57% AER. The new sterling-only account complements Abbey's 12- and nine-month fixed-rate sterling contract options. As it is a limited offer, the 18-month fixed-rate contract can be withdrawn at any time, so Abbey is urging savers to act quickly if they wish to take advantage of this rate.

The minimum opening balance is £100,000, with the account designed exclusively for funds that are new to Abbey International. Interest is paid upon maturity, at the end of the 18-month term.

Jane Matthews, head of Client Experience at Abbey International, said, "We are sensing a gradual return of confidence to the markets and an appetite for slightly longer-term commitments. With an attractive rate of return, together with the backing that comes from being a part of the Santander Group, we believe the account will offer a popular combination."

For further information, go to www.abbeyinternational.com