This proposed bond will be available until December 31, 2007 and will mature on January 1, 2009.

Reza Attar-Zadeh, head of savings and investments at Abbey, said: This is an exciting time for savers with highly competitive rates in the market. Abbey, backed by the largest bank in the Eurozone, continues to demonstrate its commitment to offering savers great rates with its Super range and now this seven per cent bond. Whilst there are other good savings rates in the market, most are from smaller building societies.