Abbey Profile

Abbey started life as the Abbey Road and St John's Wood Permanent Building Society that was established in 1874. In  1944 following the mergers of Abbey Road Building Society and National Building Society the name was changed to the Abbey National building Society. In 1989 Abbey National Building Society became the first building society to float on the stock market and give up mutual status. In September 2003 the name was shortened to "Abbey" In 2004 Abbey shareholders agreed a take over and on the 12th November 2004 Abbey became a part of Grupo Santander. In September 2008 after the Nationalisation of Bradford and Bingley Abbey took over the savings and branches. (Alliance and Leicester is part of the same banking group) The UK arm of Santander posted a profit of £991 million for the year ending 31/12/2008 and in 2009 a profit of £1,726 million euros which was 16% of the groups profit.

Abbey Product Range

Abbey offer a wide range of products. For savers some of the accounts on offer are e saver direct, fixed rate savings bonds, ISAs, child trust fund, monthly saver and instant access savings accounts. Abbey also supply insurance including home, critical illness and personal accident, loans, bank accounts and mortgages.