A&L takes double current account awards

Alliance & Leicester has been judged best current account provider in both the credit and debit interest sub-categories at the Moneyfacts personal finance awards.

The win marks the fourth successive year that Alliance & Leicester has won the debit interest award.

“We are delighted to receive these two awards ñ it’s great to be recognised for both our credit and debit interest,” said Helen Palmer of Alliance & Leicester.

“Our credit interest rate of five per cent AER on our Premier Direct current account is backed by the UK’s lowest debit interest rate of 5.9 per cent ñ which has proved to be a real winning combination.”

The Premier Direct account has been described as the best current account for those happy to manage their money online, paying five per cent on the first £2,500 saved, until the end of June 2007.

It also comes with a 12 month zero per cent overdraft, followed by 5.9 per cent, with a minimum requirement of £500 deposited every month.

“Alliance & Leicester has led the way for a long time in offering market leading rates of credit and debit interest on current accounts,” said Lisa Taylor of Moneyfacts.

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