Alliance & Leicester extends interest rate offer

Alliance & Leicester has announced an extension to its interest offer for two of its current accounts.

The bank stated that it comes in response to its own research, which found that 73 per cent of consumers have made financial cutbacks recently.

Both the Premier Direct and Premier 50 accounts will have an 8.5 per cent interest rate until the end of September and Alliance & Leicester believes it offers 85 times more than other high street banks.

Current account manager Emma Walkley explained: “In the current economic climate, budgeting is at the forefront of people’s minds Ö therefore it is even more important for people to be choosing a current account which will make their money work harder.”

The bank also found that 58 per cent of people have never switched their current account.

Alliance & Leicester today appointed Ulster Bank chairman Alan Gillespie as its new head.

© Adfero Ltd

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