Current account switch nets ten per cent interest on savings

Alliance & Leicester is launching a savings account with an interest rate of ten per cent for a limited time only.

The offer is only available from 31st October 2005 till 30 November 2005 to those switching their current account from another provider to Alliance & Leicester’s premier or premier direct current accounts.

Customers will be able to save between £10 and £250 in the premier regular saver account at an interest rate of ten per cent annual equivalent rate (AER) for 12 months.

Simon Ripton, current accounts manager at Alliance & Leicester, said: “This will be a great way for people to kick start a savings habit and at the end of the 12 month period, have saved up a nice little nest egg ñ there has never been a better time to switch.”

The premier regular saver encourages people to save a regular amount of money each month, the balance of which will be repaid into the customer’s premier or premier direct current account at the end of the 12 month period, along with the interest accrued.

Alliance & Leicester is currently promoting other offers for its premier range of current accounts including the ‘recommend a friend’ incentive and holiday vouchers.

© Adfero Ltd

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