Not for everyone, as I know Abbey's CS is not the best. But if you were looking to switch your current account this is a pretty good deal!
We're offering our customers £100 if they switch their bank account to Abbey by using our Account Transfer Service.
This offer is for anyone who switches to Abbeys Preferred Overdraft Rate Bank Account.
To qualify, customers must transfer all direct debits and credit a minimum of £1,000 into the account within 11 weeks of opening the account. And as long as they meet this criteria, the £100 will be paid into the customers account within three months.
With the Preferred Overdraft Rate Account £100 switcher, customers will also benefit from an interest free overdraft for 12 months (12.9% EAR typical thereafter). Abbey will also match their current overdraft facility (depending on their circumstances
In addition to the £100 Switcher incentive, customers will also receive:
0% EAR (variable) on any Advance Overdraft for the first 12 months depending on circumstances. After 12 months the overdraft rate changes to 12.9% EAR Typical (variable).
0.50% gross/AER (variable) in-credit interest on balances up to £2,500. 0.10% gross/AER (variable) on balances over £2,500.
To benefit from 0% EAR (variable) overdraft and 0.50% gross/AER in-credit interest the customer must credit the account with a minimum of £1,000 each month.
Rates change to 19.9% EAR (variable) overdraft and 0.10% gross/AER (variable) in-credit interest if required credits are not made.