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Alliance & Leicester Current Account now paying 8.5%

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FOUND BY: bryn 3 months, 4 days ago

Starts: 08/02/2008

Just noticed that A&L have upped the rate on their Premier Direct Current Account from 6.5% to 8.5%. This rate is fixed for a year, plus they are still offering £50 (£25 each) if you refer a friend. Worth moving accounts for that kind of deal.

If you are between 16-21 years old, they are offering an even higher 10% rate on their Premier 21 account.

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not a bad rate of interest , should note that its on balances up to £2,500 , very sim to the switcher deal abbey was offering, noticed if you looking a overdraft they charge 50p a day up to a fiver a month and say its interest free, most banks can offer interest free overdraft with no overdraft, so that would prob offset the interest on the account
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Thanks for this heat added.

Like these easy £25's

Edit - just noticed that quidco offer £50 if you open an account via their linky. However, the recommend a friend route could result in you getting more than £50 so gone for this route. I have a friend who is already an account holder so have asked them to recommend me. Once my account is set up I should be able to do the same for at least another two peeps.

Last edited by pluves1 : 08-02-2008 at 10:01.
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If you stop paying in £500 per month they will try to start charging you £5 per month just for having the account.

It'll take more than short-term gimmicks to draw me away from my Nationwide FlexAccount.
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ABSOLUTELY STONKING!!! ....EQUATES TO 8.8% NET (including the £50 joining incentive through quidco) if balance kept at £2500.
use it as a savings/current hybrid acct
maintain balance of £2500 and then move salary when paid in to abbey account pay your DD and SO from that accouint..
this way you should satisfy minimum funding for the acct.
HEAT AND REP ADDED THANKS OP !!!
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awful company - steer clear. deny logging calls say if you freeze a joint account, then they re open it without telling you so your ex partner can take all the money out!
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jakenjo:
awful company - steer clear. deny logging calls say if you freeze a joint account, then they re open it without telling you so your ex partner can take all the money out!
Never had a problem myself in the last 5 yrs
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Just opened an E-Saver with these and have £20 quidco tracking. Its 6.5% AER which aint too bad either and a £1 deposit to open.

Worth it just for the quidco.

Last edited by mikeyp : 08-02-2008 at 11:02.
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That Premier 21 account does look interesting. No minimum amount that needs to be paid in either.

Will probably shove £1000 in there.
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The worst bank ive ever used, ive had complaints at the banking obmudsman 3 times which were found in my favour and bearing mind you get next to nothing for anything over £2500.....
Ive just moved to the Coventry Building Society www.thecoventry.com who pay a whopping 6.1% on the WHOLE balance , up to £250,000 and have a fantastic account switching service. Although you do have to pay £1000 + a month in
An interest rate like that means no need to move money about all over the place, aside from my ISA i keep everything in the coventry current account as 6.1% is better than most bank's instant access savings account rates.
They leave the alliance and leicester standing for customer service also.......
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Your_da:
Never had a problem myself in the last 5 yrs
until something goes wrong!
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Had an ICICI account for 2 yeras no problems they pay 6.14% monthly interest no tie in's or silly rules
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jakenjo:
until something goes wrong!
That is the same for most retailers. Im sure I could find people with the same view of any other bank mate
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Im with alliance and leicester and I have this account (***) and I have to say ive found it to be very good, the online banking function is also very easy to use, especially compared to my other natwest account!

Last edited by emmajk42 : 08-02-2008 at 14:34. Reason: no asking for referrals allowed on the forums
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jonneyt:
If you stop paying in £500 per month they will try to start charging you £5 per month just for having the account.
I haven't paid £500 in the last two months and I haven't been charged anything.

Are you sure?
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