Dont Apply To A And L Yet!

OMAR · 2 August 2006 at 6:23PM

Just to let you all know, Alliance and leicester are increasing the rate on their premier direct current account to 6% and the regular saver is increasing to 12%...they are also re-instating £50 recommend a friend. Planned for 1st Sept 2006. THESE ARE FOR NEW CUSTOMERS ONLY!!!!!

afro_2 · 2 August 2006 at 6:37PM

12%!!!

There's nowt like a good bit of healthy competition!

OMAR · 2 August 2006 at 7:01PM

Yep.....my friends an employee!

afro_2 · 2 August 2006 at 7:14PM

Any idea what the max/min payments to the regular saver are, and any other terms?

EagerLearner · 2 August 2006 at 9:41PM

Thanks Omar - will keep it in mind with First Direct seemingly planning to shaft customers by charging for current account banking...

Milarky · 3 August 2006 at 12:53AM

I closed my premier direct account with them in May (intending to reapply in September after the 'three months' mentioned in their terms and conditions had elapsed and I requalified as a 'new' customer.) It was annoying that they only offered 10% RS to 'new' customers at that time (thus driving a wedge with existing ones when it was brought out.) Now imagine how the 'stayers' who couldn't get the 10% but thought: "It's still a good bank account." will be feeling by their bank upping the ante... and still offering them nothing.

This looks very attractive indeed to 'tarts' like us (and it is - if I do requalify - it just makes my decision to ditch them all the more justified) but has A&L even stopped to consider if it is attracting exactly the 'wrong' sorts of customers and failing to reward exactly the 'right' kind at the same time?

Gordon_the_Moron · 3 August 2006 at 5:17PM

OMAR wrote:

Just to let you all know, Alliance and leicester are increasing the rate on their premier direct current account to 6% and the regular saver is increasing to 12%...they are also re-instating £50 recommend a friend. Planned for 1st Sept 2006. THESE ARE FOR NEW CUSTOMERS ONLY!!!!!

How can they re-instate the £50 recommend a friend for new customers only, I have an account already, if I refer a friend will they get £50 and I get £25 or will we both get £50 or both get £25 since one is a new customer and one not?

westernpromise · 3 August 2006 at 5:53PM

With exquisite bad timing, A & L have chosen today - a day when interest rates have gone up - to tell me that the interest rates on their Online Saver account are going...er...down.

KTF · 3 August 2006 at 6:34PM

Good lord! 12%! Time to see if I can open an account or if they do check the 3 months rule.

YorkshireBoy · 3 August 2006 at 6:42PM

Gordon_the_Moron wrote:

How can they re-instate the £50 recommend a friend for new customers only, I have an account already, if I refer a friend will they get £50 and I get £25 or will we both get £50 or both get £25 since one is a new customer and one not?

I'm about to refer someone with my first £25 voucher (having referred many this year with £50 vouchers), and 3 different A&L call centre staff have today suggested it might be better not to post the voucher yet!!!

They have all told me that the £50 referral is being reinstated for all account holders - new and old.

As Martin Lewis says, in his weekly e-mail, all will be revealed tomorrow.

OMAR · 3 August 2006 at 6:55PM

Yes.....anyone who sends in vouchers that state £25 before 3rd Aug will get the £25...anyone after 3rd Aug will get the upper limit regardless.

Regular Saver will be 12% up to £250 per month, overdraft 0% 12 months and 6% on current account bit.

Dont Apply To A And L Yet!

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