Best Current Account?

OMAR · 30 November 2008 at 4:24PM

I currently have Premier Direct with A and L, interest rate now 2% after 2 years with them....(1% minus base rate)

Have overdraft of £2400 current balance is £-1200 (just £5 per month) and pay in £1600 every four weeks.....where should I transfer too?

Or could I re-open a Premier Direct?

emma396 · 30 November 2008 at 4:45PM

i'm not sure they allow u to re-open the premier direct account straight away. are you often overdrawn?

apt · 30 November 2008 at 5:07PM

£5 a month is a pretty good deal for running a substantial overdraft. You might make a short-term gain by moving to Abbey - either £100 cashback but 12.9% interest on your overdraft or a no interest overdraft for a year. However, Abbey does not have a good reputation for service. I think A&L will only consider you for new customer deals if you've left them for at least 3 months.