A&L Current Account Rate Change

cadboll

Unless my eyes deceive me, it looks like A&L have extended their interest rate on the Premiere Direct Current Account (Previously Premier Plus Current Account). It is now fixed at 5% Gross/AER until 31 Mar 2007 - previously ending on 30 September 2006.

Birdie18

Where did you see this Cadboll? I've got a Premier Dirrect Current Account

cadboll

http://www.alliance-leicester.co.uk/currentaccounts/index.asp?page=all-rates&RateTable=premier-direct&ct=curraccrates#l1

jonnyenglish

I misread the terms and conditions when I opended my account back in January 05 and believed that I would benefit from the 5% rate until September 06. A and L have kindly informed me that my rate had been reduced to 3.5% now that the 12 month introductory period is up since I opened my account.

This extension is good news for those who opened their accounts after September 05 as they too can now benefit from the 5% rate for a full 12 months.

Milarky

Don't you use the 0% overdraft instead of the 5% in-credit rate of interest?

tomstickland

That's a good point actually. Can I move £1000 from the current account into the 5% savings acconut? CA is at £0 at moment.