We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Alliance & Leicester after 1 year

I'm coming to the end of my 1st year with my Alliance & Leicester Premier Direct current account paying 8.5% interest up to £2500. I was just wondering what people do after the first year.

I have heard you can downgrade your account and upgrade it after a month to gain another years promo rate. Is this true?

Also is it possible to sign up as a new customer again? If so how long do you wait.

Thanks!

Comments

  • cash-magnet
    cash-magnet Posts: 323 Forumite
    Part of the Furniture Combo Breaker
    Just apply for their latest account as a second account, but do not request any overdraft facilities. They opened my 2nd account online without a problem and I received email confirmation it was opened within 5 minutes.
    "Click the pennies. Collect the pounds."
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.