A&L current a/c interest rate

dudleyboy

Hi

I've held an Alliance and Leicester "Premier Direct Current Account" since March 2005 and so the introductory interest rate has long since expired for me. However, for the life of me I cannot find what it is now for existing customers?

I'm guessing several people here would have signed up at the same time (on Martin's previous recommendation) and hoped that someone might know. All I can find on their website is previous introductory interest rates. Not much use.

Hope you can help.

Thanks,

DB

red_flump

Mine has a goto rate of BOE repo rate less 1% point -
so at the moment 4.75% less 1 = 3.75%

red

humfer

red_flump wrote:

Mine has a goto rate of BOE repo rate less 1% point -
so at the moment 4.75% less 1 = 3.75%

red

Still a good rate, but after the 1st year its probably worth moving on, especially if you have used up the regular saver account option

smartmoney_2

I understand that the Premier Direct Current a/c is paying 6.1% on balances up to £2500:

Does this mean that when your balance exceeds £2500 you only get 0.1%. For example:

If I had £4000 in the account would the interest be

a). 6.1% on £2500 and 0.1% on £1500 or
b). 0.1% on the whole £4000

zorber

smartmoney wrote:

I understand that the Premier Direct Current a/c is paying 6.1% on balances up to £2500:

Does this mean that when your balance exceeds £2500 you only get 0.1%. For example:

If I had £4000 in the account would the interest be

a). 6.1% on £2500 and 0.1% on £1500 or
b). 0.1% on the whole £4000

answers A
so its not worth having more than 2500 in the account

smartmoney_2

Thanks zorber

Tils

zorber wrote:

answers A
so its not worth having more than 2500 in the account

yep alteast you dont lose the 6.1% on the £2500 though... thanks Zorber