Novice Here! - Alliance & Leicester Query

andrew89

Hi everyone;

Am a total novice when it comes to Banking and quite frankly haven't a clue about any of it! So I joined up here in the hope that I could get some advice from some friendly people.

I live in Belfast and am currently looking to change my bank account as I don't receive any interest, on my way to work I passed two Alliance and Leicester branches and seen their ad about 5% AER but I have 2 queries about this. I read on here that Santander have taken over A & L so if I join them will I then be transfered over to Santander whenever they have fully taken 100% Control? Or is it already in 100% Control and the A & L just the trading name (Stupid question, I know!) The second question I have is that I only work part time and earn just below £600 p/month so would I be entitled to any interest what so ever from A&L or any bank for that matter?

Sorry if these questions are a bit draft but as I said at the top am a total novice about these things! :rotfl:

Thanks

heloid

If you're a novice, they aren't the bank for you. Read other threads in this forum about peoples problems and you'll get the idea! (+ you need to pay in at least £1000 per month for the interest).

pmduk

Santander already control A&L and are gradually changing names, stationery, cards etc