A&L Premier Direct - now 6.1% until 30/4/08

YorkshireBoy

Haven't seen this posted elsewhere, but A&L have 'rolled over' their introductory period end date for the Premier Direct current account.

It now pays 6.10% AER until 30/4/08 on balances up to £2,500.

All other details appear to remain unchanged, ie...

Min funding of £500 per month.
0% overdraft for the first year, 5.9% thereafter.
Overdraft matching.
etc.

Even though its only £25 now, don't forget to get yourself referred for the account (see the referrer's board).

Maidenover

Hi, can you advise me on A & L in respect of opening an account please. I have a sum of money I wish to place in a savings account and obviously would like to get the best interest rate possible. Do I have to open a current account with A & L as well as a savings account. I am retired and do not have a regualr monthly income and wonder if this matters when opening an account with them?

Heinz

Maidenover wrote:

Hi, can you advise me on A & L in respect of opening an account please. I have a sum of money I wish to place in a savings account and obviously would like to get the best interest rate possible. Do I have to open a current account with A & L as well as a savings account. I am retired and do not have a regualr monthly income and wonder if this matters when opening an account with them?

A&L's Premier Direct Current A/C which offers 6.1% on any credit balance until 30/4/08 for new customers, requires a monthly £500 deposit as does their Premier Curent A/C which has the carrot of an associated Premier Regular Saver A/C offering 12% gross for a year.

I recommend Martin's article on the whole subject of savings as a first read - then you'll see that, if you just want somewhere for up to £3000 of savings, a tax free mini ISA is the first port of call (£3000 is the maximum you can invest each year). Martin's ISA recommendation at the moment is NS&I which is offering 0.55% above base rate until 5/4/08.

Martin also makes recommendations for maximising interest on any additional savings you might want to stash away - see HERE.