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Alliance & Leicester Premier 21

Dont think this has been posted.

If you are aged between 16-21, A&L have bought out a current account that pays out a whopping 10% interest AER(fixed until 31/07 when rates goes down to BoE base rate minus 1%) up to £1000 (higher than that is 0.1% AER) . Only need to pay in £250 per month. 0% debit interest FOR LIFE (£3 per month fee if overdraft used though which makes it not so good if you only use it a little). Also the refer a friend as well. Heres the link.
Bank charges reclaimed: HSBC £1990

2007 Competition Challenge: Target £150
So far...£373.48 (MS Office 2007 Professional Edition) and a rizla tin

I smell roses, but all I hear is flies

Comments

  • mleonard79
    mleonard79 Posts: 1,616 Forumite
    Part of the Furniture Combo Breaker
    Hi AdamB,

    I posted information about it on this thread when it was released (you can see the press release and an article on it there.) I agree that the overdraft is not a good deal but the 10% interest is.

    Regards

    Michelle
    :hello: :hello: :hello:
  • [Deleted User]
    [Deleted User] Posts: 7,175 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I don't think A&L check your date of birth when you apply for a current account online.

    Well a family member got a current account from them at age 20 when the minimum age was 21 by adjusting the year of the date of birth on the application form. ;)
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