Alliance And Leicester To Increase Current Account Rates To 8.5% For New Customers

bristolleedsfan

http://news.sky.com/skynews/article/0,,30400-1304568,00.html?f=rss

http://www.alliance-leicester.co.uk/currentaccounts/index.asp?page=premier-direct&ct=gifprimarypremdirectFeb08

roddydogs

Yup, but u dont now get £50 each/recommender for opening an a/c!

nicko33

If the 8.5% is limited to balances up to £2,500 then it's a better deal than their
Premier Regular Saver at 12% for 250/month by about £17.50 gross over 1 year

bristolleedsfan

roddydogs wrote: »

Yup, but u dont now get £50 each/recommender for opening an a/c!

50.00 quidco cashback is still available.

InMyDreams

nicko33 wrote: »

If the 8.5% is limited to balances up to £2,500 then it's a better deal than their
Premier Regular Saver at 12% for 250/month by about £17.50 gross over 1 year

Not if you are actually regularly saving with 'new' money rather than drip feeding.

nicko33

InMyDreams wrote: »

Not if you are actually regularly saving with 'new' money rather than drip feeding.

True I was only thinking of starting with a lump sum.
I forgot the big picture, which I was only just talking about in another post.

Steve_xx

roddydogs wrote: »

Yup, but u dont now get £50 each/recommender for opening an a/c!

Lately, it's been only £50 to share at, ie £25 each.

roddydogs

The Ad "New Customers only" springs to mind!

Milarky

[STRIKE]£12.95 monthly fee.. ...still looking good?[/STRIKE] Sorry, it's £10 per month - but only for the 'Premier 50' account which was paying 7% for a year previously. The Premier Direct just needs £500 per month paid in

Aegis

Milarky wrote: »

£12.95 monthly fee.. ...still looking good?

Where did that come from? Their site says:

No monthly fees

Unlike some other banks, we won't charge you a monthly fee for running your account. We offer free banking as long as you remain in credit, and fund your account with the minimum requirement of £500 per month.

Beate

Right, that's it, I am going to close my A&L accounts down. I opened the Premier Direct Account when it was 6.1% and that hasn't changed for me even though newer members got 6.5%. I am not going to trail that far behind when I could get 8.5% as a new customer. I believe you have to wait 3 months before you reapply so I might give it a go again then, if nothing better comes along. As Martin always says: "Loyalty doesn't pay."