A&L Premier Direct Current Account question

windcarver

So the Premier Direct Current Account currently offers 8.50% AER interest for balances up to £2,500, but 0.10% for anything over it. Pardon my ignorance but does this mean that if I went over the £2,500 balance my entire balance would gain 0.10% interest or 8.50% for the £2,500 and 0.10% for anything over it? Can someone please clarify. If it is the latter then it's going to be a real pain as I have no way of knowing my exact monthly payment due to things like travel expenses etc

sloughflint

You would get 8.5% up to £2500. Anything over would need to be sweeped into the plussaver that comes with it or other savings account.
Don't forget to look at quidco to see if they still offer £50 for opening an account.