Child saving plans

Mar 24 2006

A&L extends high interest saving deal

Alliance & Leicester has extended its ten per cent interest rate on regular savings account offer.

Customers opening a Premier Direct or Premier current account with the building society can take advantage of the ten per cent interest rate on regular savings for an extended time.

The regular saver account offers ten per cent gross per annum, fixed monthly payments between £10 and £250, and at the end of the year the balance will be paid into the customer's Premier or Premier Direct current account.

The Premier Direct account is an online account with a credit interest rate of five per cent on the first £2,500 and an overdraft rate of 5.9 per cent.

The Premier current account offers free annual travel insurance and a rate of 1.5 per cent interest and a 7.9 per cent overdraft.

Customers opening a Premier Direct current account with Alliance & Leicester from 3rd April will get this best buy interest rate for 15 months – fixed until 30th June 2007.

Simon Ripton, current accounts manager at Alliance & Leicester said: "Premier Regular Saver continues to be popular – so we have decided to extend the offer through until the end of April.





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