Alliance & Leicester Premier Direct account gets savings offer

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Alliance & Leicester Premier Direct account gets savings offer

Savers switching to the Alliance & Leicester Premier Direct account will be offered a ten per cent annual equivalent rate, the interest paid and compounded every year.

The offer, also valid for the Premier current account, has been extended until the end of January.

Premier Regular Saver provides an "unrivalled interest rate" on a regular savings account linked to Premier or Premier Direct, the bank said.

Simon Ripton, current accounts manager, said: "The launch of Premier Regular Saver has proved enormously popular – so we have decided to extend the offer for a further month."

He added that the Alliance & Leicester Premier Direct account is recognised as being among the best on the market.

A "further new year bonus" of an extended five per cent credit interest rate on the Premier Direct account is also being offered, the bank said.

Alliance & Leicester is the UK's seventh largest bank and has around 5.5 million customers.

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