Alliance & Leicester Premier 21 account celebrates birthday

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Alliance & Leicester Premier 21 account celebrates birthday

Alliance & Leicester Premier 21 current account is one year old today and the bank has decided to renew its 10 per cent credit interest offer for new customers.

The rate is valid on the first £1,000 deposited in the account for one year, after which it reverts to a 'go to' rate that tracks the Bank of England base rate.

Customers signing up to the account - which is for 16 to 21-years-olds only - can also take advantage of a Visa debit cards, while those over the age of 18 are eligible to apply for an interest-free overdraft.

Andy Muddimer, current accounts manager at Alliance & Leicester, said: "The success of the Premier 21 account proves how tailoring accounts for specific groups of people provides customers with an account most suited to their needs."

Earlier today the bank announced that it is extending the 8.5 per cent AER credit interest offer on both its Premier Direct and Premier 50 current accounts for another three months.
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