Premier 21 Current Account

Get a market-leading interest rate just by managing your account online.

Get great benefits with our current accounts

Earn a market-leading rate of 8.00% AER (fixed for one year) on balances up to £1,000. After one year the rate goes back to Bank of England base rate less 1%. Balances over £1,000 earn 0.10% AER (variable).
Get a Visa debit card making it easy to shop online and in the high street.
You can have access to your account 24 hours a day using the internet, phone and mobile banking as well as access to any Alliance & Leicester branch. You must have internet access to see your statements.
Get a 0% EAR typical overdraft. If you use the overdraft we will charge 50p a day for up to 10 days each month, (up to £5 a month). There is a maximum overdraft limit of £2,500.
Get an exclusive linked PlusSaver paying from 1.25% gross each year /AER (variable).

AER stands for annual equivalent rate and shows what the interest rate would be if we paid interest and compounded it (interest paid on interest) each year.
EAR stands for effective annual rate and is the amount of interest charged on an overdraft. The figure does not include any fees or charges.
Gross is the interest paid without taking off tax.

To be able to have a Premier 21 Current Account you must be aged between 16 and 20 and pay in your earnings. This could be your wages, allowances or other regular money that you may receive.
You need an e-mail address and access to the internet.

Apply online

Compare current accounts

	Credit interest rate AER (variable)	Age
Alliance & Leicester Premier 21 Current Account	8.00% ^{(For balances up to £1,000 and fixed for one year)}	16 to 20
RBS Revolve Account	2.00%	11 to 18
Halifax Expresscash	1.51%	11 to 15
Barclays Young Person's Account	0.50%	16 to 19
HSBC My Account	0.00%	11 to 17

8.00% AER credit interest on balances up to £1,000 fixed for 1 year. After 1 year rate goes back to Bank of England Base Rate less 1%. Balances over £1,000 earn 0.10% AER.

Source: moneysupermarket.com 1 December 2008

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Important Information

Plain English approved Crystal Mark 16853

Our phone lines are open from Monday to Friday between 8am and 9pm and Saturday 8am to 6pm. Calls are free from UK landlines, but calls from a mobile phone may be different.