Premier Current Account


Get a great current account with added benefits for no monthly fee.

Switch your current account and we'll give you £100. Available with a Premier Current Account. Find out more.

Get great benefits with our current accounts

  • Get £100 when you apply online and use our Premier Switching Service to move your banking to us.
    Conditions apply.
  • Free annual multi-trip European travel insurance worth up to £60 (upper age limit of 65 applies).
  • Get a 0% EAR typical overdraft. No interest or usage fees on arranged overdrafts for the first 12 months from when you open the account (not including customers who are moving from another Alliance & Leicester current account). After 12 months, the 0% overdraft continues but a usage fee of 50p a day (up to £5 a month) applies if you use the arranged overdraft. Maximum overdraft limit is £2,500.
  • Earn 1.00% AER (variable) on balances up to £2,500 and 0.10% AER (variable) on balances over that amount.
  • 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.
  • Get an exclusive linked PlusSaver paying from 1.25% gross each year /AER (variable).
  • Get a MoneyBack Rewards Credit Card (depending on your circumstances).
  • Our hassle-free Premier Switching Service takes care of switching all your standing orders, direct debits and salary to your new account - so you don't have to. Plus, it gives you access to some great extra benefits, from matching your existing overdraft limit with your old bank to guaranteeing no overdraft fees if your account goes overdrawn. (Whether we match your overdraft depends on your circumstances and certain extra checks.)
  • Enjoy all kinds of Premier Rewards by having one of our Premier current accounts.

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 Current Account, you must be over 21 and pay in at least £500 to your account every month. Cash, cheques and your salary all count towards this monthly amount, and they can be spread out over the month.


Compare current accounts

Current accountsCredit interest rate
AER (variable)		Overdraft
interest rate
EAR (variable)
Alliance & Leicester
Premier Current Account		1.00%
(balances over £2,500
receive 0.10% AER)		0.00%*
HSBC
Current Account		0.00%
19.90%
Lloyds TSB
Classic Account		0.10%
19.30%
RBS
IPCA		0.10%
19.24%
NatWest
Current Plus Account		0.10%
19.24%

Competitor Rates Source: moneysupermarket.com – the money search engine 1 September 2008

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.

Question Mark

Use our current accounts calculator to see how much better off you could be with one of our current accounts.

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Important Information

Plain English approved Crystal Mark 16852
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.

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