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Premier Current Account
Alliance and Leicester is an absolutely brilliant bank, I would recommend them to everyone, my ...
Jordon, Birmingham
Overall rating
 
 
 
 
 

Premier Current Account


"A fantastic account with a brilliant switching experience"
Premier Current Account customer review
Keith, London

Recommend a friend

As an existing customer you can spread the word about our Premier current accounts and receive £50 to share every time you recommend a friend.

Find out more

What do you get with a Premier Current Account?

1
Free annual multi-trip European travel insurance.
2
0% EAR typical overdraft.
No usage fees for
12 months.
3
24 hours a day access using the internet, phone and branch.
4
Free Switching Service.


Get great benefits with our current accounts

  • Free annual multi-trip European travel insurance worth up to £60 (upper age limit of 65 applies).
  • 0% EAR typical overdraft. No usage fees on arranged overdrafts for 12 months from when you open the account (new customers only). A usage fee of 50p a day (up to £5 a month) applies after that. Maximum overdraft limit is £2,000.
  • Earn 0.50% 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.
  • It is easy to move your account when you use our Switching Service. Our dedicated team will move your existing direct debits, standing orders and salary to your new account and look to match your overdraft limit (depending on your circumstances).
  • Exclusive access to Premier Rewards with any Premier current account that includes a linked PlusSaver account, MoneyBack Rewards Credit Card (depending on your circumstances) and much more.

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 at least £500 into your account every month (or fees may apply). 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
0.50% (For balances up to £2,500
and variable for one year)
0.00%
(Interest free for first 12 months)
Royal Bank of Scotland
Interest-Paying Current Account
0.10%19.24%
NatWest
Current Plus Account
0.10%19.24%
HSBC
Current Account
0.00%19.90%

Competitor Rates Source: moneysupermarket.com – 16 January 2009

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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