Premier Direct Current Account

Work your money harder with an online bank account that pays a great rate.

Customer reviews

Get great benefits with our current accounts

Earn 6.50% AER (fixed for one year) on balances up to £2,500. After one year the rate goes back to Bank of England base rate less 1%. Balances over £2,500 earn 0.10% AER (variable).
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.
24-hour servicing using the internet, phone and mobile banking.
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.
Best curent account credit interest 3 years running and best debit interest 6 years running. Awarded by Moneyfacts.

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 Direct Current Account, you must be over 21 and pay at least £500 into your account every month. Cash, cheques and your salary all count towards this monthly amount, and they can be spread out over a month. You need an e-mail address and access to the internet.

Apply online

Compare current accounts

Current accounts	Credit interest rate AER (variable)	Overdraft interest rate EAR (variable)
Premier Direct Current Account	6.50% ^{(For balances up to £2,500 and fixed 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 rate source: www.moneysupermarket.com 1 December 2008

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 16855

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.