You could win a VIP trip to Italy PLUS tickets to the 2010 ITALIAN FORMULA 1 GRAND PRIX* when you open a new Premier Direct Current Account. 6% AER (fixed) for 1 year on balances up to £2,500. Apply today.

What do you get with a current account?

1
6% AER (fixed for one year) on balances up to £2,500.
2
0% EAR typical overdraft.
No usage fees for
12 months.
3
Free Switching Service.
4
24-hour account servicing.

Get great benefits with our current accounts

  • Earn a great rate of 6% AER (fixed for one year) on balances up to £2,500. After one year, 1% AER (variable) applies. Balances over £2,500 earn 0.10% AER (variable).
  • 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.
  • 24-hour servicing using internet and phone banking.
  • PLUS your chance to win a VIP trip to Italy and tickets to the 2010 ITALIAN FORMULA 1 GRAND PRIX*. Prize draw rules apply. Closing date 7 March 2010.
  • 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 a linked PlusSaver account and the Santander Zero Credit Card (depending on your circumstances).

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.


Compare current accounts

Current accountsCredit interest rate AEROverdraft
interest rate
EAR (variable)
Premier Direct Current Account 6% (fixed) for 12 months
(Balances up to £2,500)		0% (no usage fees for first 12 months)
Royal Bank of Scotland
Interest-Paying Current Account		0.10% (variable)19.24%
NatWest
Current Plus Account		0.10% (variable)19.24%
HSBC
Current Account Advance		0.00% (variable)19.90%
Competitor rate source: www.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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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.

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