Apply for an Alliance & Leicester Premier Current Account online and make the switch before 2nd April and you'll be paid a £100 bonus.
What's the deal?
If you apply for an Alliance & Leicester Premier Current Account online before 2nd April and move your money using their free Premier Switching Service they'll pay a £100 bonus into your account within 4 months.
What makes it great?
This is a fee-free account that offers a 12 month 0% APR overdraft, pays 0.5% AER variable on balances up to £2,500 (0.1% AER variable on amounts greater than this) and includes European annual multi-trip travel insurance worth £60 as standard, plus other benefits included as part of their 'Premier Rewards' package.
Their Premier Switching Service helps to make moving your banking easy and will switch all of the direct debits, standing orders and incoming payments linked to your existing current account on your behalf. They will also look to match your current overdraft limit too.
Who would it suit?
To qualify for this account you'll need to be over 21 and able to pay at least £500 a month into your account as either salary or other income. Additionally, it's not available to individuals who already hold, or have held a current account with Alliance & Leicester or an Abbey in the past 3 months.
What's the catch?
To qualify for the £100 bonus you will need to apply for a Premier Current Account online before 2nd April, 2009 and move your banking using their free Premier Switching Service.
A £2,000 maximum applies to the 12 month interest free overdraft offer. Also, after 12 months a usage fee of 50p a day (up to a maximum of £5 a month) will be applied to any arranged overdraft associated with the account.
What's the alternative?
First Direct also offer a £100 bonus to new customers who open a 1st Account. However, this is only likely to be a good option for those who can pay at least £1,500 a month into their account, maintain an average account balance of £1,500 or hold a First Direct mortgage, as otherwise a £10 monthly charge will be applied.
Alternatively, the Halifax Reward Current Account will pay £5 into your account for every month that you pay in £1,000, regardless of whether you're in credit or overdrawn. This account doesn't pay any interest on in-credit balances and offers an interest free overdraft. However, you will be charged a flat fee of £1 a day on arranged overdrafts up to £2,500, £2 a day on arranged overdrafts greater than £2,500 and £3 a day on unauthorised overdrafts.
Alliance & Leicester's £100-for-switching offer also extends to their Premier 50 bank account. However, while it does pay 5% AER variable on balances up to £2,500 for a year, offer an interest free overdraft for 12 months and include a number of other benefits such as annual multi-trip travel insurance and health cover, it does come with a monthly fee of £10.
We have done our very best to make sure that the information included in this Deal is accurate. However, sometimes offers can be withdrawn or changed at the last minute so please do check that you're able to redeem this Deal before parting with any money, or going out of your way to take advantage of the offer.
