Alliance & Leicester have re-introduced their hugely popular sign up offer that gives you £100 for free when you switch your banking to them.
Product Details
Alliance and Leicester - Premier Current Account
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What's the deal?
This week Alliance & Leicester have re-introduced the '£100 cashback when you switch' promotion on their Premier Current Account, making an already attractive account even more appealing.
To benefit you will need to apply for an account online before 13th December 2009, transfer your banking using their free Premier Switching Service and they'll pay you the £100 bonus within three months.
What makes it great?
The Alliance & Leicester Premier Current Account pays 0.5% AER variable on balances up to £2,500 (0.1% AER variable is paid on greater amounts) and includes an interest free overdraft facility for 12 months.
European annual multi-trip travel insurance worth £60 and a number of other 'Premier Rewards' benefits are also included as standard.
The Premier Switching Service will transfer any direct debits, standing orders and payments you have set up to your new account and will also look to match your current overdraft limit too.
Who would it suit?
This account is available to individuals over the age of 21 who are able to pay at least £500 into their account each month.
It is not available to those who already hold an Alliance & Leicester, Abbey, Cahoot or Carter Allen current account and those who have held an account with any of these banks in the past three months are also excluded from the offer.
What's the catch?
In order to receive the £100 cashback you will need to move your banking from your existing current account using their Premier Switching Service and will also need to pay at least £500 into your account within 11 weeks of account opening.
Additionally, a £2,000 maximum applies to the 12 month interest free overdraft offer and after the initial 12 month period a usage fee of 50p a day (up to a maximum of £5 a month) will be applied.
What's the alternative?
The First Direct 1st Account is another which pays you a £100 bonus when you switch your banking, however, a fee is applied unless you pay in at least £1,500 each month.
Alternatively, the Halifax Reward Current Account will pay you £5 each month that you pay £1,000 into your account whether you are in credit or overdrawn.
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.
