The Alliance And Leicester premier current account is a competitive and new account. Offering you an interest rate of 5.0% AER fixed until 31/12/2005 on balances up to £2,500 and a 0% overdraft for the first 12 months there are lots of reasons to choose Alliance and Leicester. All you need is to be over 21 years of age and have a minimum funding of £1,000 per month going into your account.

Here's what Alliance & Leicester customers enjoy:

• Interest rate - 5.0% AER fixed until 31/12/2005 on amounts up to £2,500.00. 0.1% on amounts over this however there is a linked plus saver account offered with this account paying 4.50% Gross AER.
• Lowest overdraft rate on the high street - 7.9% EAR typical (variable)
• 24 hour support - telephone & e-mail
• Free annual worldwide travel insurance worth up to £80
• 0.1% AER (variable) on balances over £2,500
• Up to £50 Cashback when you open this account online

You Can Also Get: -

• A linked PlusSaver savings account - now at 4.50% Gross p.a. AER (variable)
• An optional MoneyBack Plus Credit Card with introductory offer
• Preferential deals on mortgages, loans and investments
• Manage your account with free Internet and telephone banking
• Access to your cash through all UK cash machines and UK Post Office® branches
• Pay in money at one of over 300 Alliance & Leicester branches
• 3 in 1 Visa Debit, £100 cheque guarantee, and cash machine card
• No hassle account switching to make it easier to move from your existing bank

Terms Explained

** EAR stands for Equivalent Annual Rate and illustrates the yearly cost of an overdraft.
** AER stands for Annual Equivalent Rate and demonstrates what the interest rate would be if interest was paid and compounded once a year.