Alliance & Leicester scoops current account awards

Alliance & Leicester Current Accounts has scooped double honours in the prestigious annual Moneyfacts Awards, winning both the Best Current Account Provider (Credit Interest) and Best Current Account Provider (Debit Interest). It is the sixth consecutive year Alliance & Leicester has won ‘Best Credit Interest', and the third consecutive year winning both these awards.

Emma Walkley, Current Account Manager at Alliance & Leicester, said: "We are delighted once again to be chosen for these awards - it's really pleasing to be recognised for both for our great credit interest and our 0% overdrafts. Our market leading credit interest rate of 8.5% AER on our Premier Direct and Premier 50 accounts and 10% AER on our Premier 21 account offer great rewards to our customers.

"The benefit of great credit interest, together with our restructured, transparent and good value 0% overdraft and a fee free authorised overdraft for the first year have made Alliance & Leicester's a winning portfolio.

"One in four (25%) of those who have switched current accounts in the last five years did so to get a better credit interest rate1, with a further one in eight (13%) after a better overdraft deal. Financially savvy consumers these days know what good value looks like and it is no longer enough for current account providers to simply offer the bare minimum."

Emma Walkley continues: "In the current economic climate, it is even more important that people choose the best banking deals and let their money work harder for them. Often making simple changes like switching to a current account provider offering a better interest rate can make any belt-tightening that little bit easier."

Commenting on the award Sam Owens of Moneyfacts said: "Congratulations to Alliance & Leicester for winning both these awards once again. Alliance & Leicester has been a consistent contender in the current account market, and these awards go to prove they offer great rates of both credit and debit interest."

To find out how you could get more out of your current account or for more information on Alliance & Leicester's Premier current accounts log onto alliance-leicester.co.uk/currentaccounts. To compare the credit interest on your current account with Alliance & Leicester's Premier Direct Current Account, log on to bigbankchallenge.co.uk.