Santander offers high interest current account deals

Santander's UK current account brands, Abbey and Alliance & Leicester, are making saving money twice as nice by offering a high interest regular savings account which is linked to a market-leading high interest current account.

The Abbey Super Fixed Rate Monthly Saver is exclusively available to those switching their current accounts to either the new Reward Account or Preferred In Credit Rate current account. Alliance & Leicester's Premier Regular Saver is available to those who switch to its Premier Direct and Premier 50 current accounts.

The current accounts and the savings accounts both boast an impressive 6.00 per cent AER/gross, which could provide a great return of up to £247.50 for those saving the maximum every month.

Gillian Almond, Head of Current Accounts for Abbey and Alliance & Leicester said: "This cracking new offer will give people a very good reason to kick-start a disciplined savings habit, when you switch to one of our market-leading current accounts at the same time.

"Milllions of people have not updated their bank account within the last decade, so this is a great opportunity to ditch a poor value account, and move to one of the best current accounts on the market."

Gillian Almond continued: "Putting money away regularly is a good way of building up a nice lump sum. You could choose to re-invest it, put it aside for use in an emergency, or treat yourself or a loved one to something special. This great offer is available until 5th September, so start saving regularly now, and you will have a nice lump sum in a year to spend as you wish."

Michelle Slade, from Moneyfacts said: "Abbey and A&L have been at the forefront of offering high interest current accounts and a high interest regular saver in recent times. Now they are linking the two, which is very good news and means you can have the best of both worlds. This should encourage people to at the very least review the deal they are on at the moment, and if they are savvy switch to something that gives them a better return."

Andrew Hagger from Moneynet.co.uk said: "6% on both your current account and linked regular saver is an attractive double offer. As long as you're comfortable that you can contribute 12 equal monthly payments without the need to access your account then it's definitely worth a look. If you're a disciplined regular saver this market leading rate will ensure you receive a decent return on your cash."