Alliance & Leicester's Premier Regular Saver returns

Alliance & Leicester's ground-breaking Premier Regular Saver account is back for a limited period only, to encourage a new focus on saving rather than spending. The account paying 7.00% pa gross/AER will be available to customers switching to an Alliance & Leicester Premier Current Account, from Wednesday 6 May 2009.

The Premier Regular Saver is designed to encourage people to put aside a fixed amount each month for a year, and makes Alliance & Leicester's Premier Current Account, which already has free travel insurance, even more attractive.

Gillian Almond, Current Accounts Manager for Alliance & Leicester said: "The Premier Regular Saver is a great way for people to kick-start a savings habit and, in a year they will have saved up a nice little nest egg, and received an eye-popping rate of interest. We seem to have had years of spend, spend, spend, now it is time to save, save, save.

"This is a great opportunity for customers to review their banking needs and switch to an Alliance & Leicester Premier Current Account which gives them free travel insurance, a fee-free agreed overdraft for twelve months, more credit interest than most big name banks, and a stunning regular savings account to get them back in the tradition of saving for a rainy day. This is a time-limited offer, so grab it while you can."

Michelle Slade, Savings Expert at Moneyfacts said: "Now is the time to start saving. While the A&L Premier Regular Saver has a very good interest rate, the linked current account is very good too. This is an offer prospective savers should seriously look at."
The Premier Regular Saver offers:

A market leading interest rate of 7.00% gross AER
Fixed monthly payments of between £10 and £250
Potential annual return of £113.75 including gross interest if a customer invests the maximum of £250 per month. A total of £3,000 will be paid into the account during the 12-month term.

The Premier Current Account offers:

0% interest and fee free use of an agreed overdraft for the first 12 months
Free annual multi-trip European travel insurance worth up to £60 (upper age limit of 65 applies).
Hassle-free switching service to transfer your salary, Direct Debits and standing orders
Secure Internet and mobile banking