A&L Premier Regular Saver with 7.00% offer closes this weekend

Research from Alliance & Leicester Current Accounts shows that one third (32 per cent) of UK workers are failing to save any of their wages each month. This is despite the current availability of competitive savings accounts such as Alliance & Leicester's Premier Regular Saver, offering a table-topping interest rate of 7.00 per cent AER.

The figures reveal that British workers are currently saving an average of £120 each month, down £43 on the average amount saved Q1 2009. The study also reveals a significant drop in the amount being saved compared to last year, with one in five Britons (21 per cent) admitting they are now saving less than they were 12 months ago.

Across the UK, the study showed that savings habits clearly vary from region to region. Those living in the Midlands save the least every month, putting away just £89 on average. In comparison, Londoners were shown to be the biggest savers, stashing away a healthy £155 per month for the future.

Gillian Almond, Current Accounts Manager for Alliance & Leicester said: "It is easy to kick-start a savings habit by setting aside an amount of money each month from your wages to build up a nest egg for the future. For those who are looking for a good deal to make their money stretch further with a high interest rate, Alliance & Leicester's Premier Current Account with its linked Premier Regular Saver is a must-have, but you have to be quick.

Gillian Almond continued: "The Premier Regular Saver is only available with a Premier Current Account, but this a limited offer, ending this weekend, so get your savings in order and grab this high interest offer while you can."

Alliance & Leicester's Premier Regular Saver is designed to help those looking to save, by encouraging them to put aside a fixed amount each month for a year. With a market leading interest rate paying 7.00 per cent gross/AER, it is only available to customers switching to an Alliance & Leicester Premier Current Account. The Premier account also includes free travel insurance so this is an all round good deal for those customers looking for a comprehensive current account and competitive savings rate.

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% 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
No monthly fee