Alliance & Leicester Business Bank launches 6% current account

Alliance & Leicester Business Bank has launched an improved current account offer for small businesses with a turnover of up to £1 million. In addition to free day-to-day banking and free cash deposits, the award winning Free Business Current Account will now also offer a market leading in-credit interest rate of 6.00 per cent AER (5.85 per cent gross) fixed for the first year, on balances up to £2,500.

The account is available immediately and small business owners can apply at any Alliance & Leicester branch. This offer will be available for a limited time only, so we would encourage businesses to open one without delay.

Ceri Henfrey, Head of Business Banking at Alliance & Leicester commented: "The Free Business Current Account, which is recognised as offering the best value for small businesses, is now even better providing a real return on surplus funds in the account. In the current economic climate, it is more important than ever, that business owners review all costs including their banking arrangements in order to ensure that they are operating as efficiently as possible.

"In recent years, we have seen a significant increase in the number of businesses switching to Alliance & Leicester, in order to ensure that their funds are working as hard as possible and I believe that our improved offer will prove very popular."

Alliance & Leicester Business Bank was recently awarded ‘Business Bank of the Year' by leading independent finance guide Business Moneyfacts. In addition, the bank was awarded ‘Best Business Current Account Provider' for the seventh consecutive year, confirming the banks position as an established force in the SME banking market.