A&L high interest current account wins award

Alliance & Leicester's Premier Direct current account, which pays one of the highest in-credit interest rates in the market, has won the lovemoney.com award for most-loved High Interest current account, plus the accolade of being one of the public's overall most loved current account brands.

The lovemoney.com public poll quizzed hundreds of existing customers on personal finance products.

Helen Palmer, Head of Current Accounts at Santander, commented: "We are delighted that lovemoney.com's customers have voted our products as offering them the best value. To have won this award, based on votes by the public, is true recognition that our products give customers the value that is important to them.

"The Alliance & Leicester Premier Direct current offers a great interest rate of 6 per cent on credit balances up to £2,500 for the first 12 months, as does the equivalent Santander account (PICR), which is up to 60 times more interest than most of our competitors pay.

"Santander and Alliance & Leicester are committed to offering fantastic value for our customers. The new Santander Zero Current Account for mortgage customers is a great example, it is an account which offers no fees when a customer exceeds their overdraft,  no fees from us for using cash machines anywhere in the world, as well as a fantastic 6 per cent interest rate."

More than 600,000 people visit lovemoney.com every month to get tailored advice on how to build a better relationship with their money. Alliance & Leicester were awarded the following at the inaugural lovemoney.com personal finance awards:

Current Account Interest Rate - Winner
Overdraft rate - Cheer
Most loved (overall winner) - Cheer.