Customers who open a Premier Current Account with Alliance & Leicester will now be able to choose from a range of incentives as part of a new scheme to increase sign ups.
The bank is offering new customers the choice of £100 or the chance to open a Premier Regular Saver Account which offers an excellent interest rate of 7% for 12 months. It provides savers with the opportunity to pay a fixed rate of £10 and £250 each month, although if you think you’re not going to be able to make this rate of regular deposit, the cash back option might prove more fruitful.
However, restrictions do apply when signing up to the Premier Current Account, as customers must be over 21, and able to pay a minimum of £500 into the account every month. The application must be made in your branch, or by phone unless you opt for the £100 cash incentive, in which case you must sign up online only.