Alliance and Leicester has thrown down the gauntlet to the rest of the current account market with its online Premier Direct Current Account.
The account pays 6.5% fixed for one year on balances up to £2,500. At the end of the year, the rate reverts to Bank of England base rate less 1%. To open the account, you must agree to pay a minimum of £500 per month.
Our tip: if you are over 21, and like the look of this online current account as much as we do just follow our links for more details.
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