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Stunning save from Alliance & Leicester

Stunning save from Alliance & Leicester

Category: Savings

Updated: 07/05/2009
First Published: 07/05/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
The Alliance & Leicester has announced it is to re-launch its popular Premier Regular Saver.

The product is a one year fixed term regular savings account which pays an attractive 7.00% on a monthly minimum investment of £10.

Savers must pay into the account every month for a full year, depositing £10 to £250. Payments cannot be altered or extra payments made, while the maximum investment has been capped at £3K.

The account is available to those who open a Premier Current Account and funds must be transferred to a variable rate account on maturity.

This product offers clients an excellent way to start saving while earning a high return on their funds. However, it is worth considering that a current account that requires a monthly deposit of £500 must also be opened.

If these criteria can be matched, clients would do worse than plump for this top rate product that has been awarded four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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