Stunning save from Alliance & Leicester - Savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Stunning save from Alliance & Leicester

Stunning save from Alliance & Leicester

Category: Savings

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

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.