Abbey and A&L current accounts saw 1 million new customers in 2009

14/12/2009
Rebecca Sargent
Abbey and A&L current accounts saw 1 million new customers in 2009

Santander owned Abbey and Alliance and Leicester current accounts saw the opening of one million new accounts in 2009.

Both the Abbey current account, which offers an interest rate of 6 per cent on balances of up to £2,500, and the Alliance and Leicester current account, which offers an interest free arranged overdraft have proven popular with customers.

Commenting, Alison Brittain, Santander's executive director of retail distribution in the UK said: "It is a significant achievement to open 1 million new current accounts in a year in the UK – especially as Britons are sometimes hesitant when it comes to moving their primary banking relationship.

"We have only been able to do this by offering the most compelling products, a free switcher service and through the dedication of our staff in promoting the benefits of switching to our accounts."

The latest addition to Santander's current account range is the Zero Current Account, available to Abbey mortgage customers, which offers no fees for exceeding authorised overdrafts or using cash machines abroad.

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up to £5000 (from 19.3%)Telephone and Online Banking - Simply, free and easy to use 
0% on arranged overdrafts!Interest free overdrafts 
19.99%A flexible current account for day-to-day banking 
19.24%0.10% interest is calculated daily and paid into your account on a monthly basis 
0% for 12 months, max limit £2500Earn 5.0% on balances up to £2500 
from £1 per day£5 cashback every month you deposit £1000 
from £1 per day£5 cashback every month you deposit £1000 
19.9%£50 cashback for new customers when you switch to HSBC Current Account or Current Account Plus. 
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