Alliance & Leicester has been named Best current account provider - debit interest by leading independent finance guide Moneyfacts for the third time in a row.
The Premier and Premier Plus current accounts offered by Alliance & Leicester caught the guide's eye, as both have a debit interest rate of just 7.9 per cent EAR on both authorised and unauthorised overdrafts.
New customers also benefit from a fantastic introductory rate of zero per cent on authorised overdrafts of up to £2,500 in their first year with the bank.
"Our award winning low overdraft rates on our Premier and Premier Plus current accounts are backed by other real benefits - such as market leading levels of interest when in credit and free travel insurance," said Simon Ripton, current account manager at Alliance & Leicester.
The free travel insurance is available to any Premier and Premier Plus current account holder up to the age of 65.
Alliance & Leicester is also offering a £25 bonus to anyone who successfully applies for a Premier or Premier Plus current account.Click here to find out the best current accounts.
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