Alliance and Leicester current accounts offer £100 cashback if you switch Go compare with our comparison table

Alliance and Leicester current accounts offer £100 cashback if you switch

25 April 2010 / by Lois Avery

A cash bonus is being offered to customers if they switch their account to Alliance and Leicester from next week.

Millions of people who have not switched their bank account in recent years are being urged to review their current account and move on if they are not getting a good deal.

From Tuesday 27 April, Alliance & Leicester are giving a welcome cash bonus of £100 on their Premier Current Account, which also offers free annual travel insurance and an interest free overdraft for 12 months.

Also on offer is an interest rate of 0.5 per cent, which is fifty times more interest than many others which pay 0.1 per cent or no interest at all.

Figures from the Office for National Statistics show that’ seven in ten Britons, or more than 34 million people, have not switched their main current account since 2000, and three quarters say they have no plans to review their current accounts in the near future.

Helen Bierton, Head of Current Accounts for Santander's UK brands said: “The launch of the £100 cash bonus offer is good news for customers who are looking to make the most of their money in these difficult times.

“Most customers have not switched their bank account recently and will be sitting on an account with very low in-credit interest rates and high overdraft interest rates, meaning that
their money is not working hard for them.

“With the £100 cash bonus offer from Alliance & Leicester back, it is a great time to think about switching bank accounts.”

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