Current Accounts News Abbey And A And L Current Accounts Saw 1 Million New Customers In 2009 18470244

Abbey and A&L current accounts saw 1 million new customers in 2009
Go compare with our comparison table

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

14 December 2009 / by Rebecca Sargent

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.

© Fair Investment Company Ltd

Provider Account Set Up Fee Fee per month Features Apply
N/A £12.50 No credit checks.** Prepaid MasterCard. No account opening fee. More Info >
£4.95 £9.95 No credit checks**. Prepaid MasterCard. Credit Building facility. More Info >
£4.95 £9.95 No credit checks.** Up to 20 free payments and standing orders a month. Prepaid MasterCard. More Info >

**See Terms and Conditions

Written by Editorial Team