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

Editorial Team

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

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.

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Provider Account Set Up Fee Fee per month Features Apply
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Provider Account Set Up Fee Fee per month Features Apply
N/A £12.50 No credit checks.** Prepaid MasterCard. No account opening fee. Apply Now >
£4.95 £9.95 No credit checks.** Up to 20 free payments and standing orders a month. Prepaid MasterCard. Apply Now >
  Account Interest (AER) Overdraft Rate Funding Required* Fee pm Features Apply
5.0%* 0% for 12 months £1,000 per month N/A 5.0% IN-CREDIT INTEREST on balances up to £2,500 for the first year. More Info >
3.0%* 0% for first £250 No minimum £13 3.0% INTEREST on balances up to £2,500 More Info >
1.50%* Up to £3 per day £500 per month £5 pm *1.50% AER (variable) on your entire balance up to £20,000. Up to 3% cashback on household bills. More Info >
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  Account Interest (AER) Overdraft Rate Funding Required* Fee pm Features Apply
5.0%* 0% for 12 months £1,000 per month N/A 5.0% IN-CREDIT INTEREST on balances up to £2,500 for the first year. Apply Now >
1.50% AER* Up to £3 per day £500 per month £5 pm *1.50% AER (variable) on your entire balance up to £20,000. Up to 3% cashback on household bills. Apply Now >
  Account Interest (AER) Overdraft Rate Funding Required* Fee pm Features Apply
5.0%* 0% for 12 months £1,000 per month N/A 5.0% IN-CREDIT INTEREST on balances up to £2,500 for the first year. More Info >
3.0%* 0% for first £250 No minimum £13 3.0% INTEREST on balances up to £2,500 More Info >
1.50%* Up to £3 per day £500 pm £5 pm *1.50% AER (variable) on your entire balance up to £20,000. Up to 3% cashback on household bills. More Info >
  Account Interest (AER) Overdraft Rate Funding Required* Fee pm Features Apply
N/a £500 Interest Free increasing to £2000 No minimum N/a Choose 1 of 3 great offers: Amazon Prime Student subscription, National Express Coachcard, or Tastecard More Info >
1% Overdraft limit of £1,000 increasing to £3,000 in year three £500 every academic term N/a The UK’s only fee-free student current account. Interest-free and fee-free overdraft More Info >
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