The point is - they advertise 6% (gross AER) on credit balances for their current account, for 12 months, on balances up to £2500. I don't think anyone is offering much more than 3% on instant access savings, so 6% is very good. If it is not available to ex-Alliance and Leicester customers, who presumably do the same for people coming to ...

I had an Alliance & Leicester Premier Direct Current Account and earned 6% on my balance for 12 months; then when the year was up and the interest rate plunged, I opened a new Account at my local Abbey branch, for a current account offering 6% on balances up to £2500 for a year. I did not 'switch' through them but arranged my ...