Alliance & Leicester account in 'Recommend a Friend' bonus by Finance News Bulletin
- Home
- »Alliance & Leicester account in 'Recommend a Friend' bonus
Published: 27/11/07
Alliance & Leicester is giving consumers even more reasons to recommend one of its packages to a friendFor the whole of July, existing Alliance & Leicester account holders will be given a £50 incentive to recommend a wrap up to one of their friends, with the same amount also being given to the successful candidateNew and existing Alliance & Leicester account holders will also be provided with a gratis mobile banking service through to the end of the yearIn order to take up one of the group's packages, clientele need to be over 21 and be able to fund the minimum £500 within eight weeks of gap the account
Andy Bayes, head of accounts at Alliance & Leicester, said the package "is a huge way of rewarding our customers and showing our appreciation for choosing to store with us"He added: "This increase to our offer will last until the end of July and gives potential clientele another reason to bank with us in addition to a market most important credit and debit interest rate which have won Moneyfacts awards for the last few
Visit original article:Related Articles:
Get More Dosh From Your Current Account! - Published:29/10/07
According to my reckonings, there are three types of present explanation users The first are the "sensible" types, whose explanations are always in credit The second are the more "frivolous" types, whose accounts are usually overdrawn And the third, and this describes me, are the "sweepers" We keep the bare minimum in our current accounts at all times, far-reaching out the rest into a high-interest savings accountNow, all current financial records are not the same, which means that if you haven't changed your account for a while it could be you're missing out Sensible types keeping hefty balances in their financial records but earning just 01% AER, for instance, could be losing hundreds of pounds in potential interest playful types paying expensive overdraft tax could be spending far more than they need each month And sweepers could be missing out on freebies or other goodiesLet's take a seem at some of the accounts on the marketplace at the moment that are suitable for each kind of account userSensible folk never go overdrawn and so completely avoid the possible of being ripped off by their bank's overdraft fee And by keeping a fit balance in their accounts, they are prepared for anything So in my view, picking an account that pays a decent speed of interest is your best bet Your money should be easily accessible, but still earning a great rateAbbey store Account8% on balances up to £2,500Rate lasts 12 months, after this it drops to 25% Interest-free overdraft for first 4 monthsMust deposit at least £1k per monthPremier Direct Account65% set until 31/10/08) on balances up to £2,5000% overdraft for one year Recommend a pal and you will each get £25Must deposit £500 monthlyFirst explanation635% on balances up to £250,000Includes 085% bonus for 1 day Interest-free £250 overdraft facilityMust deposit at least £1k per monthAs you can see, Abbey's explanation comes top with its staggering speed of 8% AER However, take note that this efficiently includes a 12 month, 55% bonus (the speed drops to just 25% after this time) Coventry's First account also includes a 12-month bonus which, once expired, makes its rate quite mutually respectful If the idea of shifting current explanation again in a year is unappealing (which no doubt for most it will be) I would look in its place to the Alliance & Leicester or Halifax accountsAre you usually in the red Do you manage a few days each month following payday) when your account looks healthy, only for it to become quickly overdrawn again If so, no doubt you'll have felt the sting of overdraft interest or, not as good as still, an unauthorised overdraft charge And with unauthorised overdrafts characteristically charging interest at over 24% EAR, this can be a very expensive state of affairs indeedLuckily, there are accounts out there offering relatively cheap overdraft facilities for put periods, giving you some time to pay off that spiteful debt while paying less interest/charges on it Check these out:Alliance & Leicester Premier Direct Account0% overdraft for one day, 59% thereafter 65%AER (fixed until 311008) on balances up to £2,500Recommend a friend and you will each get £25Must deposit £500 monthlyAlliance & Leicester prime minister Account0% overdraft for one year, 79% thereafter Free European travel insurance Can be linked to the prime minister Regular investor, paying 12% AER Recommend a friend and you'll each get £25Must deposit £500 monthlyHalifax Moneyback Account69%01%1% cashback awarded on first £10k of purchases made with your withdrawal card both in the UK and abroadMust deposit at least £1k per monthNationwide BS FlexAccount Account775%425% stipulation £1k paid in per month)Free debit card employ abroadIf £500 is paid in per month interest rate = 125% AER (£500 or less = 025%)Top account again is from Alliance & Leicester, offering an interest-free overdraft for 12 months both with its Premier straight and Premier financial records However, this does last for a year only, so you actually need to try and pay off that overdraft during that timeAnd finally, if you're a "sweeper", choosing to leave the bare smallest amount in your account to cover the direct debits and sweeping all excess money into a high-interest savings explanation, you can really pick the explanation that offers the extras you want, as you don't require a huge interest or overdraft rateFor instance, if you travel regularly, the Nationwide FlexAccount allows you to make money machine withdrawals overseas with your debit card for free The A&L Premier account gives a free annual European travel cover policy Or if you're really organised you could take out an A&L Premier Direct explanation with a free overdraft and dip into that, while saving your money elsewhere (and by getting a friend to pass on you, make £25 each, too)If you are a sweeper, as a final letter it is essential that you leave enough in your account to prevent you from leaving overdrawn and being charged If you occasionally slip into the crimson, consider an account such as the Chelsea BS First account, which offers a £250 interest-free overdraft, just in caseSo there you have it, some of the best financial records on the market for all kinds of current-account users And don't underestimate the power of moving explanation: by earning a great rate on your equilibrium, avoiding overdraft fees or snapping up freebies you could make otherwise save) over a hundred pounds each day Figure out which type you are and make certain getting the most from your bank account© Copyright 1998-2007, The assorted Fool Limited All rights reserved This material is for individual use onlyPlace of Reg: England & Wales corporation Reg No: 3736872 VAT Reg No: 735 7818.
Read More: Get More Dosh From Your Current Account! >>Abbey: Broker advice growing in popularity for FTBs - Published:14/09/07
As the existence go by, an increasing number of first-time buyers (FTBs) are turning to mortgage brokers for recommendation, according to Abbeynovel research from the bank reveals that 28 per cent of people old between 25 and 34 turned to an intermediary for recommendation on their first move - compared to two per cent of those aged over 65Ricky Okey, managing director of Abbey for Intermediaries, supposed the shift in attitudes is "promising" for the prospect"Brokers are becoming an increasingly important part of FTBs' decision-making procedure thanks to service and cost improvements as well as being able to present a broader product range," he addedIn other news connecting to those trade their first home, Alliance & Leicester Mortgages revealed that 51 per cent of FTBs wish to be situated near the office, compared to 28 per cent who favor to.
Read More: Abbey: Broker Advice Growing In Popularity For Ftbs >>Alliance & Leicester Directsaver account launched - Published:26/10/06
The market leading Alliance & Leicester Directsaver account has been introduced to the marketplace, offering customers 525 per cent gross (538 per cent AER)The account will give clientele 24-hour access to their explanation by utilising phone and internet banking and the smallest amount balance is £5,000Interest is earned on a daily basis and is waged monthly, directly into the Alliance & Leicester Directsaver account or concurrent current accountManager for savings at Alliance & Leicester Ross Dalzell announced: "DirectSaver is perfect for customers who want to earn a far above the ground rate of interest on their investments without the risk of a stock market investment"In addition to a great interest speed, the account allows immediate access to your money as and when you need it"Research undertaken by Alliance & Leicester showed that when considering a savings explanation, 84 per cent of customers looked for a high-quality interest rateSecond to this was the consideration that the money was secure, with 54 per cent of clientele citing this as a factor in formative the right accountThe next best become aware of account interest rate to the Alliance & Leicester Directsaver account is the Halifax Extra Income investor which offers 407 per cent AERCompared to other instant access financial records, Bradford & Bingley's esavings is second to the coalition & Leicester Directsaver account in conditions of interest rates, with an offering of 510 per cent AERConsumers rely on welcoming financial.
Read More: Alliance & Leicester Directsaver Account Launched >>