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Link a current account and savings account to get a high interest deal

Santander, through both Abbey and Alliance & Leicester, are offering a high interest deal by linking a high interest current account with a high interest regular savings account.

1326434410 25 Link a current account and savings account to get a high interest dealSwitching to an Abbey current account, either the new Abbey Reward account or Preferred in Credit Rate current account, gives access to the Abbey Super Fixed Rate Monthly Saver savings account.

Or, switching to an Alliance & Leicester current account, either the Premier Direct or Oremier 50 current account, gives access to the Alliance & Leicester Premier Regular Saver savings account.

You can apply for the current accounts, from both Abbey and Alliance & Leicester, online.

The current accounts and the savings accounts pay 6% AER/gross.

The credit interest on the current account is 6% AER (fixed) for the first 12 months on balances up to £2,500.

After this, the interest falls to 1% (variable) on balances up to £2,500 and above this is 0.1% AER (variable).

The savings accounts are only available to new customers who do not currently have a current account with Alliance & Leicester, Abbey, Cahoot or Cater Allen and have not held a current account within the 3 months preceeding an application.

The savings account require a regular savings amount to be added each month, from £20 to £250 and no withdrawals can be made during the 12 month fixed period.

As Andrew Hagger of Moneynet.co.uk comments ‘As long as you’re comfortable that you can contribute 12 equal monthly payments without the need to access your account then it’s definitely worth a look. if you’re a disciplined regular saver this market leading rate will ensure you receive a decent return on your cash.’

The offer is available until 5 September 09.

<a href="http://www.moneyhighstreet.com/credit-card-news/body-art-or-boob-job-christmas-present/tag:news.google.com,2005:cluster=http://www.moneyhighstreet.com/credit-card-news/body-art-or-boob-job-christmas-present/Mon, 19 Dec 2011 22:39:33 GMT”>Link a current account and savings account to get a high interest deal

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