A&L wins award sixth consecutive year

Alliance & Leicester has been named ‘Best Business Current Account Provider’ for the sixth consecutive year.

Moneyfacts, which gave the title to the Alliance & Leicester, said the small business current account market has become very competitive in the last few years and therefore Alliance & Leicester’s dominance of this award is testament to the easily understood, good value range of current account products offered by the bank.

Furthermore, Moneyfacts awarded the bank highly commended in the ‘Best Overall Business Bank’ category and commended in the ‘Best No Notice Business Deposit Account Provider’ category. It was also a finalist in the ‘Best Computer Banking Provider’ category.

Mr Tillcock of Moneyfacts said the bank has performed consistently well in our surveys and best buy tables and the judges are delighted to recognise the bank’s excellence by awarding it ‘Best Business Current Account Provider’ for an unprecedented sixth consecutive year.

Steve Jennings of Alliance & Leicester business banking said we are delighted to have been named the ‘Best Business Current Account Provider’ for a record sixth year and it highlights our position as a credible alternative to the traditional business banks.

Last year, almost 34,000 businesses chose to open a business current account with Alliance & Leicester Commercial Bank and many of these switched and have benefited from substantially lower banking costs, added Mr Jennings.

Mr Jennings points out that many businesses are losing out because they do not make sure they are getting the best banking deal.

Statistics show that small businesses are losing out on £500 million each year by remaining in uncompetitive business banking deals.

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