Santander offers £100 to new customers

| September 7, 2009 | 0 Comments

Abbey and Alliance & Leicester (A&L) are offering new customers a £100 incentive to switch to their current accounts.

The Santander-owned banks are offering the bonus to new customers opening an Abbey Preferred Overdraft Rate account or an A&L Premier Account from today.

To receive the cash bonus, customers must fund the account with a minimum of £500 per month at A&L, or £1,000 per month at Abbey.

The Abbey account includes a 12-month interest-free overdraft of up to £5,000.

Both accounts pay 0.5% interest on in-credit balances of up to £2,500.

Santander said the £100 bonus is “good news” for anyone looking to switch current accounts.

“It is time that people started looking for real value, and beyond the traditional big-name banks,” said Gillian Almond, Santander UK’s head of current accounts.

Consumer advice site said the accounts were already “two of the most attractive” on the market, and that the £100 bonus “simply sweetens the deal”.

“This is the third time this year that Alliance & Leicester has offered this deal, but each time it has only been available for a limited period. So, if you want to make the most of it, act fast,” said Chris Eagle, commercial manager.

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