Tag: Alliance & Leicester

HSBC and A&L follow Nationwide with counter changes

HSBC and A&L follow Nationwide with counter changes

From 1 July, Alliance & Leicester (A&L) will attempt to reduce its queues by making customers with cash cards withdrawing less than £300 to use the branch cash machine. The bank, which is to be renamed Santander later this year, said the change will bring the bank brand in line with other banks in the [...]

May 26, 2010 | 0 Comments More
Santander begins rebranding of Abbey and B&B

Santander begins rebranding of Abbey and B&B

Spanish banking giant Santander is to begin its integration of UK High Street banks - Abbey and Bradford & Bingley (B&B). Santander, which is the second largest banking group in the world after HSBC, became a household name in the UK when it acquired Abbey for £9.5 billion, back in 2004. In July 2008, it [...]

January 11, 2010 | 0 Comments More
A&L most consistently competitive mortgage lender

A&L most consistently competitive mortgage lender

Alliance & Leicester (A&L) replaced HSBC as the UK’s most consistently competitive mortgage lender during the final quarter of 2009. According to research by mortgage search software firm, Evaluate Technologies, A&L surged ahead despite having failed to register any of its home loans in best buy tables during the previous quarter. The lender, which is [...]

January 8, 2010 | 0 Comments More
Alliance & Leicester provides free anti-phishing software

Alliance & Leicester provides free anti-phishing software

Alliance & Leicester customers are being offered free software to protect them from internet fraudsters. The Santander-owned bank said the Rapport software is designed to protect customers from phishing attacks and malware. Rapport makes sure sensitive information entered into websites, such as passwords and User IDs, is protected from hackers seeking to gain valuable personal [...]

November 7, 2009 | 2 Comments More
Santander to close 6% current account

Santander to close 6% current account

Santander plans to discontinue the 6% current account at its UK banks. The 6% + 6% offer, which pays new Abbey and Alliance & Leicester customers 6% interest on their current account and on monthly savings, will close later this week. Savers taking maximum advantage of the offer could earn nearly £250 interest in the [...]

September 2, 2009 | 0 Comments More
Santander banks launch 4.2% bond

Santander banks launch 4.2% bond

Abbey, Alliance & Leicester, and Bradford & Bingley have announced the launch of a new two-year fixed-rate bond paying interest at 4.2%. Savers can open the bond with an investment of between £10,000 and £2 million. Any withdrawals incur a penalty of 120 days interest. The bonds can be opened by visiting any branch of [...]

Santander pays 6% on savings

Santander pays 6% on savings

Santander’s UK banks are offering interest rates of up to 6% on monthly savings accounts and current accounts. Abbey’s Super Fixed Rate Monthly Saver and Alliance & Leicester’s (A&L) Premier Regular Saver are both paying the headline rate to savers who invest a fixed amount between £20 and £250 per month. However, there’s a catch. [...]

August 4, 2009 | 0 Comments More
Abbey becomes UK’s second-biggest mortgage lender

Abbey becomes UK’s second-biggest mortgage lender

Abbey and Alliance & Leicester (A&L) are together claiming to be the UK’s second-biggest mortgage lenders, behind HBOS. Both banks belong to Spanish group, Santander, which reported its half-year results this week. The figures reveal that Abbey and A&L were responsible for 16.3% of the UK’s gross mortgage lending during the six months to the [...]

July 31, 2009 | 0 Comments More
Santander rebrands commercial banking units

Santander rebrands commercial banking units

The commercial banking wings of Abbey and Alliance & Leicester were yesterday renamed under the Santander brand. Santander-owned Abbey UK Corporate Banking and Alliance & Leicester Commercial Bank were rebranded Santander Corporate Banking. A total of 20 regional corporate banking centres will undergo the name change this year, including centres in Birmingham, Cardiff, Glasgow, Hull, [...]

July 2, 2009 | 0 Comments More
Santander to rebrand Abbey, A&L and B&B

Santander to rebrand Abbey, A&L and B&B

In a move which will cost £12 million, Santander is to re-name its UK High Street banks: Abbey, Alliance & Leicester (A&L) and Bradford & Bingley (B&B). According to Santander, the move is aimed at saving £180 million from integrating the three banks. The move would also allow the UK business to use the “expertise [...]

May 27, 2009 | 1 Comment More
A&L tempts first-time buyers with a 15% deposit

A&L tempts first-time buyers with a 15% deposit

Alliance & Leicester (A&L) has launched a new mortgage aimed at first-time buyers with a 15% deposit. The three-year fix, which is fee free, comes with a maximum loan-to-value ratio of 85%, an interest rate of 5.99%, a maximum loan size of £250,000 and a free valuation. Latest figures from the Council of Mortgage Lenders [...]

May 14, 2009 | 0 Comments More
A&L launches 9-month fixed-rate business bond

A&L launches 9-month fixed-rate business bond

Alliance & Leicester (A&L) has launched a new nine-month fixed-rate bond aimed at small and medium sized businesses. The Business Bond pays interest at 2.81% AER (2.80% gross), and matures on 1 March 2010. SMEs with savings between £50,000 and £2 million can open the bond online, on the telephone, or in branch. The bond [...]

May 11, 2009 | 0 Comments More
Santander launches 4.01% fixed-rate bond

Santander launches 4.01% fixed-rate bond

Santander’s UK banks have launched a new two year fixed-rate bond paying interest at 4.01% gross p.a./AER. Minimum deposit is £30,000, and maximum deposit is £2 million. The bond is available in store from branches of Abbey, Bradford & Bingley, and Alliance & Leicester. Reza Attar-Zadeh, director of savings and investments at Santander UK, said [...]

May 7, 2009 | 1 Comment More
A&L offers new customers 7% on savings

A&L offers new customers 7% on savings

Alliance & Leicester (A&L) yesterday re-launched its Premier Regular Saver account. The account pays interest at 7% pa gross/AER, and is designed to encourage people to put aside a fixed amount each month. “The Premier Regular Saver is a great way for people to kick-start a savings habit,” said Gillian Almond, A&L’s current accounts manager. [...]

A&L launches two-year tracker at 2.95%

A&L launches two-year tracker at 2.95%

Alliance & Leicester (A&L) has launched a two-year tracker at 2.45% above base rate (currently 2.95%). The mortgage is available to both homebuyers and remortgagers who can stump up a deposit of at least 25%. It comes with a fee of £499 and the maximum loan size is £250,000. According to the lender’s director of [...]

April 26, 2009 | 0 Comments More
HSBC tops customer service league

HSBC tops customer service league

HSBC is the best high street bank for customer service, according to mystery shopper research by Prophet. The innovation strategy consultants found that of the ten banks surveyed, only HSBC and Citi offer a customer experience ‘above expectations’. Barclays came in third place behind HSBC and Citi, providing a customer experience that met expectations. Lloyds [...]

April 22, 2009 | 4 Comments More