Alliance and Leicester Premier 21
If you are aged between 16 and 20, can pay in at least £250 a month and use internet banking you can bag the best interest rate on the market meaning your hard earned cash works even harder. 10% AER (fixed for 1 year) on balances up to £1,000. No interest or usage fees on agreed overdrafts for first 12 months (0% EAR typical overdraft). After 12 months, 0% overdraft continues but a usage fee of 50p a day (£5 max per month) applies if agreed overdraft is used. Max overdraft limit is £2,500
 |  Compare Alliance and Leicester Premier 21 details directly with other current accounts or compare current accounts using our current account comparison tables. | ||
| Company: | Alliance & Leicester www.alliance-leicester.co.uk | ||
| Product: | Premier 21 | ||
| Apply via this site: |  | ||
| Application Criteria | |||
 Minimum income: | There is no minimum income required to open this account. | ||
| Minimum Monthly Credit: | There is no minimum monthly credit required. | ||
| Minimum Investment: | The minimum investment is £1. | ||
| Maximum Investment: | Unlimited | ||
| Minimum Age: | The minimum age to open this account is 16 years, maximum age 21 years. | ||
| Maximum Age: | The maximum age is 20. | ||
| Existing Customer Only: | This account is not only available to existing customers. | ||
| Area Restrictions: | There are no area restrictions. | ||
| Transfer Assistance: | No transfer assistance is available. | ||
| Incentives | |||
| Account Promotions: | Linked PlusSaver Account Premier customers who take out Buildings and Contents cover will receive 50% off their contents insurance and £25 M&S vouchers. If Alliance and Leicester are unable to beat the customer's motor insurance renewal quote, the customer will receive a year's free cover and free breakdown cover. As a limited special offer for Premier customers, foreign currency can be sent abroad for a reduced fee of £10. £25 recommend a friend cashback. Guaranteed Capital Account - investment account exclusively available to Premier customers. Save & Protect Account - exclusive to Premier current account customers when also taking out Legal & General non-mortgage related Life Cover, Life or Critical Illness Cover or Critical Illness Cover. MoneyBack Rewards Credit Card available (subject to status). Exclusive mortgage deals for Premier customers. Special loan offers for Premier customers. | ||
| Incentive Cashback £: | This incentive is not available with this account. | ||
| Incentive Moneyback: | This incentive is not available with this account. | ||
| Incentive Pref Rate/Deals: | Linked PlusSaver account offering a preferential interest rate. Save & Protect Account - exclusive to Premier current account customers when also taking out Legal & General non-mortgage related Life Cover, Life or Critical Illness Cover or Critical Illness Cover. Guaranteed Capital Account - investment account exclusively available to Premier customers Exclusive mortgage deals for Premier customers. Special loan offers for Premier customers. MoneyBack Rewards Credit Card available (subject to status). | ||
| Incentive Disc/Vouchers: | This incentive is not available with this account. | ||
| Incentive Breakdown: | This incentive is not available with this account. | ||
| Incentive Protection: | This incentive is not available with this account. | ||
| Incentive Other Insurance: | This incentive is not offered with this account. | ||
| Incentive Savings Sweep: | This incentive is not available with this account. | ||
| Incentive Currency: | As a limited special offer for Premier customers, foreign currency can be sent abroad for a reduced fee of £10. | ||
| Incentive Other: | As a limited special offer for Premier customers, foreign currency can be sent abroad for a reduced fee of £10. | ||
| Facilities | |||
| Internet Banking: | Internet banking is available where the customer would be able to access their current and savings accounts online, plus receive total support from a 24 hour helpdesk. With Internet Banking the customer can: - Access their savings and current accounts online. - Make transfers between their current account and savings account. - View and cancel Direct Debits. - Set up, amend and cancel standing orders. - Pay bills and view statements. - Download statements. - Order cheque books, foreign currency and travellers cheques. | ||
| Branch Banking: | This account can be operated at branch - limited access only. | ||
| Telephone Banking: | Telephone banking is available 24 hours a day 365 days a year. Callers may use either an automated service or a person to person service. The services available are as follows:- - Request current balance - Request details of uncleared credits - Request details of uncleared debits - Hear the last 12 transactions - Set up bill payments (person to person service only) - Make bill payments - Set up transfer of funds details (person to person service only) - Transfer funds to other Alliance & Leicester accounts - Request a copy of the last statement - Request cheque book (subject to account status) - Request Transfer/Deposit books - Request envelopes - Request product literature on other Alliance & Leicester services | ||
| Post Office Banking: | Customers can make the following transactions at a Post Office branch: withdraw funds and check their balance using their card and PIN, make a cash deposit using their card and pay in cheques with a personalised paying in slip and deposit envelope from their Bank. | ||
| Standing Orders: | Standing order facilities are available. | ||
| Direct Debits: | Direct Debit facilities are available. | ||
| BACS Transfers: | Electronic/Telegraphic transfer service is available. | ||
| CHAPS Transfers: | Electronic and telegraphic transfers are available at a charge of £30. | ||
| Bill Payment Service: | Bill payment service is available. | ||
| Statement Frequency: | Statements are available monthly on-line. | ||
| Min Additional Deposit: | Unlimited | ||
| Minimum Withdrawal: | Unlimited | ||
| Withdrawal Restrictions: | Withdrawal Conditions - There are no withdrawal restrictions, although withdrawals of over £250 must be made over the branch counter. | ||
| ATM Card: | A VISA debit card is available - subject to status. | ||
| ATM Mini Statements: | Mini statements are available through the ATM. | ||
| Max ATM Withdrawal: | The maximum ATM withdrawal is £250.00. | ||
| Cheque Book: | A cheque book is available on request only. | ||
| Cheque Guarantee Card: | A cheque guarantee card of up to £100 may be issued to customers aged 18 or over, subject to status. | ||
| Cheque Clearance Time: | Branch- 5th working day Post Office- 4th working day after receipt of cheque By Post- 4th working day after receipt of cheque Cash Machine before 2pm- 5th working day Cash Machine after 2pm- 6th working day | ||
| Debit Card: | A VISA debit card is available. | ||
| Debit Card Type: | A VISA debit card is available. | ||
| Passbook: | A passbook is not issued when this account is opened. | ||
| Text Messaging Events: | Text message alerts and balance updates are available. | ||
| Text Mini Statements: | Text message mini statements are not available, although customers can see mini statements through mobile banking. | ||
| Travel Ins Winter Sport: | This incentive is not offered with this account. | ||
| Overdraft | |||
| Overdraft Facility: | Overdraft facilities are available,subject to status,and only available to customers over the age of 18. | ||
| Interest Free O/D Limit: | Maximum overdraft limit is £2,500. No interest on arranged overdrafts, although a daily usage fee of 50p a day (up to £5 a month) applies, if the arranged overdraft is used. £2,500 is the maximum overdraft limit and not an automatic limit. | ||
| Automatic O/D Facility: | There is no automatic overdraft facility offered. | ||
| Overdraft Buffer Limit: | There is no overdraft buffer available. | ||
| Overdraft Arrangement Fee: | There is no arrangement fee or monthly fee to pay. Fixed Term overdrafts carry an administration fee of £25. | ||
| Auth O/D Rate-APR/EAR: | The annual authorised overdraft rate is 0% EAR. | ||
| Mthly Auth O/D Charge: | There is a daily fee of £0.50 per day the account is overdrawn, capped at £5 per month. | ||
| Unauth O/D Rate-APR/EAR: | The annual unauthorised overdraft rate is 0% EAR. | ||
| Mthly Unauth O/D Charge: | There is no monthly fee for an unauthorised overdraft. | ||
| Overdraft Letter Charge: | There is no charge for an overdraft letter. | ||
| Rates | |||
| Headline Interest Rate: | The headline interest rate is 10.00% AER. | ||
| Rate Guarantee: | At the end of the fixed rate period, on balances up to £1,000, the interest rate reverts to Bank of England Base Rate less 1% | ||
| Introductory Bonus: | No introductory bonus payable. | ||
| Amount of Bonus: | The bonus amount is - 0% | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Non Standard Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £1 9.57% 9.57% 10.0% £1,001 0.10% 0.10% 0.10% | ||
| Gross AER - £1/£50: | 10.0% | ||
| Gross AER - £500: | 10.0% | ||
| Gross AER - £1,000: | 10.0% | ||
| Gross AER - £2,500: | 0.10% | ||
| Gross AER - £5,000: | 0.10% | ||
| Gross AER - £10,000: | 0.10% | ||
| Gross AER - £25,000: | 0.10% | ||
| Gross AER - £50,000: | 0.10% | ||
| Gross AER - £100,000: | 0.10% | ||
| Interest Payment Freq: | Interest is paid monthly. | ||
| Interest on Withdrawal: | Interest is calculated daily up to and including the day before withdrawal. | ||
| Int Added to Account: | Interest can be added to the account. | ||
| Interest Paid by Cheque: | Interest cannot be paid by cheque or warrant. | ||
| Int Paid to Bank A/c: | Interest cannot be paid to a bank account. | ||
| Int Paid to Other A/c: | Interest cannot be paid to another account. | ||
| Int After Cash Deposit: | Interest is calculated from the first working day after receipt into the account. | ||
| Int After Cheq Deposit: | Interest is calculated from the three working days after receipt for cheques. | ||
| Int After BACS Deposit: | Interest on electronic money transfers is paid on the next working day after receipt. | ||
| Interest Variant: | No | ||
| Max Balance High Interest: | The maximum balance for high interest is £1000. | ||
| Fee & Charges | |||
| Free Banking: | Free banking is offered. | ||
| Monthly Charge: | There is no monthly service charge. | ||
| Standing Order Charge: | There is no charge for payment of a standing order mandate. | ||
| S/O Setting Up Charge: | There is no charge for setting up a standing order mandate. | ||
| S/O Amendment Charge: | There is no charge for amending a standing order mandate. | ||
| S/O Cancellation Charge: | There is no charge for cancelling a standing order mandate. | ||
| Unpaid S/O Charge: | The charge for an unpaid standing order is £0.00. | ||
| Direct Debit Charge: | There is no charge for payment of a direct debit mandate. | ||
| Debit card charge Europe: | There is no debit card charge abroad in addition to the conversion fee of 2.95% of the sterling value of the transaction. | ||
| D/D Setting Up Charge: | There is no charge for setting up a direct debit mandate. | ||
| D/D Amendment Charge: | There is no charge for amending a direct debit mandate. | ||
| D/D Cancellation Charge: | There is no charge. | ||
| Unpaid D/D Charge: | The charge for an unpaid direct debit mandate is £0.00. | ||
| CHAPS Charge: | The charge for Electronic/Telegraphic transfers is £30. | ||
| Stopped Cheque Charge: | The charge for a stopped cheque is £10. | ||
| Unpaid Cheque Charge: | The charge for an unpaid cheque is £0.00. | ||
| Transaction Charge: | No charge is made for standard banking transactions on this account. | ||
| Unauth Transaction Fee: | There is a charge of £3 per day if the account is in unauthorised overdraft. | ||
| ATM Withdrawal Charge: | Customers may make withdrawals from any ATM in the LINK network free of charge. | ||
| ATM charge Europe: | Cash withdrawals abroad subject to a 2.00% (min £2.00) cash advance charge in addition to the conversion fee of 2.95% of the sterling value of the transaction. | ||
| A/c Transfers Int. Free: | No account transfers accepted. | ||
| Bankers Draft Charge: | The charge for a bankers draft is £10. | ||
| Bankers Reference Charge: | A bank reference charge of £10. | ||
| Copy Cheque Charge: | A charge for a copy of a cheque is £10. | ||
| Duplicate Stat Charge: | The charge for a duplicate cheque is £5. | ||
| Special Clearance Charge: | The charge for cheque special clearance is £10 per item. | ||
| Forex fee % Europe: | There is a 2.95% conversion fee for transactions abroad. | ||
| Other Charges: | Safe custody handling charge - £10. Safe custody withdrawal charge - £10. Charges for using MONILINK Mobile Banking: Registration for MONILINK Mobile Banking - free Balance enquiry - £0.20 Mini statement (last 6 transactions) - £0.25 | ||
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| Products: | www.allianceandleicester.co.uk Current Accounts | ||
