Alliance & Leicester has revealed that its 12 per cent regular account will be closed to new applicants in 30 days time.
From now until February 7th 2007, those people who sign up to its Premier Current Account will be able to set up a direct debit into its Premium Regular Saver Account, which offers savings rates that could help people to boost their long-term savings.
Customers with the savings account can opt to transfer between £10 and £50 per month depending on their financing preferences.
It follows a recent poll of consumers conducted by the financial services company, which found that 82 per cent of respondents plan to start saving money during 2007.
"For the eight out of ten (82 per cent) people in Britain looking to save in 2007, there are 30 days left to take up the Premium Regular Saver with its 12 per cent rate that is valid for 12 months," explained Helen Palmer, head of current accounts at Alliance & Leicester.
Another option open to savers may be to consider starting an individual savings account, which is a government-backed scheme that offers tax-free savings to consumers.
Financial services company warns of deadline for high interest savings account
Financial services company warns of deadline for high interest savings account
Fri, 05 Jan 2007
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