Alliance & Leicester Online Saver Review

The Alliance and Leicester online saver savings account is currently one of the highest paying instant access savings accounts available. The interest rate savers receive is currently 2.75% (correct @01.01.2010). Key Features of the Online Saver Savings Account are Minimum Opening deposit of £1,000 and maximum of £2,000,000 No withdrawal charges making this a true instant access savings account Available to anyone aged 18+ Interest credited annually on 1st October Withdrawals and Deposits are made through crediting or debiting your nominated bank account using the Alliance and Leicester internet banking service. Only one eSAver savings account can be opened per customer.

Alliance and Leicester (A & L) Overview

Alliance and Leicester was created back in 1985 when the Leicester building society merged with the Alliance building society. In 1990 Alliance and Leicester acquired Girobank and in 1997 Alliance and Leicester floated on the stock exchange. In 2008 Alliance and Leicester was taken over by Santander for £1.26 billion pounds. Subsequently Santander have announced that the Alliance and Leicester name will change to Santander by the end of 2010. As well as savings accounts including the alliance and leicester online saver A & L provides personal loans, current accounts, mortgages, insurance products and credit cards.