Alliance and Leicester current account

[samjones39]

My first post!!

I'm thinking about opening a A&L current account so I can then use the 10% saver account. Has anyone already got one? I am going to transfer �500 in each month the �250 into the savings account. I then plan to transfer �240 back out of the A&L current account, leaving only a small balance each month. Is this ok? Any worries I should know about before I open an account??

[Ethel]

I have one!

I opened it two months ago - I transfer �500 in each month and two weeks later transfer the spare �250 to another investment account (with the Halifax).

Nothing to worry about - you can access it on line too.

Just be sure you can afford to save �250 each month for 12 months.

[Sparkles3]

Not sure if you're set on A&L, but Barclays have the same system (10% saver with a current) I believe.