Abbey and Alliance & Leicester are urging people to make the most of their money by switching to their six per cent interest current accounts.
Abbey’s Preferred In-Credit Rate account provides the rate for balances up to £2,500 for the first 12 months, provided customers have a balance of £1,000 per month.
Alliance & Leicester’s Premier Direct account, meanwhile, also offers six per cent interest of balances up to £2,500 provided customers provide £500 monthly funding.
Both accounts pay one per cent interest after the 12 month period has expired.
According to Emma Walkley, current accounts manager for Abbey, research has shown more people are keeping greater amounts of money in the current account these days.
She said: “Nearly one in ten say they now keep a larger balance in their current account compared to 12 months ago, so it seems that many British banking customers are missing out on some easy money.”
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