In response to popular demand, UK banking group Alliance & Leicester has brought back its Premier Regular Saver account, which pays a competitive 12% AER, for a limited period.
The Premier Regular Saver product is designed to encourage consumers to save a fixed amount each month for a year.
Ross Dalzell, manager for savings at Alliance & Leicester, said: The Premier Regular Saver is a great way for people to kick-start a savings habit and, at the end of the 12-month period, they will have saved up a nice little nest egg.
The account offers fixed monthly payments between GBP10 and GBP250 and, at the end of the 12-month period, the balance, including interest, will be paid into the customer’s Premier Current Account.