Premier Direct Current Account

An award-winning current account with a great rate (when your account is in credit). Switching your account to us is so easy.

What do you get with a Premier Direct Current Account?

6% AER (fixed for one year) on balances up to £2,500.

0% EAR typical overdraft.
No usage fees for
12 months.

Free Switching Service.

24-hour account servicing.

Get great benefits with our current accounts

Earn a great rate of 6% AER (fixed for one year) on balances up to £2,500. After one year, 1% AER (variable) applies. Balances over £2,500 earn 0.10% AER (variable).
PLUS your chance to win a VIP trip to Italy and tickets to the 2010 ITALIAN FORMULA 1 GRAND PRIX*. Prize draw rules apply. Closing date 7 March 2010.
0% EAR typical overdraft. No usage fees on arranged overdrafts for 12 months from when you open the account (new customers only). A usage fee of 50p a day (up to £5 a month) applies after that. Maximum overdraft limit is £2,000.
Get a great rate on your savings, earn 6% gross p.a. /AER fixed for one year with a Premier Regular Saver when you move your banking to us using our Switching Service.
24-hour servicing using internet and phone banking.
It is easy to move your account when you use our Switching Service. Our dedicated team will move your existing direct debits, standing orders and salary to your new account and look to match your overdraft limit (depending on your circumstances).
Exclusive access to a linked PlusSaver account and the Santander Zero Credit Card (depending on your circumstances).
Best current account credit interest 4 years running and best debit interest 7 years running. Awarded by Moneyfacts.

AER stands for annual equivalent rate and shows what the interest rate would be if we paid interest and compounded it (interest paid on interest) each year.
EAR stands for effective annual rate and is the amount of interest charged on an overdraft. The figure does not include any fees or charges.
Gross is the interest paid without taking off tax.

To be able to have a Premier Direct Current Account, you must be over 21 and pay at least £500 into your account every month (or fees may apply). Cash, cheques and your salary all count towards this monthly amount, and they can be spread out over a month. You need an e-mail address and access to the internet.

Apply now

Compare current accounts

Current accounts	Credit interest rate AER	Overdraft interest rate EAR (variable)
Premier Direct Current Account	6% (fixed) for 12 months ^{(Balances up to £2,500)}	0% (no usage fees for first 12 months)
Royal Bank of Scotland Interest-Paying Current Account	0.10% (variable)	19.24%
NatWest Current Plus Account	0.10% (variable)	19.24%
HSBC Current Account Advance	0.00% (variable)	19.90%