AA savings account to get your motor running

AA Savings has announced the launch of a new easy access, internet savings account offering up to 3.30% gross pa/AER

The AA Internet Extra (Issue 1) account is available from today and has two interest tiers. For investments of £1 upwards, the rate offered is 3.15% gross pa/AER (2.25% net) which includes a 12 month bonus of 2.65%. For investments from £50,000 to £1 million, the account pays 3.30% gross pa/AER (2.64% net) including 12 month bonus of 2.80%.

Interest is paid on the anniversary of the first deposit, either into the account or a linked bank account.

Mark Huggins, director of AA Savings said:

“There are several fixed-rate accounts available that pay good interest rates, including the AA two and five-year Fixed Rate Savings Accounts.”

“Because you can’t touch your money once it is in a fixed rate account, these don’t suit everyone. Internet Extra aims to offer a year of saving with good returns but without sacrificing flexibility. Customers can either make regular payments or simply pay in as much as they like when they like and their money is available as and when they need it.

“Those who save £50,000 and above are rewarded with an extra 0.15% gross pa/AER interest”.

“With last month’s news that households are saving more of their income* we’re looking to encourage people to save in a straightforward account with a good interest rate over the coming year,” Mr. Huggins added.

“AA Savings has a good track record of offering top-paying accounts and savers will be able to move their money into another AA account once the bonus period has ended.”

If you would like to ensure you secure the best possible rate for your savings, TotallyMoney.com can help. Visit http://www.totallymoney.com/banking/ now to compare great deals on bonds, ISAs and regular savings accounts. When you’ve decided on the right deal for you, just click Apply to be taken through the application process.