AA launches two year bond - Savings - News | moneyfacts.co.uk


Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

AA launches two year bond

AA launches two year bond

Category: Savings

Updated: 19/07/2012
First Published: 17/07/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The AA has launched a competitive two year bond paying 3.80% on its anniversary.

The 2 Year Fixed Rate Savings Account requires investments between £1 and £5 million and further additions can be made whilst the issue remains open.

This deal's appeal is boosted by the fact that early access is allowed, subject to penalty and depending on the outstanding term. Savers with one year or less remaining will be penalised by a 90 day loss of interest, whilst those with between one and two years left will receive a 180 day loss of interest penalty.

The account can be operated by savers aged 18 and over, by post only.

This product has been awarded four out of five Moneyfacts stars.

Find the best savings accounts for you - Compare fixed rate bonds

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.