AA on the right savings road - Savings - News - Moneyfacts


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 on the right savings road

AA on the right savings road

Category: Savings

Updated: 21/04/2011
First Published: 21/04/2011

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 It is now over 6 months old so the content may be out of date.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 new two year ISA sure to drive savers crazy.

Paying 3.50%, the Two Year Fixed Rate Cash ISA offers a return just below the best two year ISA deals around.

A minimum investment of £1 is required, although additional investments and transfers in are allowed while the issue remains open.

Early access to funds and transfers out are permitted too, with the severity of the penalty depending on when the withdrawal is made - 180 days' interest is lost for accessing money in the first year, while 90 days' interest has to be given up in year two.

Despite the penalties, the ability to make withdrawals during the term will be seen as a plus.

The account has been awarded four out of five Moneyfacts stars.

Looking for a Cash ISA - Compare cash isa rates and best isa rates for transfers

Request a FREE ISA Savings brochure now

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 Any products featured may be withdrawn by their provider or changed at any time.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.