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Get your ISA savings on the road with AA

Get your ISA savings on the road with AA

Category: Savings

Updated: 09/07/2010
First Published: 08/07/2010

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 no notice ISA that should find favour with investors who prefer traditional methods of banking.

The AA Access ISA is a postal operated cash ISA that pays a rate of 2.70% (2.67% monthly) on a minimum investment of £500.

The rate includes a 1.00% bonus for 12 months, so a review will be needed after a year.

Transfers in are accepted, transfers out can be made without a penalty, withdrawals must be made via a nominated account and the product is operated by Birmingham Midshires.

It is good to see AA entering the ISA market with this no notice postal account. At 2.70%, it is amongst the market leaders and should do well with investors who prefer to do their banking via post.

The ability to transfer previous years' ISA allowance is a plus and this together with the option of monthly interest at a slightly reduced rate will appeal to those looking to supplement their incomes.

Four out of five Moneyfacts stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.

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